Teachers Advisors LLC boosted its holdings in Charles Schwab Corp (NYSE:SCHW) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,004,962 shares of the financial services provider’s stock after purchasing an additional 25,719 shares during the quarter. Teachers Advisors LLC owned about 0.15% of Charles Schwab worth $102,995,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. BlackRock Inc. grew its holdings in shares of Charles Schwab by 5.2% during the fourth quarter. BlackRock Inc. now owns 79,858,312 shares of the financial services provider’s stock valued at $4,102,323,000 after buying an additional 3,943,376 shares during the last quarter. Maverick Capital Ltd. purchased a new stake in shares of Charles Schwab during the fourth quarter valued at approximately $161,834,000. Amundi Pioneer Asset Management Inc. grew its holdings in shares of Charles Schwab by 90.2% during the third 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 buying an additional 2,318,498 shares during the last quarter. Edgewood Management LLC lifted its position in Charles Schwab by 8.4% during the third quarter. Edgewood Management LLC now owns 20,125,345 shares of the financial services provider’s stock valued at $880,283,000 after purchasing an additional 1,559,733 shares during the period. Finally, Atlantic Trust Group LLC lifted its position in Charles Schwab by 851.8% during the third quarter. Atlantic Trust Group LLC now owns 1,492,315 shares of the financial services provider’s stock valued at $65,274,000 after purchasing an additional 1,335,522 shares during the period. Institutional investors and hedge funds own 80.60% of the company’s stock.
A number of research analysts recently weighed in on the stock. Credit Suisse Group lowered their price objective on shares of Charles Schwab from $70.00 to $69.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. Citigroup downgraded shares of Charles Schwab from a “neutral” rating to a “sell” rating and set a $49.00 price objective on the stock. in a research report on Wednesday, February 7th. Morgan Stanley increased their price objective on shares of Charles Schwab from $61.00 to $63.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th. SunTrust Banks restated a “buy” rating on shares of Charles Schwab in a research report on Wednesday, February 14th. Finally, Nomura restated a “neutral” rating and set a $54.00 price objective (up previously from $50.00) on shares of Charles Schwab in a research report on Thursday, January 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. Charles Schwab has an average rating of “Hold” and an average price target of $54.64.
Shares of Charles Schwab Corp (NYSE SCHW) opened at $56.68 on Wednesday. The company has a market cap of $77,772.27, a price-to-earnings ratio of 35.20, a PEG ratio of 1.42 and a beta of 1.58. Charles Schwab Corp has a 52-week low of $37.16 and a 52-week high of $58.11. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.30 and a current ratio of 0.31.
Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.03. The firm had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.24 billion. Charles Schwab had a net margin of 27.32% and a return on equity of 16.03%. The company’s revenue was up 13.7% on a year-over-year basis. During the same period last year, the firm earned $0.36 EPS. analysts anticipate that Charles Schwab Corp will post 2.4 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.71%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Thursday, February 8th. Charles Schwab’s dividend payout ratio (DPR) is presently 24.84%.
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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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