Atlantic Trust Group LLC lifted its holdings in Charles Schwab Corp (NYSE:SCHW) by 851.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,492,315 shares of the financial services provider’s stock after buying an additional 1,335,522 shares during the quarter. Atlantic Trust Group LLC owned approximately 0.11% of Charles Schwab worth $65,274,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Fiduciary Trust Co. purchased a new stake in shares of Charles Schwab during the 2nd quarter valued at about $163,000. Zions Bancorporation increased its position in shares of Charles Schwab by 1,545.3% during the 3rd quarter. Zions Bancorporation now owns 3,817 shares of the financial services provider’s stock valued at $167,000 after purchasing an additional 3,585 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Charles Schwab by 31.4% during the 2nd quarter. Quadrant Capital Group LLC now owns 4,531 shares of the financial services provider’s stock valued at $168,000 after purchasing an additional 1,082 shares during the last quarter. Paradigm Asset Management Co. LLC increased its holdings in Charles Schwab by 4.7% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 4,450 shares of the financial services provider’s stock worth $191,000 after acquiring an additional 200 shares in the last quarter. Finally, NBT Bank N A NY purchased a new stake in Charles Schwab in the 2nd quarter worth approximately $205,000. Institutional investors own 79.54% of the company’s stock.
In other Charles Schwab news, Chairman Charles R. Schwab sold 225,000 shares of Charles Schwab 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Marie A. Chandoha sold 7,000 shares of Charles Schwab stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $45.59, for a total value of $319,130.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,658,531 shares of company stock worth $77,397,901. Insiders own 12.00% of the company’s stock.
Charles Schwab Corp (NYSE:SCHW) traded up $1.22 during trading hours on Friday, hitting $55.39. The stock had a trading volume of 7,515,778 shares, compared to its average volume of 6,820,000. Charles Schwab Corp has a fifty-two week low of $37.16 and a fifty-two week high of $55.52. The company has a market capitalization of $74,170.00, a P/E ratio of 35.51, a price-to-earnings-growth ratio of 1.43 and a beta of 1.75. 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 released its earnings results on Wednesday, October 18th. The financial services provider reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.01. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.18 billion. Charles Schwab had a return on equity of 15.77% and a net margin of 27.30%. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period last year, the company earned $0.35 earnings per share. analysts forecast that Charles Schwab Corp will post 1.61 EPS for the current fiscal year.
Several research firms recently issued reports on SCHW. Credit Suisse Group reissued a “buy” rating and issued a $64.00 target price on shares of Charles Schwab in a report on Friday. Citigroup reissued a “buy” rating and issued a $60.00 target price (up from $52.00) on shares of Charles Schwab in a report on Tuesday. Zacks Investment Research raised shares of Charles Schwab from a “hold” rating to a “strong-buy” rating and set a $60.00 price objective for the company in a report on Friday, January 5th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $55.00 price objective (up from $47.00) on shares of Charles Schwab in a report on Thursday, January 4th. Finally, JMP Securities lowered shares of Charles Schwab from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 3rd. Six investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $51.81.
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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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