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Glenmede Investment Management LP Sells 14,907 Shares of The Charles Schwab Corporation $SCHW
Glenmede Investment Management LP reduced its stake in The Charles Schwab Corporation by 1.6% in the third quarter, selling 14,907 shares and now owning 893,630 shares valued at $85.32 million. Despite this, other hedge funds increased their positions, and institutional investors own 84.38% of the company’s stock. Charles Schwab recently reported strong earnings, topped analyst estimates, increased its quarterly dividend, and received a “Moderate Buy” rating with an average target price of $115.95 from Wall Street analysts.