Alyeska Investment Group L.P. bought a new position in The Charles Schwab Corporation (NYSE:SCHW) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 364,915 shares of the financial services provider’s stock, valued at approximately $15,961,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Capital Research Global Investors grew its position in shares of The Charles Schwab by 86.3% in the second quarter. Capital Research Global Investors now owns 24,237,199 shares of the financial services provider’s stock valued at $1,041,230,000 after purchasing an additional 11,224,199 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of The Charles Schwab by 1,766.9% in the second quarter. Janus Henderson Group PLC now owns 9,357,736 shares of the financial services provider’s stock valued at $402,011,000 after purchasing an additional 8,856,483 shares in the last quarter. FMR LLC grew its position in shares of The Charles Schwab by 11.3% in the second quarter. FMR LLC now owns 30,766,004 shares of the financial services provider’s stock valued at $1,321,708,000 after purchasing an additional 3,128,532 shares in the last quarter. Vanguard Group Inc. grew its position in shares of The Charles Schwab by 3.2% in the second quarter. Vanguard Group Inc. now owns 81,925,586 shares of the financial services provider’s stock valued at $3,519,523,000 after purchasing an additional 2,536,947 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. grew its position in shares of The Charles Schwab by 90.2% in the third quarter. Amundi Pioneer Asset Management Inc. now owns 4,887,840 shares of the financial services provider’s stock valued at $213,794,000 after purchasing an additional 2,318,498 shares in the last quarter. 79.84% of the stock is owned by institutional investors and hedge funds.

The Charles Schwab Corporation (NYSE SCHW) traded up $0.31 during trading hours on Monday, reaching $51.39. The company had a trading volume of 6,265,900 shares, compared to its average volume of 7,070,590. The company has a market capitalization of $68,820.00, a price-to-earnings ratio of 32.94, a price-to-earnings-growth ratio of 2.19 and a beta of 1.74. The Charles Schwab Corporation has a 12 month low of $37.16 and a 12 month high of $51.89. The company has a quick ratio of 0.30, a current ratio of 0.31 and a debt-to-equity ratio of 0.21.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 24th. Investors of record on Friday, November 10th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend was Thursday, November 9th. The Charles Schwab’s dividend payout ratio is 20.51%.

In related news, insider Marie A. Chandoha sold 6,018 shares of The Charles Schwab stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $44.06, for a total transaction of $265,153.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Charles R. Schwab sold 350,000 shares of The Charles Schwab stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $44.65, for a total value of $15,627,500.00. The disclosure for this sale can be found here. Insiders have sold 1,778,324 shares of company stock valued at $82,710,964 in the last three months. 12.00% of the stock is owned by corporate insiders.

Several brokerages have recently weighed in on SCHW. Credit Suisse Group began coverage on The Charles Schwab in a research report on Thursday, November 30th. They issued an “outperform” rating and a $55.00 price target for the company. Barclays lifted their price target on The Charles Schwab from $48.00 to $51.00 and gave the company an “overweight” rating in a research report on Tuesday, October 10th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $47.00 price target on shares of The Charles Schwab in a research report on Friday, September 15th. Deutsche Bank lifted their price target on The Charles Schwab from $46.00 to $47.00 and gave the company a “hold” rating in a research report on Wednesday, October 25th. Finally, BidaskClub upgraded The Charles Schwab from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 10th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The Charles Schwab has a consensus rating of “Buy” and a consensus price target of $47.56.

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The Charles Schwab 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 (NYSE:SCHW)

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