Bamco Inc. NY Raises Position in The Charles Schwab Corporation (SCHW)

Bamco Inc. NY boosted its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 1.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,702,472 shares of the financial services provider’s stock after buying an additional 107,596 shares during the quarter. The Charles Schwab makes up approximately 1.4% of Bamco Inc. NY’s investment portfolio, making the stock its 15th biggest holding. Bamco Inc. NY owned about 0.50% of The Charles Schwab worth $293,166,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of SCHW. Capital Research Global Investors increased its holdings in The Charles Schwab by 86.3% during 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 buying an additional 11,224,199 shares during the period. Janus Henderson Group PLC grew its holdings in 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 worth $402,011,000 after purchasing an additional 8,856,483 shares during the last quarter. FMR LLC grew its holdings in 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 worth $1,321,708,000 after purchasing an additional 3,128,532 shares during the last quarter. Vanguard Group Inc. grew its holdings in 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 worth $3,519,523,000 after purchasing an additional 2,536,947 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. grew its holdings in 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 worth $213,794,000 after purchasing an additional 2,318,498 shares during the last quarter. 79.84% of the stock is currently owned by institutional investors.

Several research firms have issued reports on SCHW. BidaskClub lowered shares of The Charles Schwab from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued 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 issued a $49.00 price target on shares of The Charles Schwab in a report on Friday, September 15th. Barclays began coverage on shares of The Charles Schwab in a report on Friday, September 8th. They issued an “overweight” rating and a $48.00 price target on the stock. Finally, Credit Suisse Group began coverage on shares of The Charles Schwab in a report on Thursday, November 30th. They issued an “outperform” rating and a $55.00 price target on the stock. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $47.56.

In other news, Chairman Charles R. Schwab sold 350,000 shares of The Charles Schwab stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $44.65, for a total transaction of $15,627,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Bernard J. Clark sold 75,244 shares of The Charles Schwab stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $43.98, for a total transaction of $3,309,231.12. The disclosure for this sale can be found here. Insiders have sold 1,778,324 shares of company stock valued at $82,710,964 over the last quarter. Insiders own 12.00% of the company’s stock.

The Charles Schwab Corporation (SCHW) traded up $0.31 during trading hours on Monday, hitting $51.39. 6,265,900 shares of the stock traded hands, compared to its average volume of 7,070,590. The Charles Schwab Corporation has a 1-year low of $37.16 and a 1-year 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 firm has a market capitalization of $68,820.00, a P/E ratio of 32.94, a P/E/G ratio of 2.19 and a beta of 1.74.

The Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.01. The 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 during the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the previous year, the firm posted $0.35 earnings per share. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. research analysts forecast 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 paid a dividend of $0.08 per share. The ex-dividend date was Thursday, November 9th. This represents a $0.32 annualized dividend and a dividend yield of 0.62%. The Charles Schwab’s payout ratio is currently 20.51%.

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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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