Bank of Nova Scotia Has $11.79 Million Position in The Charles Schwab Corporation (SCHW)

Bank of Nova Scotia lowered its stake in The Charles Schwab Corporation (NYSE:SCHW) by 1.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 274,382 shares of the financial services provider’s stock after selling 3,688 shares during the quarter. Bank of Nova Scotia’s holdings in The Charles Schwab Corporation were worth $11,788,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. WealthTrust Arizona LLC boosted its position in The Charles Schwab Corporation by 1.2% during the 2nd quarter. WealthTrust Arizona LLC now owns 2,466 shares of the financial services provider’s stock worth $106,000 after acquiring an additional 29 shares during the period. Shine Investment Advisory Services Inc. acquired a new stake in shares of The Charles Schwab Corporation during the 2nd quarter valued at about $145,000. Fiduciary Trust Co. acquired a new stake in shares of The Charles Schwab Corporation during the 2nd quarter valued at about $163,000. Founders Capital Management acquired a new stake in shares of The Charles Schwab Corporation during the 1st quarter valued at about $159,000. Finally, Paradigm Asset Management Co. LLC lifted its holdings in shares of The Charles Schwab Corporation by 4.7% during the 2nd quarter. Paradigm Asset Management Co. LLC now owns 4,450 shares of the financial services provider’s stock valued at $191,000 after buying an additional 200 shares during the last quarter. 79.53% of the stock is currently owned by hedge funds and other institutional investors.

SCHW has been the subject of several analyst reports. BidaskClub lowered The Charles Schwab Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, September 8th. Deutsche Bank AG dropped their price target on The Charles Schwab Corporation from $47.00 to $46.00 and set a “buy” rating on the stock in a research report on Tuesday, July 4th. Morgan Stanley lifted their price target 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. Barclays PLC lifted their price target on The Charles Schwab Corporation from $48.00 to $51.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Citigroup Inc. began coverage on The Charles Schwab Corporation in a research report on Thursday, July 13th. They issued a “neutral” rating and a $46.00 price target on the stock. Six research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The Charles Schwab Corporation currently has a consensus rating of “Buy” and an average price target of $46.80.

COPYRIGHT VIOLATION NOTICE: This news story was first posted by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this news story on another site, it was illegally stolen and reposted in violation of United States and international copyright laws. The legal version of this news story can be read at https://sportsperspectives.com/2017/10/13/bank-of-nova-scotia-has-11-79-million-position-in-the-charles-schwab-corporation-schw.html.

The Charles Schwab Corporation (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.39. The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.13 billion. The Charles Schwab Corporation had a return on equity of 15.41% and a net margin of 26.73%. The firm’s revenue was up 16.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 EPS.

In other news, EVP Terri R. Kallsen sold 2,000 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $43.07, for a total value of $86,140.00. Following the transaction, the executive vice president now directly owns 5,212 shares of the company’s stock, valued at approximately $224,480.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Charles R. Schwab sold 26,000 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $42.80, for a total value of $1,112,800.00. The disclosure for this sale can be found here. Insiders sold a total of 1,035,705 shares of company stock worth $44,665,539 over the last three months. 12.00% of the stock is owned by company insiders.

About The Charles Schwab Corporation

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.

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 Corporation (NYSE:SCHW).

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

Receive News & Ratings for The Charles Schwab Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Charles Schwab Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply