IFP Advisors Inc increased its position in The Charles Schwab Corporation (NYSE:SCHW) by 26.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,749 shares of the financial services provider’s stock after buying an additional 1,623 shares during the period. IFP Advisors Inc’s holdings in The Charles Schwab Corporation were worth $333,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of SCHW. Fox Run Management L.L.C. boosted its position in The Charles Schwab Corporation by 82.8% in the first quarter. Fox Run Management L.L.C. now owns 17,000 shares of the financial services provider’s stock worth $694,000 after buying an additional 7,700 shares during the period. Pinnacle Bank bought a new position in The Charles Schwab Corporation during the first quarter worth approximately $119,000. Regent Investment Management LLC bought a new position in The Charles Schwab Corporation during the first quarter worth approximately $2,325,000. Reilly Financial Advisors LLC boosted its position in The Charles Schwab Corporation by 10.0% in the first quarter. Reilly Financial Advisors LLC now owns 4,571 shares of the financial services provider’s stock worth $187,000 after buying an additional 415 shares during the period. Finally, SeaBridge Investment Advisors LLC boosted its position in The Charles Schwab Corporation by 12.6% in the first quarter. SeaBridge Investment Advisors LLC now owns 87,780 shares of the financial services provider’s stock worth $3,582,000 after buying an additional 9,845 shares during the period. 79.45% of the stock is owned by hedge funds and other institutional investors.

The Charles Schwab Corporation (SCHW) opened at 40.74 on Thursday. The firm’s 50-day moving average is $42.59 and its 200 day moving average is $41.00. The company has a market cap of $54.56 billion, a price-to-earnings ratio of 27.34 and a beta of 1.63. The Charles Schwab Corporation has a 12-month low of $29.86 and a 12-month high of $44.10.

The Charles Schwab Corporation (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.39. The Charles Schwab Corporation had a return on equity of 15.41% and a net margin of 26.73%. The firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the previous year, the company posted $0.30 earnings per share. The business’s revenue was up 16.5% on a year-over-year basis. On average, equities analysts expect that The Charles Schwab Corporation will post $1.61 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, August 11th will be given a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $0.32 annualized dividend and a yield of 0.79%. The Charles Schwab Corporation’s payout ratio is currently 21.48%.

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A number of research analysts have recently commented on SCHW shares. SunTrust Banks, Inc. dropped their target price on shares of The Charles Schwab Corporation from $45.00 to $44.00 and set a “buy” rating for the company in a report on Wednesday, April 19th. Citigroup Inc. reissued a “buy” rating and issued a $43.00 target price (down previously from $45.00) on shares of The Charles Schwab Corporation in a report on Saturday, April 22nd. Deutsche Bank AG dropped their target price on shares of The Charles Schwab Corporation from $45.00 to $44.00 and set a “buy” rating for the company in a report on Monday, April 24th. Jefferies Group LLC increased their target price on shares of The Charles Schwab Corporation from $47.00 to $48.00 and gave the stock a “buy” rating in a report on Monday, April 24th. Finally, Wells Fargo & Company reissued a “market perform” rating and issued a $44.00 target price (up previously from $42.00) on shares of The Charles Schwab Corporation in a report on Monday, June 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The Charles Schwab Corporation has a consensus rating of “Buy” and a consensus price target of $44.00.

In other The Charles Schwab Corporation news, Chairman Charles R. Schwab sold 26,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $42.80, for a total value of $1,112,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Terri R. Kallsen sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $43.07, for a total value of $86,140.00. Following the completion of the sale, the executive vice president now owns 5,212 shares of the company’s stock, valued at approximately $224,480.84. The disclosure for this sale can be found here. Insiders sold 924,122 shares of company stock valued at $39,694,987 in the last quarter. Corporate insiders own 12.00% of the company’s stock.

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.

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

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