Daymark Wealth Partners LLC Lowers Position in The Charles Schwab Co. (NYSE:SCHW)

by · The Markets Daily

Daymark Wealth Partners LLC reduced its holdings in The Charles Schwab Co. (NYSE:SCHW – Free Report) by 2.6% during the 4th quarter, Holdings Channel reports. The firm owned 49,983 shares of the financial services provider’s stock after selling 1,344 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Charles Schwab were worth $3,699,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Eagle Wealth Strategies LLC boosted its stake in Charles Schwab by 5.0% during the 4th quarter. Eagle Wealth Strategies LLC now owns 4,592 shares of the financial services provider’s stock worth $340,000 after purchasing an additional 217 shares during the last quarter. MBM Wealth Consultants LLC boosted its position in Charles Schwab by 3.7% during the fourth quarter. MBM Wealth Consultants LLC now owns 17,677 shares of the financial services provider’s stock worth $1,305,000 after acquiring an additional 625 shares during the last quarter. Missouri Trust & Investment Co grew its stake in Charles Schwab by 104.8% during the 4th quarter. Missouri Trust & Investment Co now owns 774 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 396 shares in the last quarter. Simon Quick Advisors LLC raised its holdings in Charles Schwab by 2.6% in the 4th quarter. Simon Quick Advisors LLC now owns 8,688 shares of the financial services provider’s stock valued at $643,000 after acquiring an additional 221 shares during the last quarter. Finally, Red Spruce Capital LLC boosted its holdings in shares of Charles Schwab by 7.2% during the 4th quarter. Red Spruce Capital LLC now owns 42,031 shares of the financial services provider’s stock worth $3,111,000 after purchasing an additional 2,828 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Stock Up 5.8 %

SCHW opened at $80.88 on Wednesday. The stock has a market capitalization of $143.93 billion, a P/E ratio of 31.59, a price-to-earnings-growth ratio of 1.40 and a beta of 0.99. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $83.35. The business’s 50-day simple moving average is $77.71 and its 200-day simple moving average is $70.68.

Charles Schwab (NYSE:SCHW – Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. The company 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 16.92% and a net margin of 27.47%. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.68 earnings per share. Analysts anticipate that The Charles Schwab Co. will post 3.16 EPS for the current year.

Insider Activity

In other news, insider Nigel J. Murtagh sold 12,739 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $4,796,497.64. This trade represents a 17.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jonathan S. Beatty sold 2,500 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $77.02, for a total value of $192,550.00. Following the transaction, the insider now directly owns 18,069 shares in the company, valued at $1,391,674.38. This represents a 12.15 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,823 shares of company stock valued at $2,171,194. Insiders own 6.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on SCHW shares. Citigroup boosted their price objective on Charles Schwab from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday. Cowen upped their price objective on Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Truist Financial upgraded shares of Charles Schwab to a “strong-buy” rating in a report on Monday, January 6th. The Goldman Sachs Group raised their price target on Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $94.00 target price (up from $84.00) on shares of Charles Schwab in a research report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $83.47.

Read Our Latest Research Report on SCHW

Charles Schwab Profile

(Free Report)

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.

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