National Pension Service raised its position in shares of The Charles Schwab Corp. (NYSE:SCHW) by 8.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 835,358 shares of the company’s stock after buying an additional 66,249 shares during the period. National Pension Service owned about 0.06% of The Charles Schwab Corp. worth $26,372,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of SCHW. Lenox Wealth Management Inc. raised its position in 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 worth $104,000 after buying an additional 445 shares during the period. Reilly Financial Advisors LLC raised its position in 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 worth $108,000 after buying an additional 400 shares during the period. Integrated Investment Consultants LLC raised its position in 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 worth $125,000 after buying an additional 1,252 shares during the period. Fruth Investment Management purchased a new position in The Charles Schwab Corp. during the third quarter worth approximately $200,000. Finally, Genesee Valley Trust Co. purchased a new position in The Charles Schwab Corp. during the third quarter worth approximately $201,000. 76.52% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of The Charles Schwab Corp. (NYSE:SCHW) traded up 0.31% during midday trading on Tuesday, reaching $38.47. 1,190,479 shares of the company’s stock were exchanged. The Charles Schwab Corp. has a 12-month low of $21.51 and a 12-month high of $39.22. The stock’s 50 day moving average price is $33.85 and its 200 day moving average price is $30.39. The company has a market cap of $51.00 billion, a price-to-earnings ratio of 31.02 and a beta of 1.68.

The Charles Schwab Corp. (NYSE:SCHW) last issued its quarterly earnings data on Monday, October 17th. The company reported $0.35 EPS 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 analysts’ expectations of $1.89 billion. During the same period last year, the company posted $0.27 EPS. The business’s revenue was up 19.8% on a year-over-year basis. Equities analysts anticipate that The Charles Schwab Corp. will post $1.29 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 28th. Shareholders of record on Monday, November 14th were paid a $0.07 dividend. The ex-dividend date was Wednesday, November 9th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.73%. The Charles Schwab Corp.’s payout ratio is currently 22.95%.

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SCHW has been the subject of several research reports. Jefferies Group reiterated a “buy” rating on shares of The Charles Schwab Corp. in a research report on Friday, August 5th. Barclays PLC upped their target price on shares of The Charles Schwab Corp. from $29.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 9th. Zacks Investment Research upgraded shares of The Charles Schwab Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 16th. Deutsche Bank AG upped their target price on shares of The Charles Schwab Corp. from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, September 9th. Finally, upped their target price on shares of The Charles Schwab Corp. from $31.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday, September 22nd. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $33.69.

In related news, Chairman Charles R. Schwab sold 600,000 shares of The Charles Schwab Corp. stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $33.28, for a total transaction of $19,968,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Walter W. Bettinger sold 34,233 shares of The Charles Schwab Corp. stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $39.21, for a total transaction of $1,342,275.93. Following the transaction, the insider now directly owns 277,892 shares of the company’s stock, valued at $10,896,145.32. The disclosure for this sale can be found here. 12.60% of the stock is currently owned by company insiders.

About The Charles Schwab Corp.

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.

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