Lazari Capital Management Inc. Has $573,000 Stake in The Charles Schwab Co. (NYSE:SCHW)

Lazari Capital Management Inc. reduced its holdings in The Charles Schwab Co. (NYSE:SCHW) by 3.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,840 shares of the financial services provider’s stock after selling 361 shares during the quarter. Lazari Capital Management Inc.’s holdings in Charles Schwab were worth $573,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. GAM Holding AG grew its holdings in shares of Charles Schwab by 58.6% during the third quarter. GAM Holding AG now owns 216,756 shares of the financial services provider’s stock worth $14,048,000 after purchasing an additional 80,045 shares during the last quarter. Tempus Wealth Planning LLC lifted its position in Charles Schwab by 8.3% during the 3rd quarter. Tempus Wealth Planning LLC now owns 6,220 shares of the financial services provider’s stock worth $403,000 after buying an additional 476 shares in the last quarter. Eastern Bank bought a new stake in Charles Schwab during the 3rd quarter worth about $109,000. Sequoia Financial Advisors LLC increased its position in Charles Schwab by 548.0% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 327,741 shares of the financial services provider’s stock valued at $21,241,000 after acquiring an additional 277,165 shares in the last quarter. Finally, Sweeney & Michel LLC raised its stake in shares of Charles Schwab by 25.6% in the third quarter. Sweeney & Michel LLC now owns 6,529 shares of the financial services provider’s stock worth $466,000 after acquiring an additional 1,330 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SCHW. Piper Sandler raised their price target on shares of Charles Schwab from $64.00 to $65.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Citigroup lowered their target price on Charles Schwab from $75.00 to $72.00 and set a “neutral” rating for the company in a research note on Friday, September 27th. Raymond James cut their price target on Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. Wells Fargo & Company lifted their price objective on Charles Schwab from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Finally, Jefferies Financial Group cut their target price on shares of Charles Schwab from $79.00 to $73.00 and set a “buy” rating on the stock in a research report on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $73.59.

Insider Transactions at Charles Schwab

In related news, insider Paul V. Woolway sold 1,150 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $65.20, for a total value of $74,980.00. Following the completion of the transaction, the insider now directly owns 61,887 shares in the company, valued at approximately $4,035,032.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Charles Schwab news, insider Paul V. Woolway sold 1,150 shares of Charles Schwab stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $65.20, for a total value of $74,980.00. Following the transaction, the insider now owns 61,887 shares of the company’s stock, valued at approximately $4,035,032.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 29,800 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $72.16, for a total transaction of $2,150,368.00. Following the completion of the transaction, the director now owns 551,329 shares of the company’s stock, valued at $39,783,900.64. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 182,001 shares of company stock valued at $12,512,592 over the last 90 days. 6.60% of the stock is owned by company insiders.

Charles Schwab Trading Up 0.1 %

SCHW opened at $70.91 on Wednesday. The Charles Schwab Co. has a twelve month low of $48.66 and a twelve month high of $79.49. The firm has a market cap of $126.11 billion, a PE ratio of 27.70, a price-to-earnings-growth ratio of 1.65 and a beta of 0.97. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.42 and a current ratio of 0.42. The firm’s fifty day moving average is $65.32 and its two-hundred day moving average is $69.48.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.75 by $0.02. Charles Schwab had a return on equity of 17.52% and a net margin of 27.47%. The business had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter last year, the business posted $0.77 EPS. The firm’s revenue was up 5.2% compared to the same quarter last year. Equities research analysts anticipate that The Charles Schwab Co. will post 3.11 EPS for the current year.

About Charles Schwab

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.