Private Advisor Group LLC Acquires 3,536 Shares of The Charles Schwab Corporation (NYSE:SCHW)

Private Advisor Group LLC grew its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 3.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 101,695 shares of the financial services provider's stock after acquiring an additional 3,536 shares during the quarter. Private Advisor Group LLC's holdings in Charles Schwab were worth $7,961,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in Charles Schwab by 380.5% during the fourth quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider's stock worth $1,794,000 after buying an additional 19,195 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Charles Schwab in the fourth quarter valued at approximately $441,000. Teacher Retirement System of Texas raised its stake in Charles Schwab by 833.4% in the fourth quarter. Teacher Retirement System of Texas now owns 94,412 shares of the financial services provider's stock valued at $6,987,000 after purchasing an additional 84,297 shares in the last quarter. Magnetar Financial LLC bought a new stake in Charles Schwab in the 4th quarter worth approximately $241,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in Charles Schwab by 23.2% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 25,542 shares of the financial services provider's stock worth $1,890,000 after buying an additional 4,812 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company's stock.

Charles Schwab Price Performance

Shares of SCHW traded up $0.84 during trading hours on Thursday, reaching $95.99. 3,357,495 shares of the company traded hands, compared to its average volume of 10,242,752. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $174.41 billion, a PE ratio of 25.83, a price-to-earnings-growth ratio of 0.92 and a beta of 0.93. The Charles Schwab Corporation has a fifty-two week low of $61.15 and a fifty-two week high of $97.50. The stock has a fifty day simple moving average of $90.00 and a 200 day simple moving average of $82.48.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its earnings results on Friday, July 18th. The financial services provider reported $1.14 EPS for the quarter, beating the consensus estimate of $1.10 by $0.04. The business had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $5.64 billion. Charles Schwab had a return on equity of 19.73% and a net margin of 33.68%. The company's revenue was up 24.8% on a year-over-year basis. During the same period last year, the business posted $0.73 EPS. As a group, research analysts predict that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Paula A. Sneed sold 8,647 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $88.06, for a total transaction of $761,454.82. Following the transaction, the director directly owned 105,654 shares of the company's stock, valued at approximately $9,303,891.24. The trade was a 7.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Peter J. Morgan III sold 10,176 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $87.39, for a total value of $889,280.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 116,313 shares of company stock worth $10,264,091. 6.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently commented on SCHW. UBS Group lifted their target price on shares of Charles Schwab from $95.00 to $96.00 and gave the stock a "buy" rating in a research note on Tuesday, April 22nd. Raymond James Financial restated an "outperform" rating and set a $99.00 price target on shares of Charles Schwab in a report on Friday, July 18th. TD Securities raised their price target on Charles Schwab from $95.00 to $113.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. JPMorgan Chase & Co. increased their price target on Charles Schwab from $92.00 to $95.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Finally, William Blair lowered shares of Charles Schwab from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 3rd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $98.65.

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.