Webster Bank N. A. Sells 475 Shares of The Charles Schwab Co. (NYSE:SCHW)

Webster Bank N. A. reduced its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 35,591 shares of the financial services provider’s stock after selling 475 shares during the period. Webster Bank N. A.’s holdings in Charles Schwab were worth $2,634,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Dark Forest Capital Management LP bought a new stake in Charles Schwab during the 2nd quarter worth approximately $303,000. Mackenzie Financial Corp grew its position in shares of Charles Schwab by 3.2% during the 2nd quarter. Mackenzie Financial Corp now owns 482,349 shares of the financial services provider’s stock worth $35,544,000 after buying an additional 15,166 shares during the period. Kathmere Capital Management LLC bought a new stake in Charles Schwab in the second quarter valued at $209,000. Driehaus Capital Management LLC raised its stake in Charles Schwab by 25.2% during the 2nd quarter. Driehaus Capital Management LLC now owns 8,638 shares of the financial services provider’s stock worth $637,000 after buying an additional 1,737 shares during the period. Finally, Ascent Group LLC raised its position in shares of Charles Schwab by 12.3% during the second quarter. Ascent Group LLC now owns 80,579 shares of the financial services provider’s stock worth $5,938,000 after purchasing an additional 8,838 shares during the period. 84.38% of the stock is owned by institutional investors and hedge funds.

Charles Schwab Price Performance

SCHW stock opened at $81.67 on Monday. 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 firm has a market cap of $145.34 billion, a P/E ratio of 27.31, a P/E/G ratio of 1.46 and a beta of 0.99. The firm’s fifty day moving average is $77.81 and its 200 day moving average is $70.83. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $83.35.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.11. The firm had revenue of $5.33 billion during 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 business’s revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.68 earnings per share. Research analysts predict that The Charles Schwab Co. will post 4.09 earnings per share for the current year.

Insider Buying and Selling

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 14,643 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total value of $1,181,690.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christopher V. Dodds sold 9,284 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $81.43, for a total value of $755,996.12. Following the completion of the sale, the director now directly owns 442,807 shares in the company, valued at approximately $36,057,774.01. The trade was a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,466 shares of company stock valued at $3,352,884 over the last ninety days. 6.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

SCHW has been the topic of several recent research reports. Jefferies Financial Group raised their price target on shares of Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Barclays increased their price objective on Charles Schwab from $95.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Raymond James reduced their target price on shares of Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. Finally, Keefe, Bruyette & Woods boosted their price objective 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 analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $83.83.

Charles Schwab Company Profile

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.