Today, Boston Common Asset Management LLC Maintains Stake in The Charles Schwab Corp. (SCHW)

Today, Boston Common Asset Management LLC Maintains Stake in The Charles Schwab Corp. (SCHW)
Boston Common Asset Management LLC maintained its position in The Charles Schwab Corp. (NYSE:SCHW) during the third quarter, Holdings Channel reports. The firm owned 25,500 shares of the company’s stock at the end of the third quarter. Boston Common Asset Management LLC’s holdings in The Charles Schwab Corp. were worth $805,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sei Investments Co. boosted its stake in shares of The Charles Schwab Corp. by 58.4% in the third quarter. Sei Investments Co. now owns 1,411,145 shares of the company’s stock valued at $44,550,000 after buying an additional 520,443 shares during the period. US Bancorp DE boosted its stake in shares of The Charles Schwab Corp. by 1.0% in the third quarter. US Bancorp DE now owns 939,611 shares of the company’s stock valued at $29,663,000 after buying an additional 9,599 shares during the period. Provident Trust Co. boosted its stake in shares of The Charles Schwab Corp. by 0.3% in the third quarter. Provident Trust Co. now owns 1,555,789 shares of the company’s stock valued at $49,116,000 after buying an additional 4,569 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of The Charles Schwab Corp. by 105.2% in the third quarter. Teacher Retirement System of Texas now owns 174,570 shares of the company’s stock valued at $5,511,000 after buying an additional 89,504 shares during the period. Finally, TIAA CREF Trust Co. FSB MO boosted its stake in shares of The Charles Schwab Corp. by 13.5% in the third quarter. TIAA CREF Trust Co. FSB MO now owns 22,531 shares of the company’s stock valued at $711,000 after buying an additional 2,679 shares during the period. 75.08% of the stock is owned by institutional investors and hedge funds.

The Charles Schwab Corp. (NYSE:SCHW) traded down 0.79% on Friday, hitting $38.80. The stock had a trading volume of 1,171,054 shares. The company has a market cap of $51.44 billion, a PE ratio of 31.29 and a beta of 1.68. The Charles Schwab Corp. has a one year low of $21.51 and a one year high of $39.22. The stock has a 50-day moving average of $33.47 and a 200-day moving average of $30.19.

The Charles Schwab Corp. (NYSE:SCHW) last posted its quarterly earnings results on Monday, October 17th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.02. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.89 billion. The Charles Schwab Corp. had a return on equity of 13.64% and a net margin of 24.77%. The business’s revenue was up 19.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.27 EPS. Equities analysts expect that The Charles Schwab Corp. will post $1.29 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 28th. Investors of record on Monday, November 14th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Wednesday, November 9th. The Charles Schwab Corp.’s dividend payout ratio is currently 22.95%.

SCHW has been the topic of a number of research analyst reports. Jefferies Group reissued a “buy” rating on shares of The Charles Schwab Corp. in a report on Friday, August 5th. Barclays PLC raised their price objective on shares of The Charles Schwab Corp. from $29.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, August 9th. Zacks Investment Research raised shares of The Charles Schwab Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 16th. Deutsche Bank AG raised their price objective on shares of The Charles Schwab Corp. from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, September 9th. Finally, raised their price objective on shares of The Charles Schwab Corp. from $31.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, September 22nd. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $33.69.

In other news, insider Walter W. Bettinger sold 612,000 shares of the stock in a transaction on Wednesday, October 19th. The stock was sold at an average price of $32.65, for a total value of $19,981,800.00. Following the completion of the transaction, the insider now owns 956,459 shares of the company’s stock, valued at $31,228,386.35. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Bernard J. Clark sold 63,256 shares of the stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $38.14, for a total value of $2,412,583.84. The disclosure for this sale can be found here. Corporate insiders own 12.60% of the company’s stock.

About The Charles Schwab Corp.

The Charles Schwab Corporation 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.

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 Corp. (NYSE:SCHW).

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