Charles Schwab Corp (SCHW) Holdings Boosted by Bogart Wealth LLC
Bogart Wealth LLC lifted its stake in shares of Charles Schwab Corp (NYSE:SCHW) by 1,100.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,040 shares of the financial services provider’s stock after purchasing an additional 1,870 shares during the period. Bogart Wealth LLC’s holdings in Charles Schwab were worth $105,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Cubist Systematic Strategies LLC grew its position in shares of Charles Schwab by 317.6% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 51,701 shares of the financial services provider’s stock valued at $2,221,000 after purchasing an additional 39,321 shares in the last quarter. CIBC World Markets Inc. purchased a new position in shares of Charles Schwab during the 2nd quarter valued at $282,000. CAPROCK Group Inc. grew its position in shares of Charles Schwab by 22.3% during the 3rd quarter. CAPROCK Group Inc. now owns 6,532 shares of the financial services provider’s stock valued at $286,000 after purchasing an additional 1,190 shares in the last quarter. Captrust Financial Advisors purchased a new position in shares of Charles Schwab during the 2nd quarter valued at $273,000. Finally, Chemical Bank grew its position in shares of Charles Schwab by 10.6% during the 2nd quarter. Chemical Bank now owns 34,116 shares of the financial services provider’s stock valued at $1,466,000 after purchasing an additional 3,272 shares in the last quarter. Institutional investors own 79.54% of the company’s stock.
SCHW has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $47.00 price objective on shares of Charles Schwab in a report on Friday, September 15th. Deutsche Bank lifted their price objective on shares of Charles Schwab from $46.00 to $47.00 and gave the stock a “hold” rating in a report on Wednesday, October 25th. Credit Suisse Group initiated coverage on shares of Charles Schwab in a report on Thursday, November 30th. They set an “outperform” rating and a $55.00 price objective for the company. BidaskClub raised shares of Charles Schwab from a “strong sell” rating to a “sell” rating in a report on Saturday, September 16th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $49.00 price objective on shares of Charles Schwab in a report on Friday, September 15th. Six research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $51.25.
In other news, EVP Terri R. Kallsen sold 815 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $43.97, for a total value of $35,835.55. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Marie A. Chandoha sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $45.59, for a total transaction of $319,130.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,658,531 shares of company stock worth $77,397,901. Corporate insiders own 12.00% of the company’s stock.
Charles Schwab Corp (SCHW) opened at $53.56 on Thursday. Charles Schwab Corp has a 52-week low of $37.16 and a 52-week high of $54.47. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.30 and a current ratio of 0.31. The stock has a market cap of $71,720.00, a PE ratio of 34.33, a P/E/G ratio of 1.30 and a beta of 1.75.
Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.01. The company had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Charles Schwab had a net margin of 27.30% and a return on equity of 15.77%. Charles Schwab’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.35 earnings per share. research analysts forecast that Charles Schwab Corp will post 1.61 EPS for the current fiscal year.
About Charles Schwab
The Charles Schwab Corporation (CSC) is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services.
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