Davidson Investment Advisors lowered its stake in The Charles Schwab Corporation (NYSE:SCHW) by 6.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,500 shares of the financial services provider’s stock after selling 900 shares during the period. Davidson Investment Advisors’ holdings in The Charles Schwab Corporation were worth $510,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the company. Pinnacle Bank acquired a new stake in The Charles Schwab Corporation during the first quarter valued at $119,000. First Bank & Trust raised its stake in shares of The Charles Schwab Corporation by 3.6% in the first quarter. First Bank & Trust now owns 3,125 shares of the financial services provider’s stock worth $128,000 after buying an additional 109 shares during the last quarter. YorkBridge Wealth Partners LLC raised its stake in shares of The Charles Schwab Corporation by 9.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 3,267 shares of the financial services provider’s stock worth $131,000 after buying an additional 287 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of The Charles Schwab Corporation by 6.4% in the first quarter. Quadrant Capital Group LLC now owns 3,449 shares of the financial services provider’s stock worth $133,000 after buying an additional 207 shares during the last quarter. Finally, FTB Advisors Inc. raised its stake in shares of The Charles Schwab Corporation by 365.8% in the first quarter. FTB Advisors Inc. now owns 3,852 shares of the financial services provider’s stock worth $151,000 after buying an additional 3,025 shares during the last quarter. 79.41% of the stock is currently owned by institutional investors.

The Charles Schwab Corporation (SCHW) traded down 0.53% on Monday, reaching $42.88. The company’s stock had a trading volume of 2,673,176 shares. The Charles Schwab Corporation has a 12-month low of $29.00 and a 12-month high of $44.10. The stock has a market cap of $57.37 billion, a PE ratio of 28.78 and a beta of 1.63. The company’s 50 day moving average price is $42.64 and its 200-day moving average price is $40.97.

The Charles Schwab Corporation (NYSE:SCHW) last released its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.39 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.39. The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.13 billion. The Charles Schwab Corporation had a net margin of 26.73% and a return on equity of 15.69%. The Charles Schwab Corporation’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 EPS. On average, equities analysts expect that The Charles Schwab Corporation will post $1.61 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, August 11th will be issued a $0.08 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $0.32 dividend on an annualized basis and a yield of 0.75%. The Charles Schwab Corporation’s payout ratio is 21.48%.

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A number of analysts have recently commented on SCHW shares. Citigroup Inc. reissued a “buy” rating and set a $43.00 price target (down from $45.00) on shares of The Charles Schwab Corporation in a research note on Saturday, April 22nd. Deutsche Bank AG restated a “buy” rating and set a $45.00 price objective (up from $44.00) on shares of The Charles Schwab Corporation in a research report on Monday, May 15th. SunTrust Banks, Inc. lowered their price objective on The Charles Schwab Corporation from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Wednesday, April 19th. Instinet restated a “conviction-buy” rating and set a $46.00 price objective (up from $44.00) on shares of The Charles Schwab Corporation in a research report on Friday, April 14th. Finally, Jefferies Group LLC lifted their target price on The Charles Schwab Corporation from $47.00 to $48.00 and gave the stock a “buy” rating in a report on Monday, April 24th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $44.00.

In related news, Chairman Charles R. Schwab sold 290,000 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $43.27, for a total transaction of $12,548,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Charles R. Schwab sold 350,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $43.10, for a total transaction of $15,085,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 893,913 shares of company stock valued at $38,402,586. 12.00% of the stock is owned by insiders.

About The Charles Schwab Corporation

The Charles Schwab Corporation (CSC) 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.

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

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