The Charles Schwab Corporation (SCHW) Holdings Boosted by Hillhouse Capital Management Ltd.
Hillhouse Capital Management Ltd. grew its stake in The Charles Schwab Corporation (NYSE:SCHW) by 18.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 339,782 shares of the financial services provider’s stock after purchasing an additional 52,900 shares during the quarter. The Charles Schwab Corporation makes up 0.2% of Hillhouse Capital Management Ltd.’s holdings, making the stock its 28th biggest position. Hillhouse Capital Management Ltd.’s holdings in The Charles Schwab Corporation were worth $14,597,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in SCHW. WealthTrust Arizona LLC raised its position in shares of The Charles Schwab Corporation by 1.2% during the 2nd quarter. WealthTrust Arizona LLC now owns 2,466 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 29 shares during the last quarter. Shine Investment Advisory Services Inc. purchased a new stake in The Charles Schwab Corporation during the 2nd quarter worth approximately $145,000. Founders Capital Management purchased a new stake in The Charles Schwab Corporation during the 1st quarter worth approximately $159,000. Fiduciary Trust Co. purchased a new stake in The Charles Schwab Corporation during the 2nd quarter worth approximately $163,000. Finally, Guardian Life Insurance Co. of America increased its stake in The Charles Schwab Corporation by 1.5% during the 1st quarter. Guardian Life Insurance Co. of America now owns 4,692 shares of the financial services provider’s stock worth $191,000 after buying an additional 70 shares in the last quarter. Institutional investors and hedge funds own 79.53% of the company’s stock.
Shares of The Charles Schwab Corporation (NYSE SCHW) traded up 0.16% during trading on Wednesday, hitting $44.53. The stock had a trading volume of 1,672,233 shares. The Charles Schwab Corporation has a 12-month low of $30.66 and a 12-month high of $44.61. The firm has a market cap of $59.63 billion, a price-to-earnings ratio of 29.89 and a beta of 1.68. The stock has a 50-day moving average of $40.69 and a 200 day moving average of $40.81.
The Charles Schwab Corporation (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.13 billion. The Charles Schwab Corporation had a return on equity of 15.41% and a net margin of 26.73%. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.30 EPS. On average, analysts predict that The Charles Schwab Corporation will post $1.62 earnings per share for the current fiscal year.
Several equities analysts have recently weighed in on the company. Wells Fargo & Company restated a “market perform” rating and issued a $44.00 target price (up previously from $42.00) on shares of The Charles Schwab Corporation in a research report on Monday, June 12th. BidaskClub upgraded The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $46.00 price objective on shares of The Charles Schwab Corporation in a research note on Friday, June 16th. William Blair reaffirmed an “outperform” rating on shares of The Charles Schwab Corporation in a research note on Friday, June 16th. Finally, Deutsche Bank AG dropped their target price on shares of The Charles Schwab Corporation from $47.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday, July 4th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $45.47.
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In other news, insider Marie A. Chandoha sold 4,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $44.50, for a total transaction of $200,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Terri R. Kallsen sold 2,000 shares of The Charles Schwab Corporation stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $43.07, for a total transaction of $86,140.00. Following the completion of the sale, the executive vice president now owns 5,212 shares of the company’s stock, valued at approximately $224,480.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 999,648 shares of company stock valued at $43,023,177. Insiders own 12.00% of the company’s stock.
The Charles Schwab Corporation Company 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.
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