Charles Schwab Corp (SCHW) Insider Raises Exposure Over 7,500 Shares

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Charles Schwab Corp (NYSE:SCHW), saw an insider raise their positioning with the company through a transaction officially filed today, September 4th. Director Preston C. Butcher purchased 7,683 shares of common stock at an average price of $8.7902 per share. Following this transaction, Butcher now holds a total of 8,053 shares directly and about 1.1 million shares indirectly. Moreover, a $36.51 billion market cap corporation, Charles Schwab Corp (NYSE:SCHW) is a savings and loan holding company. As well, the Company engages, through its subsidiaries, in securities brokerage, banking, and related financial services.
In addition, there are multiple hedge funds involved with the company. Among them is Brave Warrior Capital, the hedge fund controlled by billionaire Glenn Greenberg. After reporting a 16% rise in activity over the course of the last fiscal quarter, the fund now has about 8.4 million shares worth nearly $225 million invested in Charles Schwab Corp (NYSE:SCHW).
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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