Charles Schwab Corp (SCHW) Stake Lessened by Winslow Asset Management Inc.
Winslow Asset Management Inc. decreased its holdings in shares of Charles Schwab Corp (NYSE:SCHW) by 3.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 361,535 shares of the financial services provider’s stock after selling 13,855 shares during the period. Charles Schwab accounts for about 3.4% of Winslow Asset Management Inc.’s holdings, making the stock its 3rd biggest holding. Winslow Asset Management Inc.’s holdings in Charles Schwab were worth $18,572,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in SCHW. Capital Research Global Investors lifted its position in shares of Charles Schwab by 86.3% during 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 buying an additional 11,224,199 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in 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 purchasing an additional 8,856,483 shares in the last quarter. FMR LLC lifted its holdings in 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 purchasing an additional 3,128,532 shares in the last quarter. Vanguard Group Inc. lifted its holdings in 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 purchasing an additional 2,536,947 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. lifted its holdings in Charles Schwab by 90.2% in the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 4,887,840 shares of the financial services provider’s stock valued at $213,794,000 after purchasing an additional 2,318,498 shares in the last quarter. Hedge funds and other institutional investors own 79.54% of the company’s stock.
Shares of Charles Schwab Corp (NYSE SCHW) traded up $0.22 on Thursday, hitting $53.56. The company’s stock had a trading volume of 9,042,899 shares, compared to its average volume of 6,322,428. Charles Schwab Corp has a twelve month low of $37.16 and a twelve month high of $54.47. The firm has a market cap of $72,330.00, a P/E ratio of 34.33, a PEG ratio of 1.30 and a beta of 1.75. The company has a quick ratio of 0.30, a current ratio of 0.31 and a debt-to-equity ratio of 0.21.
Charles Schwab (NYSE:SCHW) last issued its earnings results on Wednesday, October 18th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. Charles Schwab had a return on equity of 15.77% and a net margin of 27.30%. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same period last year, the company earned $0.35 EPS. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. equities analysts expect that Charles Schwab Corp will post 1.61 EPS for the current year.
SCHW has been the topic of a number of research reports. Keefe, Bruyette & Woods restated a “buy” rating and issued a $47.00 price objective on shares of Charles Schwab in a report on Friday, September 15th. Deutsche Bank raised their price objective on Charles Schwab from $46.00 to $47.00 and gave the company a “hold” rating in a report on Wednesday, October 25th. Credit Suisse Group initiated coverage on Charles Schwab in a report on Thursday, November 30th. They issued an “outperform” rating and a $55.00 price objective on the stock. BidaskClub upgraded Charles Schwab from a “strong sell” rating to a “sell” rating in a report on Saturday, September 16th. Finally, Jefferies Group restated a “buy” rating and issued a $49.00 price objective on shares of Charles Schwab in a report on Friday, September 15th. Six equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $51.25.
In other Charles Schwab news, insider Walter W. Bettinger acquired 72,510 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was purchased at an average cost of $27.21 per share, with a total value of $1,972,997.10. Following the transaction, the insider now owns 41,330 shares of the company’s stock, valued at $1,124,589.30. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Charles R. Schwab sold 225,000 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $44.89, for a total value of $10,100,250.00. The disclosure for this sale can be found here. Insiders sold a total of 1,658,531 shares of company stock valued at $77,397,901 over the last ninety days. Corporate insiders own 12.00% of the company’s stock.
About Charles Schwab
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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