Quantbot Technologies LP Acquires Shares of 6,578 The Charles Schwab Corporation (SCHW)

Quantbot Technologies LP bought a new position in shares of The Charles Schwab Corporation (NYSE:SCHW) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,578 shares of the financial services provider’s stock, valued at approximately $268,000.

Several other institutional investors have also made changes to their positions in SCHW. Commerzbank Aktiengesellschaft FI acquired a new position in shares of The Charles Schwab Corporation during the fourth quarter worth $574,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of The Charles Schwab Corporation by 0.6% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 69,154 shares of the financial services provider’s stock worth $2,730,000 after buying an additional 394 shares in the last quarter. Private Advisor Group LLC increased its position in shares of The Charles Schwab Corporation by 48.8% in the fourth quarter. Private Advisor Group LLC now owns 26,837 shares of the financial services provider’s stock worth $1,109,000 after buying an additional 8,801 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of The Charles Schwab Corporation by 14.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,372,819 shares of the financial services provider’s stock worth $93,659,000 after buying an additional 294,012 shares in the last quarter. Finally, Tredje AP fonden increased its position in shares of The Charles Schwab Corporation by 9.2% in the fourth quarter. Tredje AP fonden now owns 95,699 shares of the financial services provider’s stock worth $3,777,000 after buying an additional 8,079 shares in the last quarter. 79.39% of the stock is owned by institutional investors and hedge funds.

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

Shares of The Charles Schwab Corporation (SCHW) opened at 42.46 on Tuesday. The Charles Schwab Corporation has a 52 week low of $23.83 and a 52 week high of $43.65. The stock has a market cap of $56.77 billion, a PE ratio of 30.11 and a beta of 1.63. The firm has a 50-day moving average of $39.97 and a 200 day moving average of $40.37.

The Charles Schwab Corporation (NYSE:SCHW) last released its quarterly earnings data on Tuesday, April 18th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The Charles Schwab Corporation had a net margin of 26.18% and a return on equity of 15.04%. The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same period last year, the business earned $0.29 earnings per share. The Charles Schwab Corporation’s revenue was up 18.0% compared to the same quarter last year. On average, equities analysts forecast that The Charles Schwab Corporation will post $1.63 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 26th. Investors of record on Friday, May 12th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Wednesday, May 10th. The Charles Schwab Corporation’s payout ratio is currently 22.86%.

WARNING: “Quantbot Technologies LP Acquires Shares of 6,578 The Charles Schwab Corporation (SCHW)” was published by Ticker Report and is owned by of Ticker Report. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. and international trademark and copyright law. The correct version of this news story can be accessed at https://www.tickerreport.com/banking-finance/2654973/quantbot-technologies-lp-acquires-shares-of-6578-the-charles-schwab-corporation-schw.html.

Several equities research analysts recently weighed in on SCHW shares. SunTrust Banks, Inc. reissued a “buy” rating and set a $44.00 price target on shares of The Charles Schwab Corporation in a research report on Tuesday, February 28th. Bank of America Corporation reissued a “buy” rating and set a $47.00 price target on shares of The Charles Schwab Corporation in a research report on Friday, March 3rd. Deutsche Bank AG reduced their price target on shares of The Charles Schwab Corporation from $47.00 to $46.00 and set a “buy” rating for the company in a research report on Thursday, April 6th. Keefe, Bruyette & Woods set a $44.00 price target on shares of The Charles Schwab Corporation and gave the company a “buy” rating in a research report on Monday, April 10th. Finally, Nomura reissued a “buy” rating and set a $46.00 price target on shares of The Charles Schwab Corporation in a research report on Tuesday, April 11th. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $42.00.

In other The Charles Schwab Corporation news, insider Walter W. Bettinger sold 15,056 shares of The Charles Schwab Corporation stock in a transaction dated Wednesday, April 19th. The shares were sold at an average price of $38.57, for a total transaction of $580,709.92. Following the completion of the sale, the insider now directly owns 277,464 shares in the company, valued at $10,701,786.48. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Charles R. Schwab sold 300,000 shares of The Charles Schwab Corporation stock in a transaction dated Wednesday, April 26th. The shares were sold at an average price of $40.25, for a total transaction of $12,075,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 357,824 shares of company stock valued at $14,318,351. 12.00% of the stock is owned by company insiders.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “SCHW”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding SCHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Charles Schwab Corporation (NYSE:SCHW).

Receive News & Ratings for The Charles Schwab Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Charles Schwab Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
President Trump Hurting Tourism in the U.S.
President Trump Hurting Tourism in the U.S.
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Blue Apron Filed Thursday for Public Offering
Blue Apron Filed Thursday for Public Offering
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Large Auto Lender Checked Just 8% of Incomes for Applicants
Large Auto Lender Checked Just 8% of Incomes for Applicants


Leave a Reply

© 2006-2017 Ticker Report. Google+.