The Charles Schwab Corporation (SCHW) Shares Bought by Tredje AP fonden

Tredje AP fonden raised its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 0.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,638 shares of the financial services provider’s stock after acquiring an additional 866 shares during the quarter. Tredje AP fonden’s holdings in The Charles Schwab Corporation were worth $4,581,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. raised its holdings in shares of The Charles Schwab Corporation by 19.4% during the second quarter. American Century Companies Inc. now owns 4,139,650 shares of the financial services provider’s stock valued at $177,839,000 after acquiring an additional 673,011 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of The Charles Schwab Corporation by 1.6% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,417,577 shares of the financial services provider’s stock valued at $103,859,000 after acquiring an additional 38,306 shares during the last quarter. Bank of Nova Scotia raised its holdings in shares of The Charles Schwab Corporation by 932.5% during the first quarter. Bank of Nova Scotia now owns 278,070 shares of the financial services provider’s stock valued at $11,348,000 after acquiring an additional 251,139 shares during the last quarter. Park National Corp OH raised its holdings in shares of The Charles Schwab Corporation by 184.2% during the second quarter. Park National Corp OH now owns 43,433 shares of the financial services provider’s stock valued at $1,866,000 after acquiring an additional 28,152 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of The Charles Schwab Corporation during the first quarter valued at approximately $5,391,000. 79.60% of the stock is owned by institutional investors and hedge funds.

In related news, Chairman Charles R. Schwab sold 350,000 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $43.10, for a total value of $15,085,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Terri R. Kallsen sold 1,000 shares of the stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $38.99, for a total value of $38,990.00. Following the completion of the sale, the executive vice president now owns 5,212 shares of the company’s stock, valued at $203,215.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 925,122 shares of company stock valued at $39,733,977. Insiders own 12.00% of the company’s stock.

The Charles Schwab Corporation (NYSE:SCHW) traded down 0.438% on Friday, hitting $39.815. The stock had a trading volume of 4,455,130 shares. The firm has a market cap of $53.32 billion, a price-to-earnings ratio of 26.721 and a beta of 1.64. The company’s 50-day moving average price is $40.60 and its 200 day moving average price is $40.81. The Charles Schwab Corporation has a one year low of $29.86 and a one year high of $44.10.

The Charles Schwab Corporation (NYSE:SCHW) last released its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates of $0.39. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.13 billion. The Charles Schwab Corporation had a return on equity of 15.41% and a net margin of 26.73%. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.30 EPS. Analysts expect that The Charles Schwab Corporation will post $1.61 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Friday, August 11th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.80%. The Charles Schwab Corporation’s payout ratio is 21.48%.

COPYRIGHT VIOLATION WARNING: This news story was posted by BBNS and is the sole property of of BBNS. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The correct version of this news story can be read at https://baseballnewssource.com/markets/tredje-ap-fonden-grows-position-in-the-charles-schwab-corporation-schw/1602614.html.

A number of equities analysts have commented on the company. BidaskClub cut The Charles Schwab Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, September 8th. Barclays PLC started coverage on The Charles Schwab Corporation in a report on Friday, September 8th. They issued an “overweight” rating and a $48.00 price target for the company. Morgan Stanley reaffirmed an “overweight” rating and issued a $51.00 price target (up previously from $48.00) on shares of The Charles Schwab Corporation in a report on Tuesday, July 25th. Nomura cut The Charles Schwab Corporation from a “buy” rating to a “neutral” rating in a report on Monday, July 24th. Finally, Instinet reaffirmed a “neutral” rating and issued a $43.00 price target (down previously from $46.00) on shares of The Charles Schwab Corporation in a report on Monday, July 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $44.72.

About The Charles Schwab Corporation

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.

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

Receive News & Ratings for The Charles Schwab Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Charles Schwab Corporation and related companies with our FREE daily email newsletter.

 


Latest News

Los Angeles Dodgers Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22
Tigers Player Might Play All Nine Positions During Same Game
Tigers Player Might Play All Nine Positions During Same Game


Leave a Reply

 
© 2006-2017 BBNS.