Todays Report: The Candriam Luxembourg S.C.A. invests in The Charles Schwab Corp. (SCHW) Shares

The Candriam Luxembourg S.C.A. invests in The Charles Schwab Corp. (SCHW) Shares

Candriam Luxembourg S.C.A. increased its position in shares of The Charles Schwab Corp. (NYSE:SCHW) by 34.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,665 shares of the company’s stock after buying an additional 9,965 shares during the period. Candriam Luxembourg S.C.A.’s holdings in The Charles Schwab Corp. were worth $979,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Dodge & Cox raised its stake in The Charles Schwab Corp. by 0.4% in the first quarter. Dodge & Cox now owns 103,001,887 shares of the company’s stock valued at $2,886,113,000 after buying an additional 379,250 shares during the period. Lazard Asset Management LLC raised its stake in The Charles Schwab Corp. by 77.1% in the first quarter. Lazard Asset Management LLC now owns 9,337,477 shares of the company’s stock valued at $261,635,000 after buying an additional 4,065,656 shares during the period. Geode Capital Management LLC raised its stake in The Charles Schwab Corp. by 1.9% in the first quarter. Geode Capital Management LLC now owns 9,255,398 shares of the company’s stock valued at $258,784,000 after buying an additional 168,775 shares during the period. Ruane Cunniff & Goldfarb Inc. acquired a new stake in The Charles Schwab Corp. during the second quarter valued at $231,722,000. Finally, Legal & General Group Plc raised its stake in The Charles Schwab Corp. by 2.4% in the first quarter. Legal & General Group Plc now owns 4,627,326 shares of the company’s stock valued at $129,658,000 after buying an additional 106,261 shares during the period. Institutional investors and hedge funds own 76.45% of the company’s stock.

Shares of The Charles Schwab Corp. (NYSE:SCHW) traded down 0.09% during midday trading on Friday, hitting $32.40. 7,524,548 shares of the company traded hands. The stock has a market capitalization of $42.87 billion, a P/E ratio of 27.93 and a beta of 1.55. The stock’s 50-day moving average is $31.00 and its 200 day moving average is $28.95. The Charles Schwab Corp. has a 12-month low of $21.51 and a 12-month high of $34.52.

The Charles Schwab Corp. (NYSE:SCHW) last announced its quarterly earnings results on Monday, July 18th. The company reported $0.30 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.30. The Charles Schwab Corp. had a net margin of 24.07% and a return on equity of 13.03%. The firm earned $1.83 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period last year, the firm posted $0.25 EPS. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. On average, analysts expect that The Charles Schwab Corp. will post $1.26 earnings per share for the current year.

Several research firms recently weighed in on SCHW. Jefferies Group reiterated a “buy” rating on shares of The Charles Schwab Corp. in a research note on Friday, August 5th. Barclays PLC increased 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 research note on Tuesday, August 9th. JMP Securities reiterated an “outperform” rating and set a $32.00 price objective on shares of The Charles Schwab Corp. in a research note on Wednesday, July 20th. Nomura dropped their price objective on shares of The Charles Schwab Corp. from $33.00 to $31.00 and set a “buy” rating on the stock in a research note on Monday, July 11th. Finally, Deutsche Bank AG reiterated a “buy” rating on shares of The Charles Schwab Corp. in a research note on Sunday, July 10th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $32.59.

In other The Charles Schwab Corp. news, EVP Nigel J. Murtagh sold 2,500 shares of the business’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $29.72, for a total value of $74,300.00. Following the completion of the transaction, the executive vice president now directly owns 35,137 shares of the company’s stock, valued at $1,044,271.64. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Terri R. Kallsen sold 6,894 shares of the business’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $28.01, for a total transaction of $193,100.94. Following the completion of the transaction, the executive vice president now directly owns 17,822 shares of the company’s stock, valued at $499,194.22. The disclosure for this sale can be found here. Corporate insiders own 12.60% of the company’s stock.

The Charles Schwab Corp. Company Profile

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.

Related posts

Leave a Comment