Albion Financial Group UT Sells 7,500 Shares of The Charles Schwab Co. (NYSE:SCHW)

Albion Financial Group UT reduced its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 94.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 451 shares of the financial services provider’s stock after selling 7,500 shares during the quarter. Albion Financial Group UT’s holdings in Charles Schwab were worth $33,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Alliance Wealth Advisors LLC raised its holdings in Charles Schwab by 2.7% during the third quarter. Alliance Wealth Advisors LLC now owns 5,358 shares of the financial services provider’s stock worth $347,000 after acquiring an additional 142 shares in the last quarter. Michael S. Ryan Inc. raised its stake in shares of Charles Schwab by 2.5% during the 4th quarter. Michael S. Ryan Inc. now owns 5,998 shares of the financial services provider’s stock worth $444,000 after purchasing an additional 144 shares in the last quarter. GS Investments Inc. boosted its holdings in shares of Charles Schwab by 0.3% in the 3rd quarter. GS Investments Inc. now owns 57,434 shares of the financial services provider’s stock valued at $3,722,000 after buying an additional 146 shares during the last quarter. Relyea Zuckerberg Hanson LLC grew its stake in shares of Charles Schwab by 2.8% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 5,413 shares of the financial services provider’s stock valued at $401,000 after buying an additional 148 shares in the last quarter. Finally, Washington Trust Advisors Inc. increased its holdings in Charles Schwab by 62.6% during the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after buying an additional 149 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Nigel J. Murtagh sold 12,739 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $81.17, for a total transaction of $1,034,024.63. Following the completion of the sale, the insider now owns 59,092 shares of the company’s stock, valued at approximately $4,796,497.64. This represents a 17.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Christopher V. Dodds sold 9,284 shares of Charles Schwab stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $81.43, for a total transaction of $755,996.12. Following the completion of the transaction, the director now directly owns 442,807 shares in the company, valued at $36,057,774.01. This trade represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,823 shares of company stock valued at $2,171,194 over the last quarter. 6.60% of the stock is owned by company insiders.

Charles Schwab Stock Down 0.6 %

Shares of SCHW opened at $80.44 on Thursday. 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 Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $83.35. The firm’s 50 day moving average is $77.71 and its 200-day moving average is $70.68. The stock has a market capitalization of $143.15 billion, a PE ratio of 26.90, a P/E/G ratio of 1.48 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.11. The firm had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5,190,822.51 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.68 EPS. Equities research analysts forecast that The Charles Schwab Co. will post 4.04 EPS for the current year.

Analyst Upgrades and Downgrades

SCHW has been the subject of a number of analyst reports. Morgan Stanley lifted their price objective on shares of Charles Schwab from $74.00 to $84.00 and gave the company an “equal weight” rating in a research report on Friday, January 17th. Wells Fargo & Company upgraded Charles Schwab from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $89.00 to $93.00 in a report on Wednesday. Piper Sandler upped 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. JMP Securities reiterated a “market outperform” rating and set a $94.00 target price (up from $84.00) on shares of Charles Schwab in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. increased their price target on Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Two investment 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. Based on data from MarketBeat, Charles Schwab presently has a consensus rating of “Hold” and a consensus price target of $83.83.

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.