The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Toth Financial Advisory Corp

Toth Financial Advisory Corp cut its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 86.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 870 shares of the financial services provider’s stock after selling 5,732 shares during the quarter. Toth Financial Advisory Corp’s holdings in Charles Schwab were worth $64,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. SJS Investment Consulting Inc. grew its stake in Charles Schwab by 5.4% during the 4th quarter. SJS Investment Consulting Inc. now owns 10,827 shares of the financial services provider’s stock valued at $801,000 after purchasing an additional 552 shares during the last quarter. Lantz Financial LLC acquired a new stake in shares of Charles Schwab during the fourth quarter worth about $216,000. Exchange Traded Concepts LLC boosted its position in Charles Schwab by 592.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 136,828 shares of the financial services provider’s stock valued at $10,127,000 after buying an additional 117,055 shares during the last quarter. CX Institutional increased its holdings in Charles Schwab by 2.2% in the 4th quarter. CX Institutional now owns 9,298 shares of the financial services provider’s stock worth $688,000 after buying an additional 198 shares during the period. Finally, LexAurum Advisors LLC lifted its stake in Charles Schwab by 10.4% during the 4th quarter. LexAurum Advisors LLC now owns 14,876 shares of the financial services provider’s stock valued at $1,101,000 after acquiring an additional 1,404 shares during the period. 84.38% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Charles Schwab

In other Charles Schwab news, insider Nigel J. Murtagh sold 12,739 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $81.17, for a total value of $1,034,024.63. Following the completion of the sale, the insider now directly owns 59,092 shares in the company, valued at $4,796,497.64. This represents a 17.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Peter J. Morgan III sold 14,643 shares of Charles Schwab stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total value of $1,181,690.10. The disclosure for this sale can be found here. Insiders sold 41,466 shares of company stock valued at $3,352,884 over the last 90 days. 6.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a research note on Wednesday, October 16th. Piper Sandler lifted their price objective on Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Barclays upped their target price on Charles Schwab from $95.00 to $96.00 and gave the stock an “overweight” rating in a research note on Wednesday. The Goldman Sachs Group lifted their price target on Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. upped their price objective on Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $83.83.

Charles Schwab Trading Down 0.5 %

SCHW stock opened at $81.67 on Friday. The Charles Schwab Co. has a 12-month low of $61.01 and a 12-month high of $83.35. The business’s 50-day moving average is $77.81 and its 200 day moving average is $70.88. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The stock has a market cap of $145.34 billion, a price-to-earnings ratio of 27.31, a PEG ratio of 1.46 and a beta of 0.99.

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