Should You Invest in The Charles Schwab Corp. (SCHW) Stock?

Baron Funds, an investment management company, released its “Baron Asset Fund” third quarter 2022 investor letter. A copy of the same can be downloaded here. In the third quarter, the fund (institutional shares) declined 2.07% compared to a 0.65% decline for the Russell Midcap Growth Index. Differences in sector weights led to the underperformance of the fund in the quarter. In addition, please check the fund’s top five holdings to know its best picks in 2022.

Baron Funds discussed stocks like The Charles Schwab Corporation (NYSE:SCHW) in the Q3 2022 investor letter. Headquartered in Westlake, Texas, The Charles Schwab Corporation (NYSE:SCHW) is a financial services company. On October 21, 2022, The Charles Schwab Corporation (NYSE:SCHW) stock closed at $70.32 per share. One-month return of The Charles Schwab Corporation (NYSE:SCHW) was -0.80% and its shares lost 15.83% of their value over the last 52 weeks. The Charles Schwab Corporation (NYSE:SCHW) has a market capitalization of $130.159 billion.

Baron Funds made the following comment about The Charles Schwab Corporation (NYSE:SCHW)  in its Q3 2022 investor letter:

“Shares of The Charles Schwab Corporation (NYSE:SCHW), a leading online brokerage firm, rose in the quarter, buoyed by investor expectations that rising interest rates will lead to increased profitability of the company’s more than $600 billion in interest earning assets. We were also encouraged by Schwab’s organic growth. Despite turbulent markets, the company attracted more than $400 billion of net new client assets during the past 12 months. In addition, we expect Schwab to recognize meaningful margin expansion going forward.”

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The Charles Schwab Corporation (NYSE:SCHW) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 68 hedge fund portfolios held by The Charles Schwab Corporation (NYSE:SCHW) at the end of the second quarter, which was 78 in the previous quarter.

We discussed The Charles Schwab Corporation (NYSE:SCHW) in another article and shared Ensemble Capital’s views on the company. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.