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 Video: What is a Stock Split?
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| SWS Group is a financial services holding company. Co. provides a range of investment banking, commercial banking and related financial services to corporate, individual and institutional investors, broker/dealers, governmental entities and financial intermediaries. Co. has four segments: clearing, which provides clearing and execution services; retail, which includes the sale of retail securities, insurance products and managed accounts; institutional, which consists of businesses serving institutional customers in the areas of securities borrowing and lending, municipal finance, fixed income, and sales and equity trading; and banking, which provides banking products and services. According to our SWS split history records, SWS has had 7 splits. | |
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SWS (SWS) has 7 splits in our SWS split history database. The first split for SWS took place on July 02, 1993. This was a 3 for 2
split, meaning for each 2
shares of SWS owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. SWS's second split took place on September 11, 1997. This was a 11 for 10
split, meaning for each 10
shares of SWS owned pre-split, the shareholder now owned 11 shares. For example, a 1500 share position pre-split, became a 1650 share position following the split. SWS's third split took place on July 13, 1998. This was a 21 for 20
split, meaning for each 20
shares of SWS owned pre-split, the shareholder now owned 21 shares. For example, a 1650 share position pre-split, became a 1732.5 share position following the split. SWS's 4th split took place on July 13, 1999. This was a 11 for 10
split, meaning for each 10
shares of SWS owned pre-split, the shareholder now owned 11 shares. For example, a 1732.5 share position pre-split, became a 1905.75 share position following the split. SWS's 5th split took place on July 12, 2000. This was a 11 for 10
split, meaning for each 10
shares of SWS owned pre-split, the shareholder now owned 11 shares. For example, a 1905.75 share position pre-split, became a 2096.325 share position following the split. SWS's 6th split took place on July 11, 2001. This was a 11 for 10 split, meaning for each 10 shares of SWS owned pre-split, the shareholder now owned 11 shares. For example, a 2096.325 share position pre-split, became a 2305.9575 share position following the split. SWS's 7th split took place on January 03, 2007. This was a 3 for 2 split, meaning for each 2 shares of SWS owned pre-split, the shareholder now owned 3 shares. For example, a 2305.9575 share position pre-split, became a 3458.93625 share position following the split.
When a company such as SWS splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the SWS split history from start to finish, an original position size of 1000 shares would have turned into 3458.93625 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into SWS shares, starting with a $10,000 purchase of SWS, presented on a split-history-adjusted basis factoring in the complete SWS split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
12/09/2014 |
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| End date: |
01/02/2015 |
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| Start price/share: |
$7.06 |
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| End price/share: |
$6.91 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-2.12% |
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| Annualized Gain: |
-32.31% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$9,788.00 |
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| Years: |
0.07 |
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| Date |
Ratio |
| 07/02/1993 | 3 for 2
| | 09/11/1997 | 11 for 10
| | 07/13/1998 | 21 for 20
| | 07/13/1999 | 11 for 10
| | 07/12/2000 | 11 for 10
| | 07/11/2001 | 11 for 10 | | 01/03/2007 | 3 for 2 |
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