Carroll Financial Associates Inc. Decreases Stock Position in Charles Schwab Co. (NYSE:SCHW)

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Carroll Financial Associates Inc. lessened its stake in shares of Charles Schwab Co. (NYSE:SCHW) by 8.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,836 shares of the financial services provider’s stock after selling 421 shares during the period. Carroll Financial Associates Inc.’s holdings in Charles Schwab were worth $202,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC increased its stake in Charles Schwab by 133.3% in the second quarter. FNY Investment Advisers LLC now owns 700 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 400 shares during the period. Glassman Wealth Services increased its stake in Charles Schwab by 51.0% in the second quarter. Glassman Wealth Services now owns 1,098 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 371 shares during the period. First PREMIER Bank purchased a new stake in Charles Schwab in the second quarter worth $49,000. Mirova purchased a new stake in Charles Schwab in the second quarter worth $53,000. Finally, Blume Capital Management Inc. increased its stake in Charles Schwab by 21.7% in the second quarter. Blume Capital Management Inc. now owns 1,400 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 250 shares during the period. Institutional investors own 79.02% of the company’s stock.

In other news, Director Mark A. Goldfarb purchased 2,595 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average price of $38.68 per share, for a total transaction of $100,374.60. Following the completion of the purchase, the director now owns 3,771 shares in the company, valued at approximately $145,862.28. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Jonathan M. Craig sold 3,740 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $40.20, for a total value of $150,348.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 219,677 shares of company stock worth $8,997,842. Insiders own 10.90% of the company’s stock.

SCHW has been the topic of a number of recent analyst reports. Citigroup increased their target price on Charles Schwab from $43.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, September 19th. Morgan Stanley reiterated a “buy” rating on shares of Charles Schwab in a research note on Friday, September 27th. Keefe, Bruyette & Woods lowered Charles Schwab from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $51.00 to $43.50 in a research note on Friday, July 12th. Wells Fargo & Co lowered Charles Schwab from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $50.00 to $38.00 in a research note on Thursday, October 3rd. Finally, Compass Point set a $45.00 target price on Charles Schwab and gave the stock a “hold” rating in a research note on Tuesday, July 2nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $44.34.

Shares of Charles Schwab stock opened at $37.28 on Friday. The firm has a market cap of $48.73 billion, a P/E ratio of 15.22, a P/E/G ratio of 2.35 and a beta of 1.32. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.40. Charles Schwab Co. has a 12 month low of $34.58 and a 12 month high of $49.47. The stock’s fifty day moving average price is $39.40 and its 200-day moving average price is $41.63.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $0.66 EPS for the quarter, beating the consensus estimate of $0.65 by $0.01. The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.68 billion. Charles Schwab had a return on equity of 20.52% and a net margin of 35.29%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 earnings per share. Analysts forecast that Charles Schwab Co. will post 2.63 earnings per share for the current year.

Charles Schwab Company 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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