Here’s What Makes Charles Schwab Corp. (SCHW) A Great Investment Choice

Weitz Investment Management, an investment management firm, published its “Partners III Opportunity Fund” fourth quarter 2021 investor letter – a copy of which can be downloaded here. The Partners III Opportunity Fund’s Institutional Class returned +0.91% in the fourth quarter compared to +11.03% for the S&P 500 and +9.28% for the Russell 3000. For the calendar year, the Partners III Opportunity Fund’s Institutional Class returned +12.45% compared to +28.71% for the S&P 500 and +25.66% for the Russell 3000. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Weitz Investment Management Partners III Opportunity Fund in its Q4 2021 investor letter, mentioned The Charles Schwab Corporation (NYSE: SCHW) and discussed its stance on the firm. The Charles Schwab Corporation is a Westlake, Texas-based financial services company with a $173.7 billion market capitalization. SCHW delivered a 9.27% return since the beginning of the year, while its 12-month returns are up by 64.87%. The stock closed at $91.90 per share on February 4, 2022.

Here is what Weitz Investment Management Partners III Opportunity Fund has to say about The Charles Schwab Corporation in its Q4 2021 investor letter:

“Financial services firm Charles Schwab took bronze medals for the fourth quarter and calendar year. Brokerage account balances are higher, and investors are anticipating better profit margins for the bank’s lending business in the quarters ahead.”

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Our calculations show that The Charles Schwab Corporation (NYSE: SCHW) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. SCHW was in 59 hedge fund portfolios at the end of the third quarter of 2021, compared to 72 funds in the previous quarter. The Charles Schwab Corporation (NYSE: SCHW) delivered a 13.25% return in the past 3 months.

In February 2022, we also shared another hedge fund’s views on SCHW in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

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