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Legal & General sold a quarter of its Charles Schwab shares, despite Schwab beating earnings expectations.
Legal & General Group Plc now owns $593.46 million worth of Charles Schwab stock after selling 2,472,809 shares in Q4, reducing their holdings by 23.6%.
Charles Schwab reported Q4 earnings of $1.01 per share, surpassing analyst expectations, and had revenue of $5.33 billion, up 19.5% year-over-year.
The company's stock is mostly owned by institutional investors, who hold 84.38% of shares.
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Legal & General vendió un cuarto de sus acciones de Charles Schwab, a pesar de que Schwab superó las expectativas de ganancias.