Court Place Advisors LLC Has $238,000 Position in Charles Schwab Co. (NYSE:SCHW)

Court Place Advisors LLC lowered its holdings in Charles Schwab Co. (NYSE:SCHW) by 5.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,700 shares of the financial services provider’s stock after selling 300 shares during the quarter. Court Place Advisors LLC’s holdings in Charles Schwab were worth $238,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. FNY Investment Advisers LLC lifted its stake in Charles Schwab by 133.3% during the 2nd quarter. FNY Investment Advisers LLC now owns 700 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 400 shares in the last quarter. Gradient Investments LLC lifted its stake in Charles Schwab by 526.2% during the 3rd quarter. Gradient Investments LLC now owns 814 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 684 shares in the last quarter. Glassman Wealth Services lifted its stake in Charles Schwab by 51.0% during the 2nd quarter. Glassman Wealth Services now owns 1,098 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 371 shares in the last quarter. First PREMIER Bank bought a new position in Charles Schwab during the 2nd quarter valued at $49,000. Finally, Mirova bought a new position in Charles Schwab during the 2nd quarter valued at $53,000. 79.01% of the stock is owned by institutional investors and hedge funds.

In other Charles Schwab news, EVP Jonathan M. Craig sold 3,740 shares of Charles Schwab stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $38.97, for a total transaction of $145,747.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Charles R. Schwab sold 105,422 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $42.03, for a total value of $4,430,886.66. The disclosure for this sale can be found here. Insiders have sold a total of 219,677 shares of company stock valued at $8,993,241 in the last ninety days. Insiders own 10.90% of the company’s stock.

Shares of Charles Schwab stock opened at $41.36 on Thursday. Charles Schwab Co. has a 52-week low of $34.58 and a 52-week high of $49.24. The stock’s 50-day simple moving average is $39.90 and its 200 day simple moving average is $41.41. The stock has a market capitalization of $53.49 billion, a P/E ratio of 16.88, a P/E/G ratio of 2.57 and a beta of 1.32. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.31 and a current ratio of 0.31.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.05. The business had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.65 billion. Charles Schwab had a return on equity of 20.85% and a net margin of 35.12%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.65 EPS. Equities research analysts forecast that Charles Schwab Co. will post 2.73 EPS for the current fiscal year.

SCHW has been the topic of a number of recent analyst reports. ValuEngine upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. Wolfe Research upgraded Charles Schwab from a “peer perform” rating to an “outperform” rating and lifted their target price for the stock from $42.00 to $46.00 in a research note on Tuesday, September 3rd. Bank of America cut Charles Schwab from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $49.00 to $43.00 in a research note on Friday, July 12th. JPMorgan Chase & Co. lowered their target price on Charles Schwab from $48.00 to $44.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 2nd. Finally, Keefe, Bruyette & Woods cut Charles Schwab from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $51.00 to $43.50 in a research note on Friday, July 12th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $44.38.

About Charles Schwab

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.

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

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