The Charles Schwab Corporation (SCHW) Shares Bought by Nomura Holdings Inc.

Nomura Holdings Inc. raised its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 2,000.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,568,484 shares of the financial services provider’s stock after purchasing an additional 1,493,795 shares during the quarter. Nomura Holdings Inc. owned approximately 0.12% of The Charles Schwab Corporation worth $67,399,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of SCHW. Waldron LP raised its position in The Charles Schwab Corporation by 23.9% in the 1st quarter. Waldron LP now owns 9,339 shares of the financial services provider’s stock valued at $381,000 after purchasing an additional 1,799 shares during the last quarter. Northwestern Mutual Investment Management Company LLC raised its position in The Charles Schwab Corporation by 77.3% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 245,567 shares of the financial services provider’s stock valued at $10,022,000 after purchasing an additional 107,042 shares during the last quarter. RWC Asset Management LLP bought a new position in The Charles Schwab Corporation in the 1st quarter valued at $7,387,000. Brown Capital Management LLC raised its position in The Charles Schwab Corporation by 23.8% in the 1st quarter. Brown Capital Management LLC now owns 56,539 shares of the financial services provider’s stock valued at $2,307,000 after purchasing an additional 10,864 shares during the last quarter. Finally, Marietta Wealth Management LLC raised its position in The Charles Schwab Corporation by 121.8% in the 1st quarter. Marietta Wealth Management LLC now owns 27,634 shares of the financial services provider’s stock valued at $1,128,000 after purchasing an additional 15,173 shares during the last quarter. Hedge funds and other institutional investors own 79.53% of the company’s stock.

The Charles Schwab Corporation (NYSE:SCHW) traded down 1.10% during midday trading on Tuesday, reaching $44.91. The company had a trading volume of 3,445,251 shares. The stock has a 50-day moving average price of $41.24 and a 200 day moving average price of $40.93. The company has a market capitalization of $60.14 billion, a PE ratio of 30.14 and a beta of 1.68. The Charles Schwab Corporation has a 12-month low of $30.66 and a 12-month high of $46.21.

The Charles Schwab Corporation (NYSE:SCHW) last announced its earnings results on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.39. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.13 billion. The Charles Schwab Corporation had a return on equity of 15.41% and a net margin of 26.73%. The Charles Schwab Corporation’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period last year, the company earned $0.30 EPS. Equities analysts forecast that The Charles Schwab Corporation will post $1.62 EPS for the current year.

Several equities analysts have issued reports on the company. BidaskClub upgraded The Charles Schwab Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Morgan Stanley boosted their target price on The Charles Schwab Corporation from $51.00 to $53.00 and gave the stock an “overweight” rating in a research report on Thursday, October 5th. Keefe, Bruyette & Woods restated a “buy” rating and set a $47.00 target price on shares of The Charles Schwab Corporation in a research report on Friday, September 15th. Jefferies Group LLC restated a “buy” rating and set a $49.00 target price on shares of The Charles Schwab Corporation in a research report on Friday, September 15th. Finally, Barclays PLC began coverage on The Charles Schwab Corporation in a research report on Friday, September 8th. They set an “overweight” rating and a $48.00 target price for the company. Six research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $45.69.

In other news, EVP Terri R. Kallsen sold 1,000 shares of The Charles Schwab Corporation stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $38.99, for a total value of $38,990.00. Following the completion of the transaction, the executive vice president now directly owns 5,212 shares of the company’s stock, valued at approximately $203,215.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Joseph R. Martinetto sold 89,330 shares of The Charles Schwab Corporation stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $42.51, for a total value of $3,797,418.30. Following the completion of the transaction, the executive vice president now directly owns 207,961 shares of the company’s stock, valued at $8,840,422.11. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,035,705 shares of company stock valued at $44,665,539. 12.00% of the stock is owned by corporate insiders.

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The Charles Schwab Corporation 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.

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Institutional Ownership by Quarter for The Charles Schwab Corporation (NYSE:SCHW)

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