156 hedge funds buy The Charles Schwab Corporation (SCHW) for the first time

The Charles Schwab Corporation (NYSE:SCHW) has made a 34.85% comeback from a 12-month low price of $37.16. It was seen -4.28% lower, changing the price to $50.11, when the closing bell rang on 04/06/2018. At recent session, the prices were hovering between $49.78 and $51.66. This company shares are 20.85% off its target price of $60.56 and the current market capitalization stands at $70.58B. The recent change has given its price a -6.02% deficit over SMA 50 and -13.77% deficit over its 52-week high. The stock witnessed -9.6% declines, -3.28% declines and 13.17% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found SCHW’s volatility during a week at 3.33% and during a month it has been found around 2.88%.

The Charles Schwab Corporation (SCHW) Top Holders

Institutional investors currently hold around $55.07 billion or 81.3% in SCHW stock. Look at its top three institutional owners. Dodge & Cox owns $4.36 billion in The Charles Schwab Corporation, which represents roughly 6.18% of the company’s market cap and approximately 7.92% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 84,042,143 shares of the stock are valued at $4.21 billion. The third largest holder is Blackrock Inc., which currently holds $4 billion worth of this stock and that ownership represents nearly 5.67% of its market capitalization.

The Charles Schwab Corporation 13F Filings

At the end of 12/31/2017 reporting period, 517 institutional holders increased their position in The Charles Schwab Corporation (NYSE:SCHW) by some 64,879,068 shares, 407 decreased positions by 46,517,243 and 138 held positions by 987,556,215. That puts total institutional holdings at 1,098,952,526 shares, according to SEC filings. The stock grabbed 156 new institutional investments totaling 11,612,811 shares while 58 institutional investors sold out their entire positions totaling 6,655,882 shares.

The Charles Schwab Corporation (NYSE:SCHW) Insider Trades

Multiple company employees have indulged in significant insider trading. The Charles Schwab Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Senior EVP Craig Jonathan M. has sold 5,000 shares of The Charles Schwab Corporation (SCHW) in trading session dated Mar. 12, 2018. These shares are worth $290,050 and were traded at $58.01 each. The SEC filing shows that Craig Jonathan M. performed a sale of 8,046 shares. The Senior EVP disposed these shares by way of transaction on Mar. 08, 2018. The company’s shares were given away at $54.31 per share worth to an income of some $436,978 on account of Craig Jonathan M..

EVP – Advisor Services, Clark Bernard J., sold 11,238 common shares of The Charles Schwab Corporation (SCHW) in the open market. In a transaction dated Mar. 07, 2018, the shares were put up for sale at an average price of $54.07, raking in a sum of $607,639. After this sale, 56,882 common shares of SCHW are directly owned by the insider, with total stake valued at $2,850,357.

In the transaction dated Mar. 07, 2018, the great number of shares disposed came courtesy the EVP – Investor Services; Kallsen Terri R disposed a total of 9,156 shares at an average price of $54, amounting to approximately $494,424. The insider now directly owns 1,861 shares worth $93,255.

The Charles Schwab Corporation (SCHW) Analyst Guide

Several analysts have released their opinion on The Charles Schwab Corporation (NYSE:SCHW), with 6 analysts believing it is a strong buy. Whereas 5 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 1 strong sell ratings, collectively assigning a 2.12 average brokerage recommendation.

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