The Charles Schwab Corporation (SCHW) is Partners Capital Investment Group Holdings LLC’s 3rd Largest Position

Partners Capital Investment Group Holdings LLC lifted its stake in The Charles Schwab Corporation (NYSE:SCHW) by 10.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 707,731 shares of the financial services provider’s stock after purchasing an additional 64,760 shares during the quarter. The Charles Schwab comprises 5.1% of Partners Capital Investment Group Holdings LLC’s portfolio, making the stock its 3rd biggest holding. Partners Capital Investment Group Holdings LLC owned about 0.05% of The Charles Schwab worth $30,956,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of The Charles Schwab by 2.0% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 87,068 shares of the financial services provider’s stock worth $3,824,000 after acquiring an additional 1,700 shares during the last quarter. HS Management Partners LLC bought a new stake in The Charles Schwab during the 3rd quarter valued at $32,496,000. Aureus Asset Management LLC raised its position in The Charles Schwab by 2.2% during the 3rd quarter. Aureus Asset Management LLC now owns 418,615 shares of the financial services provider’s stock valued at $18,310,000 after purchasing an additional 9,020 shares in the last quarter. Synovus Financial Corp raised its position in The Charles Schwab by 12.8% during the 3rd quarter. Synovus Financial Corp now owns 38,074 shares of the financial services provider’s stock valued at $1,665,000 after purchasing an additional 4,306 shares in the last quarter. Finally, Signature Financial Management Inc. raised its position in The Charles Schwab by 5.1% during the 3rd quarter. Signature Financial Management Inc. now owns 32,915 shares of the financial services provider’s stock valued at $1,399,000 after purchasing an additional 1,602 shares in the last quarter. Hedge funds and other institutional investors own 79.84% of the company’s stock.

The Charles Schwab Corporation (NYSE SCHW) traded up $2.05 on Tuesday, hitting $51.55. The stock had a trading volume of 13,058,500 shares, compared to its average volume of 7,080,300. The company has a market cap of $69,030.00, a price-to-earnings ratio of 31.73, a price-to-earnings-growth ratio of 2.11 and a beta of 1.74. The company has a current ratio of 0.31, a quick ratio of 0.30 and a debt-to-equity ratio of 0.21. The Charles Schwab Corporation has a 52-week low of $37.16 and a 52-week high of $51.89.

The Charles Schwab (NYSE:SCHW) last released its quarterly earnings results 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 return on equity of 15.77% and a net margin of 27.30%. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period in the previous year, the company posted $0.35 EPS. 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 firm also recently announced a quarterly dividend, which was paid on Friday, November 24th. Investors of record on Friday, November 10th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $0.32 annualized dividend and a yield of 0.62%. The Charles Schwab’s dividend payout ratio (DPR) is 20.51%.

SCHW has been the subject of a number of research analyst reports. BidaskClub lowered The Charles Schwab from a “sell” rating to a “strong sell” rating in a research report on Friday, September 8th. Morgan Stanley lifted their target price on The Charles Schwab from $51.00 to $53.00 and gave the company an “overweight” rating in a research report on Thursday, October 5th. Deutsche Bank lifted their target price on The Charles Schwab from $46.00 to $47.00 and gave the company a “hold” rating in a research report on Wednesday, October 25th. Barclays lifted their target price on The Charles Schwab from $48.00 to $51.00 and gave the company an “overweight” rating in a research report on Tuesday, October 10th. Finally, Credit Suisse Group initiated coverage on The Charles Schwab in a research report on Thursday, November 30th. They set an “outperform” rating and a $55.00 target price for the company. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $47.56.

In other The Charles Schwab news, CFO Peter B. Crawford sold 1,063 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $44.64, for a total transaction of $47,452.32. Following the sale, the chief financial officer now owns 11,302 shares in the company, valued at approximately $504,521.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Walter W. Bettinger purchased 72,510 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were purchased at an average price of $27.21 per share, for a total transaction of $1,972,997.10. Following the purchase, the insider now owns 41,330 shares in the company, valued at approximately $1,124,589.30. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 1,764,883 shares of company stock worth $82,007,128. 12.00% of the stock is owned by company insiders.

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The Charles Schwab 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 (NYSE:SCHW)

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