4,327 Shares in Charles Schwab Corp (SCHW) Acquired by SeaCrest Wealth Management LLC
SeaCrest Wealth Management LLC acquired a new position in Charles Schwab Corp (NYSE:SCHW) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,327 shares of the financial services provider’s stock, valued at approximately $222,000.
A number of other hedge funds also recently made changes to their positions in SCHW. Amundi Pioneer Asset Management Inc. increased its stake in shares of Charles Schwab by 90.2% in the third quarter. Amundi Pioneer Asset Management Inc. now owns 4,887,840 shares of the financial services provider’s stock worth $213,794,000 after purchasing an additional 2,318,498 shares in the last quarter. Edgewood Management LLC increased its stake in shares of Charles Schwab by 8.4% in the third quarter. Edgewood Management LLC now owns 20,125,345 shares of the financial services provider’s stock worth $880,283,000 after purchasing an additional 1,559,733 shares in the last quarter. Atlantic Trust Group LLC increased its stake in shares of Charles Schwab by 851.8% in the third quarter. Atlantic Trust Group LLC now owns 1,492,315 shares of the financial services provider’s stock worth $65,274,000 after purchasing an additional 1,335,522 shares in the last quarter. Jackson Square Partners LLC increased its stake in shares of Charles Schwab by 13.8% in the third quarter. Jackson Square Partners LLC now owns 10,807,952 shares of the financial services provider’s stock worth $472,739,000 after purchasing an additional 1,307,627 shares in the last quarter. Finally, Columbus Circle Investors purchased a new position in shares of Charles Schwab in the third quarter worth about $49,394,000. 79.72% of the stock is currently owned by institutional investors and hedge funds.
In other Charles Schwab news, Chairman Charles R. Schwab sold 350,000 shares of Charles Schwab stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $44.65, for a total transaction of $15,627,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Peter B. Crawford sold 12,459 shares of Charles Schwab stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $51.58, for a total transaction of $642,635.22. Following the sale, the chief financial officer now owns 7,652 shares of the company’s stock, valued at $394,690.16. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,008,944 shares of company stock valued at $101,205,520. 12.00% of the stock is owned by corporate insiders.
Charles Schwab Corp (NYSE:SCHW) opened at $50.12 on Monday. The company has a market cap of $67,190.00, a P/E ratio of 31.13, a P/E/G ratio of 1.24 and a beta of 1.63. Charles Schwab Corp has a 12 month low of $37.16 and a 12 month high of $56.25. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.30 and a current ratio of 0.31.
Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. The company had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Charles Schwab had a net margin of 27.32% and a return on equity of 16.31%. Charles Schwab’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.36 earnings per share. equities analysts forecast that Charles Schwab Corp will post 2.37 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $0.40 annualized dividend and a yield of 0.80%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.08. Charles Schwab’s payout ratio is currently 24.84%.
Charles Schwab Company 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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