Karpas Strategies LLC maintained its position in The Charles Schwab Corporation (NYSE:SCHW) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 271,355 shares of the company’s stock at the end of the third quarter. The Charles Schwab Corporation makes up about 4.2% of Karpas Strategies LLC’s portfolio, making the stock its 5th largest position. Karpas Strategies LLC’s holdings in The Charles Schwab Corporation were worth $8,567,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of SCHW. BlackRock Institutional Trust Company N.A. increased its position in The Charles Schwab Corporation by 8.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 32,659,249 shares of the company’s stock valued at $826,606,000 after buying an additional 2,620,553 shares in the last quarter. FMR LLC increased its position in The Charles Schwab Corporation by 6.8% in the second quarter. FMR LLC now owns 23,322,699 shares of the company’s stock valued at $590,299,000 after buying an additional 1,480,550 shares in the last quarter. Bank of New York Mellon Corp increased its position in The Charles Schwab Corporation by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 16,934,039 shares of the company’s stock valued at $428,601,000 after buying an additional 264,001 shares in the last quarter. Davis Selected Advisers increased its position in The Charles Schwab Corporation by 13.3% in the second quarter. Davis Selected Advisers now owns 15,544,811 shares of the company’s stock valued at $393,439,000 after buying an additional 1,829,474 shares in the last quarter. Finally, BlackRock Fund Advisors increased its position in The Charles Schwab Corporation by 2.7% in the second quarter. BlackRock Fund Advisors now owns 14,798,673 shares of the company’s stock valued at $374,554,000 after buying an additional 391,326 shares in the last quarter. 76.51% of the stock is owned by hedge funds and other institutional investors.

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

Shares of The Charles Schwab Corporation (NYSE:SCHW) traded up 1.1874% during trading on Friday, hitting $41.7499. The company had a trading volume of 991,262 shares. The Charles Schwab Corporation has a 1-year low of $21.51 and a 1-year high of $41.81. The firm has a market capitalization of $55.35 billion, a P/E ratio of 33.6693 and a beta of 1.75. The company’s 50 day moving average is $39.74 and its 200 day moving average is $32.77.

The Charles Schwab Corporation (NYSE:SCHW) last posted its earnings results on Monday, October 17th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.02. The Charles Schwab Corporation had a return on equity of 13.64% and a net margin of 24.77%. The firm had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the previous year, the firm earned $0.27 earnings per share. The business’s revenue was up 19.8% compared to the same quarter last year. Analysts anticipate that The Charles Schwab Corporation will post $1.30 earnings per share for the current fiscal year.

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Several research analysts have recently issued reports on SCHW shares. Argus reaffirmed a “buy” rating and issued a $36.00 price objective (up previously from $34.00) on shares of The Charles Schwab Corporation in a research note on Friday, October 21st. SunTrust Banks, Inc. raised shares of The Charles Schwab Corporation from a “neutral” rating to a “buy” rating and increased their target price for the company from $32.00 to $33.00 in a research report on Tuesday, October 18th. Zacks Investment Research raised shares of The Charles Schwab Corporation from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Monday, September 26th. Morgan Stanley reissued an “overweight” rating on shares of The Charles Schwab Corporation in a research report on Saturday, December 17th. Finally, Keefe, Bruyette & Woods assumed coverage on shares of The Charles Schwab Corporation in a research report on Thursday, December 8th. They set an “outperform” rating and a $46.00 target price for the company. Two research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $37.14.

In other news, Director Arun Sarin sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 29th. The stock was sold at an average price of $38.60, for a total transaction of $386,000.00. Following the transaction, the director now directly owns 5,493 shares of the company’s stock, valued at $212,029.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Marie A. Chandoha sold 1,300 shares of the business’s stock in a transaction that occurred on Friday, January 6th. The shares were sold at an average price of $41.51, for a total value of $53,963.00. The disclosure for this sale can be found here. Insiders own 12.60% of the company’s stock.

The Charles Schwab Corporation Company Profile

The Charles Schwab Corporation 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.

5 Day Chart for NYSE:SCHW

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