Cobiz Investment Management LLC decreased its position in shares of The Charles Schwab Corp. (NYSE:SCHW) by 1.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 193,129 shares of the company’s stock after selling 3,068 shares during the period. The Charles Schwab Corp. comprises about 1.5% of Cobiz Investment Management LLC’s investment portfolio, making the stock its 17th largest position. Cobiz Investment Management LLC’s holdings in The Charles Schwab Corp. were worth $6,097,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Lenox Wealth Management Inc. increased its position in shares of The Charles Schwab Corp. by 12.1% in the second quarter. Lenox Wealth Management Inc. now owns 4,126 shares of the company’s stock valued at $104,000 after buying an additional 445 shares during the last quarter. Reilly Financial Advisors LLC increased its position in shares of The Charles Schwab Corp. by 10.4% in the second quarter. Reilly Financial Advisors LLC now owns 4,248 shares of the company’s stock valued at $108,000 after buying an additional 400 shares during the last quarter. Integrated Investment Consultants LLC increased its position in shares of The Charles Schwab Corp. by 33.9% in the second quarter. Integrated Investment Consultants LLC now owns 4,943 shares of the company’s stock valued at $125,000 after buying an additional 1,252 shares during the last quarter. Balentine LLC increased its position in shares of The Charles Schwab Corp. by 6.3% in the second quarter. Balentine LLC now owns 7,311 shares of the company’s stock valued at $185,000 after buying an additional 436 shares during the last quarter. Finally, Feltz Wealth PLAN Inc. acquired a new position in shares of The Charles Schwab Corp. during the second quarter valued at approximately $203,000. 75.08% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for The Charles Schwab Corp. (NYSE:SCHW)

Shares of The Charles Schwab Corp. (NYSE:SCHW) traded up 1.65% during trading on Monday, reaching $38.10. 11,882,248 shares of the company were exchanged. The stock’s 50-day moving average is $32.76 and its 200-day moving average is $29.89. The Charles Schwab Corp. has a 52-week low of $21.51 and a 52-week high of $38.15. The firm has a market cap of $50.51 billion, a price-to-earnings ratio of 30.73 and a beta of 1.68.

The Charles Schwab Corp. (NYSE:SCHW) last announced its earnings results on Monday, October 17th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The Charles Schwab Corp. had a net margin of 24.77% and a return on equity of 13.64%. The business earned $1.91 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter last year, the firm earned $0.27 earnings per share. The Charles Schwab Corp.’s quarterly revenue was up 19.8% on a year-over-year basis. Equities research analysts predict that The Charles Schwab Corp. will post $1.29 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 28th. Investors of record on Monday, November 14th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Wednesday, November 9th. The Charles Schwab Corp.’s dividend payout ratio is presently 22.95%.

Several brokerages have recently commented on SCHW. Credit Suisse Group AG reissued a “buy” rating on shares of The Charles Schwab Corp. in a report on Monday, October 24th. Argus reaffirmed a “buy” rating and set a $36.00 price objective (up previously from $34.00) on shares of The Charles Schwab Corp. in a report on Friday, October 21st. Wells Fargo & Co. reaffirmed a “market perform” rating on shares of The Charles Schwab Corp. in a report on Tuesday, October 18th. SunTrust Banks Inc. raised The Charles Schwab Corp. from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $32.00 to $33.00 in a report on Tuesday, October 18th. Finally, Barclays PLC upped their price objective on The Charles Schwab Corp. from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Thursday, October 13th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $33.69.

In other The Charles Schwab Corp. news, insider Walter W. Bettinger sold 612,000 shares of The Charles Schwab Corp. stock in a transaction on Wednesday, October 19th. The shares were sold at an average price of $32.65, for a total value of $19,981,800.00. Following the completion of the sale, the insider now directly owns 956,459 shares of the company’s stock, valued at $31,228,386.35. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Terri R. Kallsen sold 8,509 shares of The Charles Schwab Corp. stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $31.40, for a total transaction of $267,182.60. Following the completion of the sale, the executive vice president now directly owns 6,027 shares of the company’s stock, valued at $189,247.80. The disclosure for this sale can be found here. Corporate insiders own 12.60% of the company’s stock.

The Charles Schwab Corp. Company Profile

The Charles Schwab Corporation is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services.

5 Day Chart for NYSE:SCHW

Receive News & Stock Ratings for The Charles Schwab Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Charles Schwab Corp. and related stocks with our FREE daily email newsletter.