Polianta Ltd Takes Position in Charles Schwab Co. (SCHW)

Polianta Ltd purchased a new stake in Charles Schwab Co. (NYSE:SCHW) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 26,600 shares of the financial services provider’s stock, valued at approximately $1,137,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in SCHW. West Oak Capital LLC lifted its stake in Charles Schwab by 4.9% in the first quarter. West Oak Capital LLC now owns 40,086 shares of the financial services provider’s stock worth $1,714,000 after purchasing an additional 1,890 shares during the last quarter. Fulton Bank N.A. increased its position in shares of Charles Schwab by 5.6% in the first quarter. Fulton Bank N.A. now owns 5,811 shares of the financial services provider’s stock valued at $249,000 after acquiring an additional 309 shares during the period. First Financial Bank Trust Division increased its position in shares of Charles Schwab by 18.2% in the first quarter. First Financial Bank Trust Division now owns 68,526 shares of the financial services provider’s stock valued at $2,930,000 after acquiring an additional 10,571 shares during the period. Kohmann Bosshard Financial Services LLC increased its position in shares of Charles Schwab by 128.5% in the first quarter. Kohmann Bosshard Financial Services LLC now owns 18,264 shares of the financial services provider’s stock valued at $781,000 after acquiring an additional 10,272 shares during the period. Finally, Boltwood Capital Management purchased a new position in shares of Charles Schwab in the first quarter valued at about $308,000. 80.07% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have issued reports on SCHW. ValuEngine upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. Bank of America set a $50.00 price objective on shares of Charles Schwab and gave the company a “buy” rating in a research report on Tuesday, April 9th. Wells Fargo & Co decreased their price objective on shares of Charles Schwab from $48.00 to $47.00 and set a “market perform” rating on the stock in a research report on Friday, April 5th. Deutsche Bank reduced their price target on shares of Charles Schwab from $54.00 to $53.00 and set a “buy” rating on the stock in a research report on Friday, March 15th. Finally, Zacks Investment Research upgraded shares of Charles Schwab from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $53.22.

In related news, EVP Jonathan M. Craig sold 3,740 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $46.52, for a total transaction of $173,984.80. Following the transaction, the executive vice president now owns 66,190 shares in the company, valued at $3,079,158.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Charles R. Schwab sold 250,000 shares of the stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $45.29, for a total transaction of $11,322,500.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 883,617 shares of company stock worth $40,618,622. Insiders own 10.90% of the company’s stock.

NYSE:SCHW opened at $44.90 on Friday. Charles Schwab Co. has a one year low of $37.83 and a one year high of $60.22. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.83 and a current ratio of 1.08. The stock has a market cap of $60.79 billion, a P/E ratio of 18.33, a price-to-earnings-growth ratio of 1.47 and a beta of 1.32.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.66 by $0.03. The business had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.67 billion. Charles Schwab had a net margin of 35.27% and a return on equity of 20.79%. Charles Schwab’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 earnings per share. Research analysts anticipate that Charles Schwab Co. will post 2.77 EPS for the current fiscal year.

Charles Schwab declared that its Board of Directors has authorized a share buyback plan on Wednesday, January 30th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to buy up to 6.3% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

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Charles Schwab Profile

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.

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Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

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