AHL Partners LLP bought a new position in shares of The Charles Schwab Corporation (NYSE:SCHW) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 27,734 shares of the financial services provider’s stock, valued at approximately $1,191,000.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. boosted its position in shares of The Charles Schwab Corporation by 1,921.5% in the 1st quarter. BlackRock Inc. now owns 71,876,119 shares of the financial services provider’s stock worth $2,933,263,000 after purchasing an additional 68,320,480 shares in the last quarter. Findlay Park Partners LLP bought a new stake in shares of The Charles Schwab Corporation in the 1st quarter worth approximately $218,669,000. FMR LLC boosted its position in shares of The Charles Schwab Corporation by 18.2% in the 1st quarter. FMR LLC now owns 27,637,472 shares of the financial services provider’s stock worth $1,127,886,000 after purchasing an additional 4,259,181 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of The Charles Schwab Corporation by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 79,388,639 shares of the financial services provider’s stock worth $3,239,850,000 after purchasing an additional 3,063,203 shares in the last quarter. Finally, Waddell & Reed Financial Inc. boosted its position in shares of The Charles Schwab Corporation by 69.3% in the 1st quarter. Waddell & Reed Financial Inc. now owns 6,367,351 shares of the financial services provider’s stock worth $259,851,000 after purchasing an additional 2,605,949 shares in the last quarter. Hedge funds and other institutional investors own 79.44% of the company’s stock.

SCHW has been the topic of a number of analyst reports. Deutsche Bank AG dropped their price target on The Charles Schwab Corporation from $47.00 to $46.00 and set a “buy” rating on the stock in a research report on Tuesday, July 4th. BidaskClub cut The Charles Schwab Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Jefferies Group LLC reissued a “buy” rating and issued a $49.00 price target on shares of The Charles Schwab Corporation in a research report on Friday, September 15th. Morgan Stanley boosted their price target on The Charles Schwab Corporation from $51.00 to $53.00 and gave the stock an “overweight” rating in a research report on Thursday, October 5th. Finally, Citigroup Inc. initiated coverage on The Charles Schwab Corporation in a research report on Thursday, July 13th. They issued a “neutral” rating and a $46.00 price target on the stock. Six research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $46.80.

Shares of The Charles Schwab Corporation (SCHW) opened at 44.73 on Monday. The stock has a market capitalization of $59.90 billion, a price-to-earnings ratio of 30.02 and a beta of 1.68. The firm’s 50-day moving average is $41.93 and its 200-day moving average is $41.08. The Charles Schwab Corporation has a 52 week low of $30.66 and a 52 week high of $46.21.

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

In other news, EVP Joseph R. Martinetto sold 89,330 shares of The Charles Schwab Corporation stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $42.51, for a total transaction of $3,797,418.30. Following the completion of the sale, the executive vice president now directly owns 207,961 shares in the company, valued at $8,840,422.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Charles R. Schwab sold 350,000 shares of The Charles Schwab Corporation stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $43.10, for a total transaction of $15,085,000.00. The disclosure for this sale can be found here. Insiders have sold 1,035,705 shares of company stock valued at $44,665,539 over the last quarter. Insiders own 12.00% of the company’s stock.

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The Charles Schwab Corporation 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.

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

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