Savior LLC bought a new stake in Charles Schwab Co. (NYSE:SCHW) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 879 shares of the financial services provider’s stock, valued at approximately $42,000.
A number of other large investors have also bought and sold shares of SCHW. First Trust Advisors LP acquired a new position in shares of Charles Schwab in the 1st quarter valued at $1,805,000. Balyasny Asset Management LLC boosted its stake in Charles Schwab by 165.0% in the second quarter. Balyasny Asset Management LLC now owns 25,833 shares of the financial services provider’s stock valued at $1,038,000 after acquiring an additional 16,084 shares in the last quarter. Man Group plc grew its holdings in shares of Charles Schwab by 54.3% during the second quarter. Man Group plc now owns 76,826 shares of the financial services provider’s stock worth $3,088,000 after purchasing an additional 27,045 shares during the last quarter. Pictet Asset Management Ltd. grew its holdings in shares of Charles Schwab by 5.5% during the second quarter. Pictet Asset Management Ltd. now owns 527,019 shares of the financial services provider’s stock worth $21,181,000 after purchasing an additional 27,546 shares during the last quarter. Finally, Reilly Herbert Faulkner III increased its position in shares of Charles Schwab by 6.0% during the second quarter. Reilly Herbert Faulkner III now owns 126,625 shares of the financial services provider’s stock worth $5,089,000 after purchasing an additional 7,174 shares in the last quarter. 78.70% of the stock is currently owned by hedge funds and other institutional investors.
In other Charles Schwab news, Chairman Charles R. Schwab sold 300,000 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $49.01, for a total transaction of $14,703,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Bernard J. Clark sold 28,078 shares of Charles Schwab stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $51.00, for a total transaction of $1,431,978.00. The disclosure for this sale can be found here. Insiders have sold a total of 349,364 shares of company stock valued at $17,174,848 over the last 90 days. 10.90% of the stock is currently owned by insiders.
Shares of SCHW opened at $48.42 on Friday. The stock has a market capitalization of $62.74 billion, a P/E ratio of 18.13, a P/E/G ratio of 2.86 and a beta of 1.39. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.30 and a current ratio of 0.30. Charles Schwab Co. has a 1 year low of $34.58 and a 1 year high of $51.65. The company’s fifty day moving average is $48.43 and its two-hundred day moving average is $42.98.
Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Thursday, January 16th. The financial services provider reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.01. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.60 billion. Charles Schwab had a return on equity of 20.22% and a net margin of 34.55%. Charles Schwab’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.65 earnings per share. Sell-side analysts predict that Charles Schwab Co. will post 2.63 EPS for the current year.
About Charles Schwab
The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.
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