ICICI Prudential Asset Management Co Ltd Acquires 75,633 Shares of The Charles Schwab Co. (NYSE:SCHW)

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ICICI Prudential Asset Management Co Ltd raised its stake in The Charles Schwab Co. (NYSE:SCHW) by 144.9% during the 3rd quarter. They now own 127,833 shares worth $7,018,000. Other major investors also added to their holdings, with Bank Julius Baer & Co. Ltd Zurich leading at 965,692,348 shares valued at $54,735,442,000.

Char Schwab’s stock rose 1.7% on Friday, trading at $63.78, with 12,711,192 shares. The company has a debt-to-equity ratio of 0.87, 60,391,016 shares owned by State Street Corp valued at $3,422,963,000, and 27,050,168 shares owned by Geode Capital Management valued at $1,413,244,000.

Charles Schwab Corporation last announced EPS of $0.68 for the quarter, with revenue of $4.46 billion, and analysts predict this year’s EPS to be 3.59. They have a market capitalization of $113.00 billion.

In insider transactions, Director Paula A. Sneed and General Counsel Peter J. Morgan III recently sold shares of Charles Schwab, totaling 33,402 shares sold by insiders worth $1,945,960. Analysts have differing ratings for the stock, with the most common being a “Hold” rating.

The Charles Schwab Corporation engages in wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates in two segments, Investor Services and Advisor Services. 81.61% of the stock is owned by institutional investors.

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