Cullinan Associates Inc. lifted its stake in Charles Schwab Co. (NYSE:SCHW) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 135,800 shares of the financial services provider’s stock after acquiring an additional 950 shares during the quarter. Cullinan Associates Inc.’s holdings in Charles Schwab were worth $6,459,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SCHW. AE Wealth Management LLC raised its stake in Charles Schwab by 76.4% in the fourth quarter. AE Wealth Management LLC now owns 40,991 shares of the financial services provider’s stock valued at $1,950,000 after buying an additional 17,760 shares during the period. Farmers Trust Co. increased its holdings in shares of Charles Schwab by 1.6% during the 4th quarter. Farmers Trust Co. now owns 83,404 shares of the financial services provider’s stock worth $3,966,000 after acquiring an additional 1,324 shares during the last quarter. Parkside Advisors LLC acquired a new position in shares of Charles Schwab during the 4th quarter worth approximately $216,000. Chicago Capital LLC raised its stake in Charles Schwab by 49.9% in the 4th quarter. Chicago Capital LLC now owns 910,837 shares of the financial services provider’s stock valued at $43,319,000 after acquiring an additional 303,331 shares during the period. Finally, Tocqueville Asset Management L.P. raised its stake in Charles Schwab by 0.6% in the 4th quarter. Tocqueville Asset Management L.P. now owns 463,949 shares of the financial services provider’s stock valued at $22,065,000 after acquiring an additional 2,957 shares during the period. 78.78% of the stock is currently owned by institutional investors and hedge funds.

Shares of SCHW traded down $0.59 during mid-day trading on Wednesday, hitting $47.12. 7,647,835 shares of the company’s stock were exchanged, compared to its average volume of 8,265,489. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.40. Charles Schwab Co. has a 52 week low of $34.58 and a 52 week high of $51.65. The stock’s 50-day simple moving average is $48.62 and its 200-day simple moving average is $42.62. The firm has a market cap of $61.29 billion, a price-to-earnings ratio of 19.23, a price-to-earnings-growth ratio of 3.20 and a beta of 1.39.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.05. Charles Schwab had a return on equity of 20.81% and a net margin of 35.12%. The business had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the prior year, the business posted $0.65 earnings per share. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. Analysts forecast that Charles Schwab Co. will post 2.72 earnings per share for the current fiscal year.

In other news, EVP Bernard J. Clark sold 28,078 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $51.00, for a total transaction of $1,431,978.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Peter J. Morgan III sold 2,500 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $49.02, for a total transaction of $122,550.00. Following the sale, the executive vice president now owns 14,180 shares in the company, valued at approximately $695,103.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 349,364 shares of company stock worth $17,174,848. Corporate insiders own 10.90% of the company’s stock.

A number of equities analysts have commented on SCHW shares. Barclays raised shares of Charles Schwab from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $35.00 to $49.00 in a research report on Wednesday, November 27th. Zacks Investment Research downgraded shares of Charles Schwab from a “strong-buy” rating to a “hold” rating and set a $58.00 price objective for the company. in a research report on Tuesday, December 17th. Bank of America reaffirmed a “neutral” rating and issued a target price (up previously from ) on shares of Charles Schwab in a research report on Monday. Wells Fargo & Co reiterated a “hold” rating on shares of Charles Schwab in a research note on Tuesday, November 26th. Finally, Credit Suisse Group dropped their price target on Charles Schwab from $55.00 to $49.00 and set an “outperform” rating for the company in a report on Tuesday, October 1st. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $49.25.

Charles Schwab Profile

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.

Recommended Story: What is the Coverage Ratio?

Want to see what other hedge funds are holding SCHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Charles Schwab Co. (NYSE:SCHW).

Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

Receive News & Ratings for Charles Schwab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charles Schwab and related companies with MarketBeat.com's FREE daily email newsletter.