Park National Corp OH Has $4.34 Million Stake in Charles Schwab Corp (SCHW)
Park National Corp OH lifted its position in shares of Charles Schwab Corp (NYSE:SCHW) by 128.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 99,286 shares of the financial services provider’s stock after purchasing an additional 55,853 shares during the period. Park National Corp OH’s holdings in Charles Schwab Corp were worth $4,343,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of SCHW. Waldron LP boosted its holdings in shares of Charles Schwab Corp by 23.9% during the first quarter. Waldron LP now owns 9,339 shares of the financial services provider’s stock worth $381,000 after purchasing an additional 1,799 shares during the period. NN Investment Partners Holdings N.V. raised its stake in Charles Schwab Corp by 252.2% in the first quarter. NN Investment Partners Holdings N.V. now owns 35,181 shares of the financial services provider’s stock worth $1,436,000 after buying an additional 25,193 shares in the last quarter. Meiji Yasuda Life Insurance Co bought a new position in Charles Schwab Corp in the first quarter worth about $351,000. M&T Bank Corp raised its stake in Charles Schwab Corp by 18.0% in the first quarter. M&T Bank Corp now owns 193,546 shares of the financial services provider’s stock worth $7,900,000 after buying an additional 29,506 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in Charles Schwab Corp in the first quarter worth about $268,000. Institutional investors own 79.44% of the company’s stock.
In related news, EVP Joseph R. Martinetto sold 89,330 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 207,961 shares in the company, valued at approximately $8,840,422.11. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Marie A. Chandoha sold 9,705 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $43.17, for a total transaction of $418,964.85. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,035,705 shares of company stock valued at $44,665,539. 12.00% of the stock is currently owned by company insiders.
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Shares of Charles Schwab Corp (NYSE SCHW) traded down 1.78% during trading on Tuesday, hitting $43.68. 2,339,239 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $41.93 and a 200-day moving average price of $41.08. The stock has a market cap of $58.49 billion, a P/E ratio of 29.32 and a beta of 1.68. Charles Schwab Corp has a one year low of $30.66 and a one year high of $46.21.
Charles Schwab Corp (NYSE:SCHW) last posted its quarterly earnings data on Monday, October 16th. The financial services provider reported $0.42 EPS for the quarter, topping the consensus estimate of $0.41 by $0.01. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.18 billion. Charles Schwab Corp had a net margin of 26.09% and a return on equity of 14.71%. Charles Schwab Corp’s revenue was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.35 EPS. Equities research analysts expect that Charles Schwab Corp will post $1.61 EPS for the current fiscal year.
A number of equities analysts recently issued reports on SCHW shares. Deutsche Bank AG decreased their price target on shares of Charles Schwab Corp from $47.00 to $46.00 and set a “buy” rating for the company in a research note on Tuesday, July 4th. Morgan Stanley reissued an “overweight” rating and issued a $48.00 price target (up from $45.00) on shares of Charles Schwab Corp in a research note on Monday, July 10th. Citigroup Inc. started coverage on shares of Charles Schwab Corp in a research note on Thursday, July 13th. They issued a “neutral” rating and a $46.00 price target for the company. Rosenblatt Securities started coverage on shares of Charles Schwab Corp in a research note on Thursday, July 13th. They issued a “neutral” rating and a $46.00 price target for the company. Finally, BidaskClub downgraded shares of Charles Schwab Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $46.80.
Charles Schwab Corp 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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