The Charles Schwab Corporation (SCHW) Position Increased by Cramer Rosenthal Mcglynn LLC

Cramer Rosenthal Mcglynn LLC boosted its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 33.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 231,770 shares of the financial services provider’s stock after purchasing an additional 57,735 shares during the quarter. Cramer Rosenthal Mcglynn LLC’s holdings in The Charles Schwab were worth $10,138,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in SCHW. Capital Research Global Investors boosted its holdings in shares of The Charles Schwab by 86.3% during the 2nd 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 acquiring an additional 11,224,199 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of The Charles Schwab by 1,766.9% during the 2nd quarter. Janus Henderson Group PLC now owns 9,357,736 shares of the financial services provider’s stock valued at $402,011,000 after acquiring an additional 8,856,483 shares during the last quarter. FMR LLC boosted its holdings in shares of The Charles Schwab by 11.3% during the 2nd quarter. FMR LLC now owns 30,766,004 shares of the financial services provider’s stock valued at $1,321,708,000 after acquiring an additional 3,128,532 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of The Charles Schwab by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 81,925,586 shares of the financial services provider’s stock valued at $3,519,523,000 after acquiring an additional 2,536,947 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. boosted its holdings in shares of The Charles Schwab by 90.2% during the 3rd 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 acquiring an additional 2,318,498 shares during the last quarter. 79.84% of the stock is currently owned by institutional investors.

The Charles Schwab Corporation (NYSE:SCHW) traded down $0.24 during midday trading on Thursday, reaching $50.54. 6,505,300 shares of the company’s stock were exchanged, compared to its average volume of 7,080,912. The Charles Schwab Corporation has a 12 month low of $37.16 and a 12 month high of $51.89. The company has a market cap of $68,074.45, a PE ratio of 32.55, a price-to-earnings-growth ratio of 2.16 and a beta of 1.74. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.30 and a current ratio of 0.31.

The Charles Schwab (NYSE:SCHW) last released its quarterly earnings data 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 firm had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.18 billion. The Charles Schwab had a net margin of 27.30% and a return on equity of 15.77%. The company’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 earnings per share. sell-side analysts predict that The Charles Schwab Corporation will post 1.62 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Friday, November 10th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend was Thursday, November 9th. The Charles Schwab’s payout ratio is currently 20.51%.

SCHW has been the topic of a number of recent analyst reports. BidaskClub raised shares of The Charles Schwab from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $47.00 price target on shares of The Charles Schwab in a report on Friday, September 15th. Jefferies Group reaffirmed a “buy” rating and set a $49.00 price target on shares of The Charles Schwab in a report on Friday, September 15th. Deutsche Bank increased their price objective on shares of The Charles Schwab from $46.00 to $47.00 and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Finally, Credit Suisse Group began coverage on shares of The Charles Schwab in a research note on Thursday, November 30th. They issued an “outperform” rating and a $55.00 price objective on the stock. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $47.56.

In other The Charles Schwab news, EVP Bernard J. Clark sold 75,244 shares of The Charles Schwab stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $43.98, for a total transaction of $3,309,231.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Charles R. Schwab sold 350,000 shares of The Charles Schwab stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $44.65, for a total transaction of $15,627,500.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,765,865 shares of company stock worth $82,068,328. Company insiders own 12.00% of the company’s stock.

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About The Charles Schwab

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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