Candriam Luxembourg S.C.A. Has $3.39 Million Holdings in The Charles Schwab Corporation (SCHW)

Candriam Luxembourg S.C.A. raised its stake in The Charles Schwab Corporation (NYSE:SCHW) by 4.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 77,596 shares of the financial services provider’s stock after purchasing an additional 3,062 shares during the period. Candriam Luxembourg S.C.A.’s holdings in The Charles Schwab Corporation were worth $3,394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. WealthTrust Arizona LLC grew its stake in The Charles Schwab Corporation by 1.2% in the second quarter. WealthTrust Arizona LLC now owns 2,466 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 29 shares during the last quarter. Shine Investment Advisory Services Inc. purchased a new position in The Charles Schwab Corporation in the second quarter valued at about $145,000. Fiduciary Trust Co. purchased a new position in The Charles Schwab Corporation in the second quarter valued at about $163,000. Quadrant Capital Group LLC grew its stake in The Charles Schwab Corporation by 31.4% in the second quarter. Quadrant Capital Group LLC now owns 4,531 shares of the financial services provider’s stock valued at $168,000 after purchasing an additional 1,082 shares during the last quarter. Finally, Founders Capital Management grew its stake in The Charles Schwab Corporation by 7.7% in the second quarter. Founders Capital Management now owns 4,200 shares of the financial services provider’s stock valued at $180,000 after purchasing an additional 300 shares during the last quarter. Institutional investors own 79.41% of the company’s stock.

SCHW has been the topic of several analyst reports. BidaskClub lowered The Charles Schwab Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Argus reiterated a “buy” rating and issued 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 reiterated a “neutral” rating and issued 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 lowered The Charles Schwab Corporation from a “buy” rating to a “neutral” rating in a research note on Monday, July 24th. Finally, Morgan Stanley reiterated an “overweight” rating and issued 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 research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The Charles Schwab Corporation presently has a consensus rating of “Buy” and an average target price of $47.07.

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Shares of The Charles Schwab Corporation (SCHW) opened at $44.59 on Wednesday. The company has a market capitalization of $59,789.69, a P/E ratio of 28.59, a P/E/G ratio of 1.89 and a beta of 1.74. The Charles Schwab Corporation has a 52-week low of $36.04 and a 52-week high of $46.21. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.31 and a quick ratio of 0.30.

The Charles Schwab Corporation (NYSE:SCHW) last issued its earnings results on Wednesday, October 18th. The financial services provider reported $0.42 EPS for the quarter, beating the Zacks’ 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 return on equity of 15.77% and a net margin of 27.30%. The Charles Schwab Corporation’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 earnings per share. equities analysts expect that The Charles Schwab Corporation will post 1.62 EPS for the current year.

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

In related news, EVP Terri R. Kallsen sold 4,267 shares of the company’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $46.02, for a total value of $196,367.34. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Terri R. Kallsen sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $38.99, for a total value of $38,990.00. Following the completion of the sale, the executive vice president now owns 5,212 shares in the company, valued at approximately $203,215.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 573,095 shares of company stock worth $25,552,240. 12.00% of the stock is owned by insiders.

The Charles Schwab Corporation 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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