Charles Schwab Co. (SCHW) Shares Sold by SeaBridge Investment Advisors LLC

SeaBridge Investment Advisors LLC lessened its holdings in shares of Charles Schwab Co. (NYSE:SCHW) by 6.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 72,475 shares of the financial services provider’s stock after selling 4,710 shares during the period. SeaBridge Investment Advisors LLC’s holdings in Charles Schwab were worth $3,562,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Acropolis Investment Management LLC bought a new stake in shares of Charles Schwab during the second quarter worth $115,000. LFA Lugano Financial Advisors SA bought a new stake in shares of Charles Schwab during the third quarter worth $111,000. Point72 Hong Kong Ltd bought a new stake in shares of Charles Schwab during the second quarter worth $134,000. Kaizen Advisory LLC grew its holdings in shares of Charles Schwab by 157.6% during the second quarter. Kaizen Advisory LLC now owns 2,980 shares of the financial services provider’s stock worth $152,000 after purchasing an additional 1,823 shares during the last quarter. Finally, Sun Life Financial INC grew its holdings in shares of Charles Schwab by 1,041.8% during the second quarter. Sun Life Financial INC now owns 3,254 shares of the financial services provider’s stock worth $166,000 after purchasing an additional 2,969 shares during the last quarter. Institutional investors own 80.36% of the company’s stock.

Charles Schwab stock traded up $0.10 during mid-day trading on Friday, hitting $46.80. The stock had a trading volume of 435,932 shares, compared to its average volume of 7,267,615. The stock has a market cap of $64.91 billion, a price-to-earnings ratio of 28.56, a P/E/G ratio of 1.19 and a beta of 1.55. Charles Schwab Co. has a 12 month low of $42.20 and a 12 month high of $60.22. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.33.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Monday, October 15th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.65. The business had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.58 billion. Charles Schwab had a return on equity of 19.46% and a net margin of 32.65%. The firm’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.42 earnings per share. As a group, sell-side analysts expect that Charles Schwab Co. will post 2.45 EPS for the current year.

In other Charles Schwab news, insider Marie A. Chandoha sold 8,424 shares of the firm’s stock in a transaction dated Tuesday, October 16th. The stock was sold at an average price of $48.01, for a total transaction of $404,436.24. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Charles R. Schwab sold 190,500 shares of the firm’s stock in a transaction dated Tuesday, July 24th. The stock was sold at an average price of $52.75, for a total value of $10,048,875.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 217,271 shares of company stock worth $11,385,530. 11.50% of the stock is owned by company insiders.

Several brokerages have recently commented on SCHW. Morgan Stanley increased their target price on Charles Schwab from $65.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, October 9th. Zacks Investment Research upgraded Charles Schwab from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Wednesday, October 3rd. Wolfe Research started coverage on Charles Schwab in a report on Tuesday, September 25th. They set an “underperform” rating on the stock. Citigroup decreased their price target on Charles Schwab from $49.00 to $48.00 and set a “sell” rating on the stock in a report on Monday, July 23rd. Finally, Wells Fargo & Co raised their price target on Charles Schwab from $54.00 to $56.00 and gave the company a “$54.22” rating in a report on Wednesday, July 18th. Two analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. Charles Schwab presently has a consensus rating of “Hold” and a consensus target price of $58.77.

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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