Asset Management One Co. Ltd. Sells 4,754 Shares of The Charles Schwab Corporation (SCHW)

Asset Management One Co. Ltd. decreased its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 0.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,898,214 shares of the financial services provider’s stock after selling 4,754 shares during the quarter. Asset Management One Co. Ltd. owned 0.14% of The Charles Schwab worth $83,017,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in SCHW. Capital Research Global Investors lifted its position in The Charles Schwab by 86.3% in the 2nd quarter. Capital Research Global Investors now owns 24,237,199 shares of the financial services provider’s stock valued at $1,041,230,000 after acquiring an additional 11,224,199 shares in the last quarter. Janus Henderson Group PLC lifted its position in The Charles Schwab by 1,766.9% in the 2nd quarter. Janus Henderson Group PLC now owns 9,357,736 shares of the financial services provider’s stock valued at $402,011,000 after acquiring an additional 8,856,483 shares in the last quarter. FMR LLC lifted its position in The Charles Schwab by 11.3% in the 2nd quarter. FMR LLC now owns 30,766,004 shares of the financial services provider’s stock valued at $1,321,708,000 after acquiring an additional 3,128,532 shares in the last quarter. Vanguard Group Inc. lifted its position in The Charles Schwab by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 81,925,586 shares of the financial services provider’s stock valued at $3,519,523,000 after acquiring an additional 2,536,947 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. lifted its position in shares of The Charles Schwab by 90.2% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 4,887,840 shares of the financial services provider’s stock worth $213,794,000 after buying an additional 2,318,498 shares in the last quarter. 79.84% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP Bernard J. Clark sold 50,444 shares of The Charles Schwab stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $50.52, for a total value of $2,548,430.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Walter W. Bettinger acquired 72,510 shares of The Charles Schwab stock in a transaction that occurred on Tuesday, November 7th. The stock was acquired at an average price of $27.21 per share, with a total value of $1,972,997.10. Following the completion of the purchase, the insider now directly owns 41,330 shares in the company, valued at approximately $1,124,589.30. The disclosure for this purchase can be found here. Insiders sold a total of 1,763,883 shares of company stock worth $81,968,138 in the last ninety days. 12.00% of the stock is currently owned by insiders.

Several equities analysts have commented on the stock. Credit Suisse Group assumed coverage on shares of The Charles Schwab in a research report on Thursday, November 30th. They set an “outperform” rating and a $55.00 target price on the stock. Barclays lifted their target price on shares of The Charles Schwab from $48.00 to $51.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 10th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $47.00 target price on shares of The Charles Schwab in a research report on Friday, September 15th. Deutsche Bank lifted their target price on shares of The Charles Schwab from $46.00 to $47.00 and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Finally, BidaskClub raised shares of The Charles Schwab from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 10th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The Charles Schwab currently has an average rating of “Buy” and a consensus target price of $47.56.

The Charles Schwab Corporation (NYSE SCHW) traded down $0.77 during trading hours on Wednesday, hitting $50.78. 7,799,100 shares of the company were exchanged, compared to its average volume of 7,083,372. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.31 and a quick ratio of 0.30. The company has a market cap of $69,106.70, a PE ratio of 33.04, a PEG ratio of 2.19 and a beta of 1.74. The Charles Schwab Corporation has a 52 week low of $37.16 and a 52 week high of $51.89.

The Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. The company had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.18 billion. The Charles Schwab had a net margin of 27.30% and a return on equity of 15.77%. The Charles Schwab’s revenue was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 EPS. sell-side analysts anticipate that The Charles Schwab Corporation will post 1.62 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 24th. Investors of record on Friday, November 10th were issued a $0.08 dividend. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.63%. The Charles Schwab’s dividend payout ratio (DPR) is presently 20.51%.

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The Charles Schwab Profile

The Charles Schwab Corporation (CSC) is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services.

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Institutional Ownership by Quarter for The Charles Schwab (NYSE:SCHW)

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