34620 Shares in The Charles Schwab Corporation (SCHW) Purchased by Gs Investments Inc. – TrueBlueTribune


Gs Investments Inc. acquired a new stake in shares of The Charles Schwab Corporation (NYSE:SCHW) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 34,620 shares of the financial services provider’s stock, valued at approximately $1,487,000.

A number of other hedge funds have also recently bought and sold shares of the business. WealthTrust Arizona LLC boosted its stake in shares of The Charles Schwab Corporation by 1.2% during the second quarter. WealthTrust Arizona LLC now owns 2,466 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 29 shares during the period. Lowe Brockenbrough & Co. Inc. boosted its stake in shares of The Charles Schwab Corporation by 0.9% during the second quarter. Lowe Brockenbrough & Co. Inc. now owns 6,770 shares of the financial services provider’s stock valued at $291,000 after purchasing an additional 62 shares during the period. Norway Savings Bank boosted its stake in shares of The Charles Schwab Corporation by 0.7% during the second quarter. Norway Savings Bank now owns 9,583 shares of the financial services provider’s stock valued at $412,000 after purchasing an additional 63 shares during the period. Atria Investments LLC boosted its stake in shares of The Charles Schwab Corporation by 0.4% during the second quarter. Atria Investments LLC now owns 15,025 shares of the financial services provider’s stock valued at $645,000 after purchasing an additional 65 shares during the period. Finally, Guardian Life Insurance Co. of America boosted its stake in shares of The Charles Schwab Corporation by 1.5% during the first quarter. Guardian Life Insurance Co. of America now owns 4,692 shares of the financial services provider’s stock valued at $191,000 after purchasing an additional 70 shares during the period. Institutional investors and hedge funds own 79.46% of the company’s stock.

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The Charles Schwab Corporation (SCHW) traded down 0.97% during trading on Friday, hitting $44.91. 5,233,009 shares of the stock traded hands. The company’s 50 day moving average price is $43.20 and its 200 day moving average price is $41.36. The company has a market cap of $60.13 billion, a P/E ratio of 28.61 and a beta of 1.68. The Charles Schwab Corporation has a 12 month low of $30.66 and a 12 month 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.01. The Charles Schwab Corporation had a return on equity of 16.07% and a net margin of 27.30%. The company had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same period last year, the firm earned $0.35 EPS. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. On average, equities research analysts anticipate that The Charles Schwab Corporation will post $1.62 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Friday, November 10th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Thursday, November 9th. The Charles Schwab Corporation’s dividend payout ratio (DPR) is presently 20.51%.

In related news, Chairman Charles R. Schwab sold 26,000 shares of The Charles Schwab Corporation stock in a transaction on Monday, July 31st. The stock was sold at an average price of $42.80, for a total value of $1,112,800.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Bernard J. Clark sold 75,244 shares of The Charles Schwab Corporation stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $43.98, for a total value of $3,309,231.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,067,798 shares of company stock worth $46,645,783. 12.00% of the stock is owned by insiders.

A number of analysts have recently issued reports on the stock. Deutsche Bank AG boosted their target price on shares of The Charles Schwab Corporation from $46.00 to $47.00 and gave the company a “hold” rating in a research note on Wednesday. BidaskClub lowered shares of The Charles Schwab Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 17th. Barclays PLC upped their price objective on shares of The Charles Schwab Corporation from $48.00 to $51.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 10th. Morgan Stanley upped their price objective on shares of The Charles Schwab Corporation from $51.00 to $53.00 and gave the stock an “overweight” rating in a research note on Thursday, October 5th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $47.00 price objective on shares of The Charles Schwab Corporation in a research note on Friday, September 15th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $47.07.

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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