5 Best 52-Week Low Stocks To Buy Now

3. The Charles Schwab Corporation (NYSE:SCHW)

Number of Hedge Fund Holders: 74

The Charles Schwab Corporation (NYSE:SCHW) was a part of 74 investors’ portfolios at the close of Q4 2022. These funds held collective stakes worth $8.18 billion in the company, up from $7.36 billion in the previous quarter when 75 hedge funds held positions in the company. The Charles Schwab Corporation (NYSE:SCHW) is one of the best 52-week low stocks to buy now according to hedge funds.

On March 14, Piper Sandler analyst Richard Repetto revised his price target on The Charles Schwab Corporation (NYSE:SCHW) to $95 from $100 and maintained an Overweight rating on the shares. As of March 14, The Charles Schwab Corporation (NYSE:SCHW) has declined by 32.24% over the past 12 months and is offering a forward dividend yield of 1.50%.

As of December 31, GQG Partners is the top shareholder in The Charles Schwab Corporation (NYSE:SCHW) and has disclosed a stake worth $1.44 billion.

Here is what Ron Baron’s Baron Funds had to say about The Charles Schwab Corporation (NYSE:SCHW) in its Q4 2022 investor letter:

“Shares of online brokerage firm The Charles Schwab Corporation (NYSE:SCHW) rose in the quarter on rising interest rates, which should generate increased profits on Schwab’s more than $600 billion of interest-earning assets. Despite turbulent markets, the company attracted over $400 billion of net new client assets over the past 12 months. In addition to strong organic growth, we believe operating expenses per client assets will drop to record lows once the equity markets improve.”