The Charles Schwab Co. (NYSE:SCHW) Shares Purchased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lifted its holdings in The Charles Schwab Co. (NYSE:SCHW) by 26.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,207 shares of the financial services provider’s stock after acquiring an additional 17,433 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Charles Schwab were worth $6,019,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SCHW. Nelson Capital Management LLC lifted its stake in shares of Charles Schwab by 0.4% during the first quarter. Nelson Capital Management LLC now owns 37,726 shares of the financial services provider’s stock worth $2,729,000 after purchasing an additional 141 shares in the last quarter. Abbrea Capital LLC boosted its holdings in Charles Schwab by 2.5% in the 1st quarter. Abbrea Capital LLC now owns 5,777 shares of the financial services provider’s stock worth $418,000 after acquiring an additional 142 shares during the period. Sweet Financial Partners LLC grew its position in Charles Schwab by 3.5% in the first quarter. Sweet Financial Partners LLC now owns 4,430 shares of the financial services provider’s stock valued at $320,000 after acquiring an additional 150 shares in the last quarter. Ironwood Financial llc raised its stake in shares of Charles Schwab by 1.6% during the first quarter. Ironwood Financial llc now owns 10,186 shares of the financial services provider’s stock valued at $737,000 after purchasing an additional 160 shares during the period. Finally, Courier Capital LLC lifted its position in shares of Charles Schwab by 0.4% during the fourth quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider’s stock worth $3,133,000 after purchasing an additional 161 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Stock Performance

Shares of NYSE:SCHW traded down $1.06 during trading on Wednesday, reaching $64.08. 11,690,887 shares of the company’s stock traded hands, compared to its average volume of 7,952,639. The stock has a market capitalization of $113.89 billion, a P/E ratio of 27.59, a price-to-earnings-growth ratio of 1.21 and a beta of 0.99. The Charles Schwab Co. has a 12 month low of $48.66 and a 12 month high of $79.49. The company has a 50 day moving average of $72.87 and a 200-day moving average of $70.08. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.42 and a quick ratio of 0.42.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.01. The firm had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.68 billion. Charles Schwab had a net margin of 26.30% and a return on equity of 18.65%. Charles Schwab’s quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the firm posted $0.75 EPS. On average, equities analysts expect that The Charles Schwab Co. will post 3.09 EPS for the current year.

Insider Buying and Selling

In other Charles Schwab news, CEO Walter W. Bettinger purchased 25,000 shares of Charles Schwab stock in a transaction on Wednesday, July 17th. The stock was bought at an average price of $66.26 per share, for a total transaction of $1,656,500.00. Following the transaction, the chief executive officer now owns 827,377 shares of the company’s stock, valued at approximately $54,822,000.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Walter W. Bettinger bought 25,000 shares of the business’s stock in a transaction dated Wednesday, July 17th. The shares were bought at an average cost of $66.26 per share, with a total value of $1,656,500.00. Following the completion of the transaction, the chief executive officer now directly owns 827,377 shares of the company’s stock, valued at $54,822,000.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction on Friday, July 19th. The shares were sold at an average price of $61.96, for a total value of $557,640.00. Following the completion of the transaction, the director now owns 567,057 shares of the company’s stock, valued at approximately $35,134,851.72. The disclosure for this sale can be found here. Insiders sold 469,989 shares of company stock valued at $35,107,213 in the last three months. 6.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

SCHW has been the topic of several analyst reports. Morgan Stanley dropped their price target on shares of Charles Schwab from $73.00 to $71.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 11th. Keefe, Bruyette & Woods raised Charles Schwab from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $76.00 to $84.00 in a research report on Monday, July 8th. JPMorgan Chase & Co. reduced their price target on Charles Schwab from $82.00 to $78.00 and set an “overweight” rating for the company in a report on Wednesday, July 17th. JMP Securities dropped their price objective on Charles Schwab from $85.00 to $82.00 and set a “market outperform” rating on the stock in a report on Tuesday. Finally, Jefferies Financial Group increased their target price on Charles Schwab from $85.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, July 8th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $75.20.

Charles Schwab Company 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.