Nikko Asset Management Americas Inc. boosted its position in The Charles Schwab Corporation (NYSE:SCHW) by 980.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 254,000 shares of the financial services provider’s stock after buying an additional 230,500 shares during the period. Nikko Asset Management Americas Inc.’s holdings in The Charles Schwab Corporation were worth $10,912,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of SCHW. WealthTrust Arizona LLC raised its stake in The Charles Schwab Corporation by 1.2% in the second quarter. WealthTrust Arizona LLC now owns 2,466 shares of the financial services provider’s stock valued at $106,000 after buying an additional 29 shares during the period. First Bank & Trust raised its stake in shares of The Charles Schwab Corporation by 3.6% in the first quarter. First Bank & Trust now owns 3,125 shares of the financial services provider’s stock valued at $128,000 after buying an additional 109 shares during the last quarter. YorkBridge Wealth Partners LLC raised its stake in shares of The Charles Schwab Corporation by 9.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 3,267 shares of the financial services provider’s stock valued at $131,000 after buying an additional 287 shares during the last quarter. Shine Investment Advisory Services Inc. acquired a new stake in shares of The Charles Schwab Corporation during the second quarter valued at approximately $145,000. Finally, FTB Advisors Inc. raised its stake in shares of The Charles Schwab Corporation by 365.8% in the first quarter. FTB Advisors Inc. now owns 3,852 shares of the financial services provider’s stock valued at $151,000 after buying an additional 3,025 shares during the last quarter. 79.45% of the stock is currently owned by institutional investors and hedge funds.
The Charles Schwab Corporation (NYSE SCHW) opened at 39.76 on Thursday. The firm has a market capitalization of $53.24 billion, a price-to-earnings ratio of 26.68 and a beta of 1.63. The company has a 50-day moving average of $42.12 and a 200 day moving average of $40.96. The Charles Schwab Corporation has a one year low of $29.86 and a one year high of $44.10.
The Charles Schwab Corporation (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.13 billion. The Charles Schwab Corporation had a return on equity of 15.41% and a net margin of 26.73%. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 earnings per share. On average, analysts anticipate that The Charles Schwab Corporation will post $1.61 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, August 11th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Wednesday, August 9th. The Charles Schwab Corporation’s dividend payout ratio is presently 21.48%.
COPYRIGHT VIOLATION WARNING: “Nikko Asset Management Americas Inc. Purchases 230,500 Shares of The Charles Schwab Corporation (SCHW)” was first published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this piece of content on another website, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be read at https://stocknewstimes.com/2017/08/24/nikko-asset-management-americas-inc-purchases-230500-shares-of-the-charles-schwab-corporation-schw.html.
A number of brokerages recently commented on SCHW. BidaskClub downgraded The Charles Schwab Corporation from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Citigroup Inc. started coverage on The Charles Schwab Corporation in a research note on Thursday, July 13th. They issued a “neutral” rating and a $46.00 price objective for the company. Rosenblatt Securities initiated coverage on The Charles Schwab Corporation in a research note on Thursday, July 13th. They issued a “neutral” rating and a $46.00 price objective for the company. Deutsche Bank AG downgraded The Charles Schwab Corporation from a “buy” rating to a “hold” rating and lifted their price target for the stock from $40.00 to $43.00 in a report on Tuesday, July 11th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and set a $44.00 price target (up from $42.00) on shares of The Charles Schwab Corporation in a report on Monday, June 12th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $44.00.
In other The Charles Schwab Corporation news, insider Marie A. Chandoha sold 7,002 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $41.96, for a total transaction of $293,803.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Charles R. Schwab sold 26,000 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $42.80, for a total value of $1,112,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 924,122 shares of company stock valued at $39,694,987. 12.00% of the stock is owned by insiders.
About The Charles Schwab Corporation
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.
Want to see what other hedge funds are holding SCHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Charles Schwab Corporation (NYSE:SCHW).
Receive News & Ratings for The Charles Schwab Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Charles Schwab Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
