Stock Yards Bank & Trust Co. increased its stake in shares of The Charles Schwab Corp. (NYSE:SCHW) by 2.5% during the third quarter, according to its most recent filing with the SEC. The fund owned 297,698 shares of the company’s stock after buying an additional 7,210 shares during the period. Stock Yards Bank & Trust Co.’s holdings in The Charles Schwab Corp. were worth $9,398,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Mutual of Omaha Bank Wealth Management acquired a new stake in The Charles Schwab Corp. during the second quarter worth $297,000. Gulf International Bank UK Ltd boosted its stake in The Charles Schwab Corp. by 1.0% in the second quarter. Gulf International Bank UK Ltd now owns 349,441 shares of the company’s stock worth $8,844,000 after buying an additional 3,500 shares during the last quarter. Jacobs & Co. CA boosted its stake in The Charles Schwab Corp. by 16.0% in the second quarter. Jacobs & Co. CA now owns 104,759 shares of the company’s stock worth $2,651,000 after buying an additional 14,429 shares during the last quarter. Perkins Coie Trust Co boosted its stake in The Charles Schwab Corp. by 3.5% in the second quarter. Perkins Coie Trust Co now owns 54,696 shares of the company’s stock worth $1,383,000 after buying an additional 1,837 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. boosted its stake in The Charles Schwab Corp. by 1.5% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 1,609,425 shares of the company’s stock worth $40,734,000 after buying an additional 23,092 shares during the last quarter. 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 0.60% on Tuesday, hitting $38.58. The stock had a trading volume of 3,378,261 shares. The Charles Schwab Corp. has a one year low of $21.51 and a one year high of $39.22. The company’s 50 day moving average is $33.85 and its 200 day moving average is $30.39. The stock has a market cap of $51.14 billion, a PE ratio of 31.11 and a beta of 1.68.

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

The company also recently declared a quarterly dividend, which was paid on Monday, November 28th. Investors of record on Monday, November 14th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, November 9th. This represents a $0.28 annualized dividend and a yield of 0.73%. The Charles Schwab Corp.’s dividend payout ratio is currently 22.95%.

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A number of equities analysts recently issued reports on the company. Citigroup Inc. upgraded The Charles Schwab Corp. from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 22nd. Jefferies Group raised their target price on The Charles Schwab Corp. from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, October 11th. Credit Suisse Group AG restated a “buy” rating and issued a $32.00 target price on shares of The Charles Schwab Corp. in a research note on Monday, October 10th. Argus restated a “buy” rating and issued a $36.00 target price (up previously from $34.00) on shares of The Charles Schwab Corp. in a research note on Friday, October 21st. Finally, Bank of America Corp. upgraded The Charles Schwab Corp. from a “neutral” rating to a “buy” rating and raised their target price for the stock from $21.51 to $38.00 in a research note on Thursday, October 13th. Two investment analysts have rated the stock with a hold rating and sixteen 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 Marie A. Chandoha sold 6,076 shares of the stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $32.00, for a total value of $194,432.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Nigel J. Murtagh sold 13,000 shares of the stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $38.82, for a total transaction of $504,660.00. Following the completion of the transaction, the executive vice president now directly owns 47,863 shares of the company’s stock, valued at $1,858,041.66. 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

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