18,531 Shares in Charles Schwab Co. Common Stock (SCHW) Acquired by Ostrum Asset Management

Ostrum Asset Management bought a new stake in Charles Schwab Co. Common Stock (NYSE:SCHW) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 18,531 shares of the financial services provider’s stock, valued at approximately $968,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Daiwa Securities Group Inc. grew its holdings in shares of Charles Schwab Co. Common Stock by 4.8% in the 4th quarter. Daiwa Securities Group Inc. now owns 37,871 shares of the financial services provider’s stock worth $1,945,000 after acquiring an additional 1,729 shares during the last quarter. KBC Group NV grew its holdings in shares of Charles Schwab Co. Common Stock by 28.6% in the 4th quarter. KBC Group NV now owns 188,545 shares of the financial services provider’s stock worth $9,686,000 after acquiring an additional 41,903 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of Charles Schwab Co. Common Stock by 172.6% in the 4th quarter. Oppenheimer & Co. Inc. now owns 15,035 shares of the financial services provider’s stock worth $772,000 after acquiring an additional 9,519 shares during the last quarter. Candriam Luxembourg S.C.A. grew its holdings in shares of Charles Schwab Co. Common Stock by 4.5% in the 4th quarter. Candriam Luxembourg S.C.A. now owns 81,050 shares of the financial services provider’s stock worth $4,164,000 after acquiring an additional 3,454 shares during the last quarter. Finally, Penserra Capital Management LLC grew its holdings in shares of Charles Schwab Co. Common Stock by 1,489.7% in the 4th quarter. Penserra Capital Management LLC now owns 59,900 shares of the financial services provider’s stock worth $3,077,000 after acquiring an additional 56,132 shares during the last quarter. Hedge funds and other institutional investors own 80.22% of the company’s stock.

In other Charles Schwab Co. Common Stock news, Director Mark A. Goldfarb sold 2,174 shares of the firm’s stock in a transaction dated Friday, June 1st. The stock was sold at an average price of $56.67, for a total transaction of $123,200.58. Following the transaction, the director now directly owns 5,045 shares in the company, valued at $285,900.15. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Charles R. Schwab sold 450,000 shares of the firm’s stock in a transaction dated Monday, May 7th. The shares were sold at an average price of $56.65, for a total value of $25,492,500.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,250,141 shares of company stock valued at $127,562,386. Insiders own 11.50% of the company’s stock.



SCHW opened at $57.31 on Wednesday. The firm has a market cap of $77.46 billion, a P/E ratio of 34.95, a PEG ratio of 1.41 and a beta of 1.51. Charles Schwab Co. Common Stock has a 1 year low of $38.06 and a 1 year high of $60.22. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.25.

Charles Schwab Co. Common Stock (NYSE:SCHW) last released its quarterly earnings data on Monday, April 16th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.38 billion. Charles Schwab Co. Common Stock had a return on equity of 16.84% and a net margin of 28.80%. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 earnings per share. analysts predict that Charles Schwab Co. Common Stock will post 2.43 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 25th. Investors of record on Friday, May 11th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, May 10th. This represents a $0.40 dividend on an annualized basis and a yield of 0.70%. Charles Schwab Co. Common Stock’s payout ratio is 24.39%.

A number of equities analysts recently issued reports on SCHW shares. Morgan Stanley decreased their target price on Charles Schwab Co. Common Stock from $65.00 to $63.00 and set an “overweight” rating on the stock in a report on Wednesday, April 25th. Zacks Investment Research cut Charles Schwab Co. Common Stock from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Credit Suisse Group decreased their target price on Charles Schwab Co. Common Stock from $69.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, April 11th. Deutsche Bank decreased their target price on Charles Schwab Co. Common Stock from $55.00 to $54.00 and set a “hold” rating for the company in a research report on Friday, April 6th. Finally, ValuEngine raised Charles Schwab Co. Common Stock from a “hold” rating to a “buy” rating in a research report on Friday, April 27th. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company. Charles Schwab Co. Common Stock has an average rating of “Hold” and an average target price of $55.81.

Charles Schwab Co. Common Stock Profile

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.

Institutional Ownership by Quarter for Charles Schwab Co. Common Stock (NYSE:SCHW)

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