The Mizuho Trust & Banking Co. Ltd. Has $60,655,000 Position in The Charles Schwab Corp. (SCHW)

The Mizuho Trust & Banking Co. Ltd. Has $60,655,000 Position in The Charles Schwab Corp. (SCHW)

Mizuho Trust & Banking Co. Ltd. boosted its position in shares of The Charles Schwab Corp. (NYSE:SCHW) by 1.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,921,300 shares of the company’s stock after buying an additional 31,079 shares during the period. Mizuho Trust & Banking Co. Ltd. owned about 0.15% of The Charles Schwab Corp. worth $60,655,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCHW. Nisa Investment Advisors LLC boosted its position in The Charles Schwab Corp. by 1.5% in the second quarter. Nisa Investment Advisors LLC now owns 382,961 shares of the company’s stock worth $9,693,000 after buying an additional 5,775 shares during the period. Checchi Capital Advisers LLC boosted its position in The Charles Schwab Corp. by 1.7% in the second quarter. Checchi Capital Advisers LLC now owns 8,857 shares of the company’s stock worth $224,000 after buying an additional 146 shares during the period. Parkwood LLC boosted its position in The Charles Schwab Corp. by 6.5% in the second quarter. Parkwood LLC now owns 160,688 shares of the company’s stock worth $4,067,000 after buying an additional 9,841 shares during the period. Daiwa Securities Group Inc. boosted its position in The Charles Schwab Corp. by 3.2% in the second quarter. Daiwa Securities Group Inc. now owns 28,800 shares of the company’s stock worth $729,000 after buying an additional 900 shares during the period. Finally, Shell Asset Management Co. boosted its position in The Charles Schwab Corp. by 22.3% in the second quarter. Shell Asset Management Co. now owns 150,924 shares of the company’s stock worth $3,820,000 after buying an additional 27,568 shares during the period. Institutional investors own 76.52% of the company’s stock.

Shares of The Charles Schwab Corp. (NYSE:SCHW) opened at 41.10 on Thursday. The Charles Schwab Corp. has a 52-week low of $21.51 and a 52-week high of $41.85. The firm has a 50-day moving average of $39.95 and a 200 day moving average of $33.24. The stock has a market capitalization of $54.49 billion, a PE ratio of 33.15 and a beta of 1.75.

The Charles Schwab Corp. (NYSE:SCHW) last posted its quarterly earnings results on Wednesday, January 18th. The company reported $0.36 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.99 billion. The Charles Schwab Corp. had a net margin of 24.77% and a return on equity of 13.64%. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period last year, the firm posted $0.24 earnings per share. Equities research analysts forecast that The Charles Schwab Corp. will post $1.31 EPS for the current fiscal year.

A number of analysts have issued reports on SCHW shares. lifted their price target on shares of The Charles Schwab Corp. from $31.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, September 22nd. Morgan Stanley started coverage on shares of The Charles Schwab Corp. in a report on Monday, September 26th. They issued an “overweight” rating and a $37.00 price target on the stock. Zacks Investment Research upgraded shares of The Charles Schwab Corp. from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a report on Monday, September 26th. Credit Suisse Group AG reiterated a “buy” rating and issued a $32.00 price target on shares of The Charles Schwab Corp. in a report on Monday, October 10th. Finally, Jefferies Group lifted their price target on shares of The Charles Schwab Corp. from $34.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, October 11th. Two equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $37.14.

In related news, insider Marie A. Chandoha sold 7,706 shares of the firm’s stock in a transaction dated Friday, January 13th. The shares were sold at an average price of $41.64, for a total transaction of $320,877.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Marie A. Chandoha sold 1,300 shares of the firm’s stock in a transaction dated Friday, January 6th. The stock was sold at an average price of $41.51, for a total transaction of $53,963.00. The disclosure for this sale can be found here. 12.60% of the stock is currently owned by insiders.

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).

Related posts

Leave a Comment