National Pension Service raised its position in shares of Charles Schwab Corp (NYSE:SCHW) by 2.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,034,975 shares of the financial services provider’s stock after purchasing an additional 23,491 shares during the period. National Pension Service’s holdings in Charles Schwab were worth $53,167,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SCHW. Oppenheimer & Co. Inc. raised its position in shares of Charles Schwab by 3.2% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 7,370 shares of the financial services provider’s stock worth $316,000 after buying an additional 226 shares in the last quarter. Schroder Investment Management Group raised its position in shares of Charles Schwab by 24.4% during the 2nd quarter. Schroder Investment Management Group now owns 116,321 shares of the financial services provider’s stock worth $5,003,000 after buying an additional 22,824 shares in the last quarter. CIBC World Markets Inc. bought a new stake in shares of Charles Schwab during the 2nd quarter worth about $282,000. Riverhead Capital Management LLC raised its position in shares of Charles Schwab by 12.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 17,112 shares of the financial services provider’s stock worth $735,000 after buying an additional 1,940 shares in the last quarter. Finally, Thrivent Financial For Lutherans raised its position in shares of Charles Schwab by 3.1% during the 2nd quarter. Thrivent Financial For Lutherans now owns 46,035 shares of the financial services provider’s stock worth $1,978,000 after buying an additional 1,400 shares in the last quarter. 79.59% of the stock is owned by hedge funds and other institutional investors.

In other news, CFO Peter B. Crawford sold 12,459 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $51.58, for a total transaction of $642,635.22. Following the sale, the chief financial officer now owns 7,652 shares in the company, valued at $394,690.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Terri R. Kallsen sold 2,026 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $51.30, for a total transaction of $103,933.80. Following the sale, the executive vice president now owns 1,706 shares in the company, valued at approximately $87,517.80. The disclosure for this sale can be found here. Insiders sold a total of 1,658,531 shares of company stock worth $77,397,901 over the last quarter. Insiders own 12.00% of the company’s stock.

Shares of Charles Schwab Corp (NYSE SCHW) opened at $55.53 on Wednesday. The company has a quick ratio of 0.30, a current ratio of 0.31 and a debt-to-equity ratio of 0.21. Charles Schwab Corp has a fifty-two week low of $37.16 and a fifty-two week high of $56.13. The company has a market cap of $74,360.00, a P/E ratio of 35.60, a P/E/G ratio of 1.38 and a beta of 1.75.

Charles Schwab (NYSE:SCHW) last released its earnings results on Wednesday, October 18th. The financial services provider reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. Charles Schwab had a net margin of 27.30% and a return on equity of 15.77%. The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the previous year, the firm earned $0.35 EPS. The business’s revenue for the quarter was up 13.1% on a year-over-year basis. analysts predict that Charles Schwab Corp will post 1.61 earnings per share for the current fiscal year.

A number of research firms have commented on SCHW. Citigroup restated a “buy” rating and set a $60.00 price target (up from $52.00) on shares of Charles Schwab in a research report on Tuesday, January 9th. JMP Securities downgraded shares of Charles Schwab from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 3rd. BidaskClub upgraded shares of Charles Schwab from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. SunTrust Banks boosted their price target on shares of Charles Schwab to $56.00 and gave the stock an “average” rating in a research report on Friday, December 15th. They noted that the move was a valuation call. Finally, Credit Suisse Group started coverage on shares of Charles Schwab in a report on Thursday, November 30th. They issued an “outperform” rating and a $55.00 target price on the stock. Six research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Charles Schwab currently has a consensus rating of “Buy” and a consensus target price of $51.81.

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

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