Janus Capital Management LLC increased its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 19.9% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 3,850,390 shares of the financial services provider’s stock after buying an additional 637,849 shares during the period. Janus Capital Management LLC owned approximately 0.29% of The Charles Schwab Corporation worth $157,134,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SCHW. Pinnacle Bank acquired a new stake in shares of The Charles Schwab Corporation during the first quarter worth $119,000. First Bank & Trust raised its position in 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 valued at $128,000 after buying an additional 109 shares in the last quarter. YorkBridge Wealth Partners LLC raised its position in 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 valued at $131,000 after buying an additional 287 shares in the last quarter. Quadrant Capital Group LLC raised its position in 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 valued at $133,000 after buying an additional 207 shares in the last quarter. Finally, FTB Advisors Inc. raised its position in 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 valued at $151,000 after buying an additional 3,025 shares in the last quarter. 79.41% of the stock is currently owned by hedge funds and other institutional investors.

Shares of The Charles Schwab Corporation (SCHW) opened at 42.72 on Wednesday. The Charles Schwab Corporation has a 52-week low of $29.23 and a 52-week high of $44.10. The stock has a 50 day moving average of $42.71 and a 200-day moving average of $41.02. The stock has a market capitalization of $57.16 billion, a price-to-earnings ratio of 28.67 and a beta of 1.63.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, August 11th will be issued a dividend of $0.08 per share. 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 dividend payout ratio (DPR) is currently 21.48%.

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A number of brokerages recently issued reports on SCHW. Deutsche Bank AG lowered shares of The Charles Schwab Corporation from a “buy” rating to a “hold” rating and increased their target price for the company from $40.00 to $43.00 in a research report on Tuesday, July 11th. Morgan Stanley reiterated an “overweight” rating and issued a $48.00 target price (up previously from $45.00) on shares of The Charles Schwab Corporation in a research report on Monday, July 10th. Citigroup Inc. began coverage on shares of The Charles Schwab Corporation in a research report on Thursday, July 13th. They issued a “neutral” rating and a $46.00 target price for the company. Rosenblatt Securities began coverage on shares of The Charles Schwab Corporation in a research report on Thursday, July 13th. They issued a “neutral” rating and a $46.00 target price for the company. Finally, BidaskClub lowered shares of The Charles Schwab Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The Charles Schwab Corporation currently 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 business’s stock in a transaction dated Friday, August 4th. The stock was 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 can be accessed through this hyperlink. Also, Chairman Charles R. Schwab sold 26,000 shares of The Charles Schwab Corporation stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $42.80, for a total value of $1,112,800.00. The disclosure for this sale can be found here. Insiders have sold 917,120 shares of company stock worth $39,401,183 over the last quarter. 12.00% of the stock is currently owned by corporate insiders.

The Charles Schwab Corporation Company Profile

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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