Macquarie Group Ltd. Increases Holdings in The Charles Schwab Corporation (SCHW)

Macquarie Group Ltd. boosted its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 9.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,462,242 shares of the financial services provider’s stock after acquiring an additional 298,508 shares during the quarter. Macquarie Group Ltd. owned 0.26% of The Charles Schwab Corporation worth $151,438,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in SCHW. Credit Suisse AG boosted its position in The Charles Schwab Corporation by 0.6% during the 1st quarter. Credit Suisse AG now owns 1,939,947 shares of the financial services provider’s stock worth $79,170,000 after acquiring an additional 12,186 shares during the period. Farmhouse Investment Management LLC acquired a new stake in The Charles Schwab Corporation during the 1st quarter worth about $16,892,000. Ironwood Investment Management LLC lifted its holdings in shares of The Charles Schwab Corporation by 1.2% during the 1st quarter. Ironwood Investment Management LLC now owns 8,019 shares of the financial services provider’s stock valued at $327,000 after buying an additional 92 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in shares of The Charles Schwab Corporation by 10.8% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 39,332 shares of the financial services provider’s stock valued at $1,605,000 after buying an additional 3,832 shares during the last quarter. Finally, Waddell & Reed Financial Inc. lifted its holdings in shares of The Charles Schwab Corporation by 69.3% during the 1st quarter. Waddell & Reed Financial Inc. now owns 6,367,351 shares of the financial services provider’s stock valued at $259,851,000 after buying an additional 2,605,949 shares during the last quarter. Hedge funds and other institutional investors own 79.41% of the company’s stock.

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In other news, EVP Terri R. Kallsen sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $38.99, for a total transaction of $38,990.00. Following the sale, the executive vice president now directly owns 5,212 shares in the company, valued at $203,215.88. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Walter W. Bettinger acquired 72,510 shares of the stock in a transaction dated Tuesday, November 7th. The shares were purchased at an average price of $27.21 per share, for a total transaction of $1,972,997.10. Following the completion of the transaction, the insider now owns 41,330 shares of the company’s stock, valued at approximately $1,124,589.30. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 923,095 shares of company stock worth $41,179,740. Company insiders own 12.00% of the company’s stock.

Several brokerages have recently issued reports on SCHW. Deutsche Bank AG lifted their price target on The Charles Schwab Corporation from $46.00 to $47.00 and gave the company a “hold” rating in a report on Wednesday, October 25th. BidaskClub lowered The Charles Schwab Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 17th. Barclays PLC lifted their price target on The Charles Schwab Corporation from $48.00 to $51.00 and gave the company an “overweight” rating in a report on Tuesday, October 10th. Morgan Stanley lifted their price target on The Charles Schwab Corporation from $51.00 to $53.00 and gave the company an “overweight” rating in a report on Thursday, October 5th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $47.00 price target on shares of The Charles Schwab Corporation in a report on Friday, September 15th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The Charles Schwab Corporation currently has an average rating of “Buy” and a consensus target price of $47.07.

Shares of The Charles Schwab Corporation (NYSE SCHW) traded up $0.10 during midday trading on Friday, reaching $44.64. The company’s stock had a trading volume of 3,842,300 shares, compared to its average volume of 7,071,344. The company has a current ratio of 0.31, a quick ratio of 0.30 and a debt-to-equity ratio of 0.21. The company has a market cap of $59,900.00, a P/E ratio of 28.55, a P/E/G ratio of 1.89 and a beta of 1.74. The Charles Schwab Corporation has a 52 week low of $36.35 and a 52 week high of $46.21.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Friday, November 10th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.72%. The ex-dividend date is Thursday, November 9th. The Charles Schwab Corporation’s dividend payout ratio is currently 20.51%.

The Charles Schwab Corporation 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.

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

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