Coastline Trust Co Acquires Shares of 15,800 Charles Schwab Corp (SCHW)

Coastline Trust Co acquired a new position in shares of Charles Schwab Corp (NYSE:SCHW) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 15,800 shares of the financial services provider’s stock, valued at approximately $812,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. National Pension Service grew its stake in Charles Schwab by 2.3% during the 4th quarter. National Pension Service now owns 1,034,975 shares of the financial services provider’s stock valued at $53,167,000 after acquiring an additional 23,491 shares in the last quarter. Knowledge Leaders Capital LLC purchased a new position in Charles Schwab during the 4th quarter valued at about $4,902,000. CWM LLC grew its stake in Charles Schwab by 16.2% during the 4th quarter. CWM LLC now owns 71,725 shares of the financial services provider’s stock valued at $3,685,000 after acquiring an additional 9,973 shares in the last quarter. Liberty Capital Management Inc. grew its stake in Charles Schwab by 359.8% during the 4th quarter. Liberty Capital Management Inc. now owns 11,830 shares of the financial services provider’s stock valued at $655,000 after acquiring an additional 9,257 shares in the last quarter. Finally, BLB&B Advisors LLC purchased a new position in Charles Schwab during the 4th quarter valued at about $220,000. Hedge funds and other institutional investors own 79.59% of the company’s stock.

In other news, CFO Peter B. Crawford sold 1,063 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $44.64, for a total transaction of $47,452.32. Following the completion of the transaction, the chief financial officer now directly owns 11,302 shares in the company, valued at $504,521.28. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Terri R. Kallsen sold 2,026 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $51.30, for a total value of $103,933.80. Following the transaction, the executive vice president now owns 1,706 shares of the company’s stock, valued at $87,517.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,658,531 shares of company stock valued at $77,397,901. Corporate insiders own 12.00% of the company’s stock.

Several equities research analysts recently commented on the company. BidaskClub cut Charles Schwab from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 17th. Morgan Stanley boosted their price target on Charles Schwab from $51.00 to $53.00 and gave the company an “overweight” rating in a research note on Thursday, October 5th. Deutsche Bank boosted their price target on Charles Schwab from $46.00 to $47.00 and gave the company a “hold” rating in a research note on Wednesday, October 25th. SunTrust Banks reissued a “buy” rating and issued a $63.00 price target (up previously from $56.00) on shares of Charles Schwab in a research note on Tuesday, December 26th. Finally, JMP Securities cut Charles Schwab from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 3rd. Six investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $51.81.

Shares of Charles Schwab Corp (NYSE SCHW) opened at $56.09 on Thursday. Charles Schwab Corp has a 1-year low of $37.16 and a 1-year high of $56.25. The company has a quick ratio of 0.30, a current ratio of 0.31 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $75,110.00, a P/E ratio of 35.96, a P/E/G ratio of 1.38 and a beta of 1.75.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Wednesday, October 18th. The financial services provider reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.01. Charles Schwab had a return on equity of 15.77% and a net margin of 27.30%. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period in the previous year, the company earned $0.35 EPS. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. analysts predict that Charles Schwab Corp will post 1.61 earnings per share for the current year.

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About Charles Schwab

The Charles Schwab Corporation (CSC) is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services.

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

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