WNY Asset Management LLC cut its holdings in The Charles Schwab Co. (NYSE:SCHW – Free Report) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,327 shares of the financial services provider’s stock after selling 302 shares during the quarter. WNY Asset Management LLC’s holdings in Charles Schwab were worth $710,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in SCHW. Johnson Investment Counsel Inc. raised its stake in shares of Charles Schwab by 1.9% during the third quarter. Johnson Investment Counsel Inc. now owns 31,258 shares of the financial services provider’s stock worth $1,716,000 after purchasing an additional 580 shares during the last quarter. QRG Capital Management Inc. purchased a new position in Charles Schwab during the 3rd quarter worth $4,930,000. Envestnet Portfolio Solutions Inc. purchased a new position in Charles Schwab during the 3rd quarter worth $5,766,000. Envestnet Asset Management Inc. lifted its stake in shares of Charles Schwab by 35.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,376,517 shares of the financial services provider’s stock worth $240,271,000 after acquiring an additional 1,141,303 shares during the period. Finally, Coombe Bender & Co LLC boosted its holdings in shares of Charles Schwab by 4.1% in the third quarter. Coombe Bender & Co LLC now owns 41,489 shares of the financial services provider’s stock valued at $2,278,000 after acquiring an additional 1,642 shares in the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on SCHW shares. Barclays raised their price objective on shares of Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 16th. Piper Sandler raised their price target on Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Deutsche Bank Aktiengesellschaft dropped their price objective on Charles Schwab from $86.00 to $83.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd. StockNews.com downgraded Charles Schwab from a “hold” rating to a “sell” rating in a report on Friday, May 24th. Finally, TD Cowen lowered their price target on shares of Charles Schwab from $92.00 to $88.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of…
Read More: The Charles Schwab Co. (NYSE:SCHW) Shares Sold by WNY Asset Management LLC
