Ngam Advisors L.P. increased its stake in shares of The Charles Schwab Corp. (NYSE:SCHW) by 12.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 387,963 shares of the company’s stock after buying an additional 41,898 shares during the period. Ngam Advisors L.P.’s holdings in The Charles Schwab Corp. were worth $12,248,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. West Coast Financial LLC boosted its stake in shares of The Charles Schwab Corp. by 1.5% in the second quarter. West Coast Financial LLC now owns 92,571 shares of the company’s stock valued at $2,343,000 after buying an additional 1,405 shares in the last quarter. Bank of Montreal Can acquired a new position in The Charles Schwab Corp. during the second quarter valued at $30,353,000. CI Global Investments Inc. raised its position in The Charles Schwab Corp. by 203.3% in the second quarter. CI Global Investments Inc. now owns 530,846 shares of the company’s stock valued at $13,436,000 after buying an additional 355,846 shares during the last quarter. First Manhattan Co. raised its position in The Charles Schwab Corp. by 36.6% in the second quarter. First Manhattan Co. now owns 1,493,865 shares of the company’s stock valued at $37,809,000 after buying an additional 400,350 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in The Charles Schwab Corp. by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 16,934,039 shares of the company’s stock valued at $428,601,000 after buying an additional 264,001 shares during the last quarter. 76.52% of the stock is owned by institutional investors.

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

The Charles Schwab Corp. (NYSE:SCHW) traded up 0.44% on Tuesday, reaching $38.52. 3,201,366 shares of the company’s stock traded hands. The stock has a market capitalization of $51.06 billion, a PE ratio of 31.06 and a beta of 1.68. The Charles Schwab Corp. has a 52-week low of $21.51 and a 52-week high of $39.22. The firm’s 50-day moving average is $33.85 and its 200 day moving average is $30.39.

The Charles Schwab Corp. (NYSE:SCHW) last issued its quarterly earnings results on Monday, October 17th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The Charles Schwab Corp. had a net margin of 24.77% and a return on equity of 13.64%. The firm earned $1.91 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the prior year, the firm earned $0.27 EPS. The business’s revenue was up 19.8% on a year-over-year basis. Analysts forecast that The Charles Schwab Corp. will post $1.29 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, November 28th. Shareholders of record on Monday, November 14th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date was Wednesday, November 9th. The Charles Schwab Corp.’s dividend payout ratio (DPR) is presently 22.95%.

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Several equities analysts recently weighed in on the stock. Citigroup Inc. upgraded shares of The Charles Schwab Corp. from a “neutral” rating to a “buy” rating in a report on Tuesday, November 22nd. Credit Suisse Group AG restated a “buy” rating on shares of The Charles Schwab Corp. in a report on Monday, October 24th. Argus restated a “buy” rating and set a $36.00 target price (up previously from $34.00) on shares of The Charles Schwab Corp. in a report on Friday, October 21st. Wells Fargo & Co. restated a “market perform” rating on shares of The Charles Schwab Corp. in a report on Tuesday, October 18th. Finally, SunTrust Banks Inc. upgraded shares of The Charles Schwab Corp. from a “neutral” rating to a “buy” rating and lifted their target price for the company from $32.00 to $33.00 in a report on Tuesday, October 18th. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $33.69.

In related news, EVP Bernard J. Clark sold 63,256 shares of The Charles Schwab Corp. stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $38.14, for a total transaction of $2,412,583.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Walter W. Bettinger sold 612,000 shares of The Charles Schwab Corp. stock in a transaction dated Wednesday, October 19th. The shares were sold at an average price of $32.65, for a total transaction of $19,981,800.00. Following the transaction, the insider now directly owns 956,459 shares of the company’s stock, valued at $31,228,386.35. The disclosure for this sale can be found here. 12.60% of the stock is currently owned by company insiders.

About The Charles Schwab Corp.

The Charles Schwab Corporation 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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