Viking Global Investors Adds $73M in The Charles Schwab Corporation ($SCHW)
Key Points
- Viking Global Investors changed its The Charles Schwab Corporation ($SCHW) stake by 5.71% last quarter, boosting to 14,664,954 shares worth $1.35 billion.
- Wall Street's consensus rating on $SCHW is Buy and an average price target of $124.95.
- $SCHW last traded around $92.27.
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Viking Global Investors increased its position in The Charles Schwab Corporation ($SCHW) by 5.71% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,664,954 shares of The Charles Schwab Corporation after buying 792,049 shares during the quarter. Viking Global Investors's holdings in The Charles Schwab Corporation were worth $1.35 billion as of its most recent filing.
The Charles Schwab Corporation Stock Down 16.2%
Shares of The Charles Schwab Corporation ($SCHW) traded around $92.27 on Saturday, down 16.2% for the day.
The Charles Schwab Corporation Earnings
The Charles Schwab Corporation Dividend
Analysts Set New Price Targets
About The Charles Schwab Corporation
The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services. It offers brokerage accounts with equity and fixed income trading, margin lending, options trading, futures and forex trading, and cash management capabilities, including money market funds, and certificates of deposit; third-party mutual funds through the Mutual Fund Marketplace and Mutual Fund OneSource service, as well as mutual fund trading and clearing services to broker-dealers; exchange-traded funds; advisory solutions for managed portfolios, separately managed accounts, customized personal advice for tailored portfolios, specialized planning, and full-time portfolio management; banking products comprising checking and savings accounts, first lien residential real estate mortgage loans, home equity lines of credit, and pledged asset lines; and trust custody services, personal trust reporting services, and administrative trustee services. It provides digital and software based trading platforms; research tools, and multichannel support, real-time market data, options trading; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; retirement plan services; mutual fund clearing services; and advisor services, including interactive tools and educational content. The Company operates through branch offices. The Charles Schwab Corporation was founded in 1971 and is headquartered in Westlake, Texas.
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