Beaumont Financial Advisors LLC Takes Position in The Charles Schwab Co. (NYSE:SCHW)

Beaumont Financial Advisors LLC purchased a new position in shares of The Charles Schwab Co. (NYSE:SCHW) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 2,710 shares of the financial services provider’s stock, valued at approximately $201,000.

A number of other hedge funds have also recently added to or reduced their stakes in SCHW. Washington Trust Advisors Inc. raised its stake in shares of Charles Schwab by 62.6% in the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 149 shares during the last quarter. Capital Performance Advisors LLP bought a new position in Charles Schwab in the 3rd quarter worth approximately $25,000. Prospera Private Wealth LLC acquired a new position in Charles Schwab during the 3rd quarter worth $31,000. Future Financial Wealth Managment LLC bought a new position in Charles Schwab in the 3rd quarter valued at $32,000. Finally, Hazlett Burt & Watson Inc. acquired a new stake in shares of Charles Schwab in the 3rd quarter valued at $33,000. Institutional investors own 84.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SCHW. JPMorgan Chase & Co. upped 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. Piper Sandler raised their target price on shares of Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Jefferies Financial Group boosted their price target on shares of Charles Schwab from $84.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Raymond James lowered their target price on shares of Charles Schwab from $76.00 to $73.00 in a report on Tuesday, October 15th. Finally, Keefe, Bruyette & Woods increased their price target on Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $83.83.

Charles Schwab Trading Up 1.7 %

Shares of NYSE:SCHW opened at $81.96 on Friday. The firm has a market cap of $145.86 billion, a price-to-earnings ratio of 27.41, a PEG ratio of 1.48 and a beta of 0.99. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $83.35. The company’s fifty day simple moving average is $77.75 and its 200 day simple moving average is $70.75. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.11. The firm had revenue of $5.33 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter last year, the business posted $0.68 EPS. As a group, research analysts forecast that The Charles Schwab Co. will post 4.04 EPS for the current fiscal year.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,300 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $82.01, for a total transaction of $188,623.00. Following the sale, the insider now directly owns 18,069 shares of the company’s stock, valued at $1,481,838.69. The trade was a 11.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Nigel J. Murtagh sold 12,739 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $81.17, for a total value of $1,034,024.63. Following the completion of the transaction, the insider now owns 59,092 shares of the company’s stock, valued at $4,796,497.64. The trade was a 17.73 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,823 shares of company stock worth $2,171,194. Corporate insiders own 6.60% of the company’s stock.

About Charles Schwab

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.