VCI Wealth Management LLC Trims Holdings in The Charles Schwab Co. (NYSE:SCHW)

VCI Wealth Management LLC reduced its stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 37.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,372 shares of the financial services provider's stock after selling 8,469 shares during the quarter. VCI Wealth Management LLC's holdings in Charles Schwab were worth $1,064,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Washington Trust Advisors Inc. increased its position in shares of Charles Schwab by 62.6% during the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 149 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Charles Schwab during the 3rd quarter valued at $25,000. Prospera Private Wealth LLC purchased a new stake in shares of Charles Schwab during the 3rd quarter valued at $31,000. Future Financial Wealth Managment LLC bought a new stake in shares of Charles Schwab during the 3rd quarter worth $32,000. Finally, Hazlett Burt & Watson Inc. purchased a new position in shares of Charles Schwab in the 3rd quarter worth about $33,000. 84.38% of the stock is currently owned by institutional investors.

Insider Transactions at Charles Schwab

In related news, Director Arun Sarin sold 8,548 shares of Charles Schwab stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total value of $699,397.36. Following the transaction, the director now owns 18,617 shares in the company, valued at $1,523,242.94. This trade represents a 31.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jonathan S. Beatty sold 2,500 shares of the company's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $77.02, for a total transaction of $192,550.00. Following the sale, the insider now owns 18,069 shares of the company's stock, valued at approximately $1,391,674.38. The trade was a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,014 shares of company stock valued at $4,052,281 in the last quarter. Insiders own 6.60% of the company's stock.

Charles Schwab Price Performance

NYSE:SCHW traded down $0.80 during trading hours on Tuesday, hitting $81.73. 9,056,159 shares of the company's stock traded hands, compared to its average volume of 9,235,891. The firm has a market cap of $145.45 billion, a P/E ratio of 27.33, a P/E/G ratio of 1.46 and a beta of 0.99. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The business's fifty day simple moving average is $77.82 and its two-hundred day simple moving average is $70.87. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $83.35.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.11. The firm had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company's revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter last year, the company posted $0.68 EPS. On average, research analysts anticipate that The Charles Schwab Co. will post 4.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on SCHW shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Charles Schwab from $98.00 to $105.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods lifted their price target on shares of Charles Schwab from $81.00 to $93.00 and gave the stock an "outperform" rating in a report on Friday, December 20th. The Goldman Sachs Group increased their price objective on Charles Schwab from $67.00 to $74.00 and gave the company a "neutral" rating in a report on Wednesday, October 16th. Morgan Stanley boosted their target price on Charles Schwab from $74.00 to $84.00 and gave the company an "equal weight" rating in a research note on Friday, January 17th. Finally, Citigroup upped their price target on Charles Schwab from $80.00 to $85.00 and gave the company a "neutral" rating in a research report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $84.11.

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.