Aspire Capital Advisors LLC Invests $201,000 in The Charles Schwab Co. (NYSE:SCHW)

Aspire Capital Advisors LLC acquired a new position in shares of The Charles Schwab Co. (NYSE:SCHW) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,716 shares of the financial services provider’s stock, valued at approximately $201,000.

Several other institutional investors have also modified their holdings of SCHW. Washington Trust Advisors Inc. boosted its stake in shares of Charles Schwab by 62.6% in the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after buying an additional 149 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Charles Schwab during the 3rd quarter worth $25,000. Prospera Private Wealth LLC purchased a new position in shares of Charles Schwab in the 3rd quarter valued at about $31,000. Future Financial Wealth Managment LLC purchased a new stake in Charles Schwab during the third quarter worth about $32,000. Finally, Hazlett Burt & Watson Inc. purchased a new position in Charles Schwab in the third quarter valued at about $33,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Cowen raised their price target on shares of Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft boosted their price target on Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Redburn Partners cut their target price on Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a research report on Friday, January 17th. Wells Fargo & Company upgraded shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $89.00 to $93.00 in a research note on Wednesday, January 22nd. Finally, Jefferies Financial Group raised their price objective on shares of Charles Schwab from $84.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $84.11.

Insider Buying and Selling at Charles Schwab

In other news, insider Jonathan S. Beatty sold 2,300 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $82.01, for a total transaction of $188,623.00. Following the completion of the sale, the insider now owns 18,069 shares of the company’s stock, valued at $1,481,838.69. This represents a 11.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christopher V. Dodds sold 9,284 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $81.43, for a total transaction of $755,996.12. Following the completion of the sale, the director now directly owns 442,807 shares in the company, valued at $36,057,774.01. This represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,014 shares of company stock worth $4,052,281. Insiders own 6.60% of the company’s stock.

Charles Schwab Price Performance

Shares of Charles Schwab stock opened at $82.17 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a fifty day moving average price of $77.81 and a two-hundred day moving average price of $70.83. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $83.35. The company has a market cap of $146.23 billion, a PE ratio of 27.49, a price-to-earnings-growth ratio of 1.46 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5,190,822.51 billion. During the same period last year, the company posted $0.68 earnings per share. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. Analysts expect that The Charles Schwab Co. will post 4.09 EPS for the current year.

Charles Schwab Profile

The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services.