The Charles Schwab Corporation (SCHW) Position Reduced by Ashfield Capital Partners LLC

Ashfield Capital Partners LLC lessened its stake in The Charles Schwab Corporation (NYSE:SCHW) by 14.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 105,426 shares of the financial services provider’s stock after selling 17,507 shares during the quarter. Ashfield Capital Partners LLC’s holdings in The Charles Schwab Corporation were worth $4,611,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of SCHW. Partners Capital Investment Group Holdings LLC increased its holdings in The Charles Schwab Corporation by 6.9% in the 1st quarter. Partners Capital Investment Group Holdings LLC now owns 553,644 shares of the financial services provider’s stock worth $22,594,000 after acquiring an additional 35,977 shares in the last quarter. Gotham Asset Management LLC increased its holdings in The Charles Schwab Corporation by 62.0% in the 1st quarter. Gotham Asset Management LLC now owns 48,861 shares of the financial services provider’s stock worth $1,994,000 after acquiring an additional 18,693 shares in the last quarter. BlueCrest Capital Management Ltd increased its holdings in The Charles Schwab Corporation by 41.4% in the 1st quarter. BlueCrest Capital Management Ltd now owns 115,964 shares of the financial services provider’s stock worth $4,732,000 after acquiring an additional 33,972 shares in the last quarter. AQR Capital Management LLC increased its holdings in The Charles Schwab Corporation by 2,473.3% in the 1st quarter. AQR Capital Management LLC now owns 130,134 shares of the financial services provider’s stock worth $5,311,000 after acquiring an additional 125,077 shares in the last quarter. Finally, Paloma Partners Management Co increased its holdings in The Charles Schwab Corporation by 417.8% in the 1st quarter. Paloma Partners Management Co now owns 32,619 shares of the financial services provider’s stock worth $1,331,000 after acquiring an additional 26,319 shares in the last quarter. 79.41% of the stock is owned by institutional investors.

In other The Charles Schwab Corporation news, EVP Terri R. Kallsen sold 1,000 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $38.99, for a total transaction of $38,990.00. Following the sale, the executive vice president now directly owns 5,212 shares in the company, valued at $203,215.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Terri R. Kallsen sold 815 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $43.97, for a total transaction of $35,835.55. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 573,095 shares of company stock worth $25,552,240. 12.00% of the stock is owned by insiders.

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Shares of The Charles Schwab Corporation (SCHW) traded down $0.05 on Thursday, reaching $44.54. 6,834,800 shares of the company traded hands, compared to its average volume of 7,085,955. The stock has a market cap of $60,020.00, a price-to-earnings ratio of 28.58, a P/E/G ratio of 1.89 and a beta of 1.74. The Charles Schwab Corporation has a 12-month low of $36.35 and a 12-month high of $46.21. 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 Corporation (NYSE:SCHW) last issued 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 analyst estimates of $2.18 billion. The Charles Schwab Corporation had a net margin of 27.30% and a return on equity of 15.77%. The Charles Schwab Corporation’s revenue was up 13.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.35 EPS. research analysts anticipate that The Charles Schwab Corporation will post 1.62 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Friday, November 10th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.32 annualized dividend and a yield of 0.72%. The Charles Schwab Corporation’s dividend payout ratio (DPR) is currently 20.51%.

Several equities research analysts have issued reports on the stock. BidaskClub cut shares of The Charles Schwab Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Argus reaffirmed a “buy” rating and set a $48.00 target price (up previously from $46.00) on shares of The Charles Schwab Corporation in a research note on Friday, July 21st. Instinet reaffirmed a “neutral” rating and set a $43.00 target price (down previously from $46.00) on shares of The Charles Schwab Corporation in a research note on Monday, July 24th. Nomura cut shares of The Charles Schwab Corporation from a “buy” rating to a “neutral” rating in a research note on Monday, July 24th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $51.00 target price (up previously from $48.00) on shares of The Charles Schwab Corporation in a research note on Tuesday, July 25th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $47.07.

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.

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

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