HS Management Partners LLC bought a new stake in shares of The Charles Schwab Corporation (NYSE:SCHW) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 742,925 shares of the financial services provider’s stock, valued at approximately $32,496,000. The Charles Schwab makes up about 1.1% of HS Management Partners LLC’s holdings, making the stock its 20th biggest holding. HS Management Partners LLC owned about 0.06% of The Charles Schwab at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of The Charles Schwab by 3.2% during the second quarter. Vanguard Group Inc. now owns 81,925,586 shares of the financial services provider’s stock worth $3,519,523,000 after purchasing an additional 2,536,947 shares in the last quarter. BlackRock Inc. grew its holdings in shares of The Charles Schwab by 2.5% during the second quarter. BlackRock Inc. now owns 73,666,134 shares of the financial services provider’s stock worth $3,164,699,000 after purchasing an additional 1,790,015 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of The Charles Schwab by 1.3% during the second quarter. JPMorgan Chase & Co. now owns 39,576,199 shares of the financial services provider’s stock worth $1,700,193,000 after purchasing an additional 491,451 shares in the last quarter. FMR LLC grew its holdings in shares of The Charles Schwab by 11.3% during the second quarter. FMR LLC now owns 30,766,004 shares of the financial services provider’s stock worth $1,321,708,000 after purchasing an additional 3,128,532 shares in the last quarter. Finally, Capital Research Global Investors grew its holdings in shares of The Charles Schwab by 86.3% during the second quarter. Capital Research Global Investors now owns 24,237,199 shares of the financial services provider’s stock worth $1,041,230,000 after purchasing an additional 11,224,199 shares in the last quarter. 79.84% of the stock is owned by institutional investors and hedge funds.

Shares of The Charles Schwab Corporation (SCHW) traded up $2.05 during mid-day trading on Tuesday, reaching $51.55. The company’s stock had a trading volume of 13,058,500 shares, compared to its average volume of 7,080,300. The company has a quick ratio of 0.30, a current ratio of 0.31 and a debt-to-equity ratio of 0.21. The Charles Schwab Corporation has a 12-month low of $37.16 and a 12-month high of $51.89. The company has a market capitalization of $69,030.00, a P/E ratio of 31.73, a P/E/G ratio of 2.11 and a beta of 1.74.

The Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.01. The Charles Schwab had a return on equity of 15.77% and a net margin of 27.30%. The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the previous year, the company posted $0.35 earnings per share. The business’s revenue was up 13.1% on a year-over-year basis. equities analysts forecast that The Charles Schwab Corporation will post 1.62 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 24th. Shareholders of record on Friday, November 10th were given a $0.08 dividend. The ex-dividend date was Thursday, November 9th. This represents a $0.32 annualized dividend and a yield of 0.62%. The Charles Schwab’s payout ratio is currently 20.51%.

Several analysts have issued reports on SCHW shares. BidaskClub lowered The Charles Schwab from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Barclays started coverage on The Charles Schwab in a research note on Friday, September 8th. They issued an “overweight” rating and a $48.00 target price for the company. Jefferies Group reaffirmed a “buy” rating and issued a $49.00 target price on shares of The Charles Schwab in a research note on Friday, September 15th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $47.00 target price on shares of The Charles Schwab in a research note on Friday, September 15th. Finally, Morgan Stanley upped their target price on The Charles Schwab from $51.00 to $53.00 and gave the stock an “overweight” rating in a research note on Thursday, October 5th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The Charles Schwab presently has a consensus rating of “Buy” and an average price target of $47.56.

In related news, EVP Terri R. Kallsen sold 815 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $43.97, for a total transaction of $35,835.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Peter B. Crawford sold 1,063 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $44.64, for a total value of $47,452.32. Following the transaction, the chief financial officer now owns 11,302 shares of the company’s stock, valued at approximately $504,521.28. The disclosure for this sale can be found here. Insiders sold 1,764,883 shares of company stock valued at $82,007,128 in the last quarter. Corporate insiders own 12.00% of the company’s stock.

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

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