RiverPoint Capital Management LLC raised its stake in The Charles Schwab Corporation (NYSE:SCHW) by 2.0% during the second quarter, according to its most recent filing with the SEC. The fund owned 361,653 shares of the financial services provider’s stock after buying an additional 7,196 shares during the period. RiverPoint Capital Management LLC’s holdings in The Charles Schwab Corporation were worth $15,537,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. First Manhattan Co. boosted its stake in shares of The Charles Schwab Corporation by 395.9% in the first quarter. First Manhattan Co. now owns 1,252,265 shares of the financial services provider’s stock valued at $39,534,000 after buying an additional 999,750 shares during the period. 1ST Source Bank boosted its stake in shares of The Charles Schwab Corporation by 65.7% in the first quarter. 1ST Source Bank now owns 52,583 shares of the financial services provider’s stock worth $2,146,000 after buying an additional 20,847 shares during the last quarter. Park National Corp OH boosted its stake in shares of The Charles Schwab Corporation by 184.2% in the second quarter. Park National Corp OH now owns 43,433 shares of the financial services provider’s stock worth $1,866,000 after buying an additional 28,152 shares during the last quarter. Bank of Nova Scotia boosted its stake in shares of The Charles Schwab Corporation by 932.5% in the first quarter. Bank of Nova Scotia now owns 278,070 shares of the financial services provider’s stock worth $11,348,000 after buying an additional 251,139 shares during the last quarter. Finally, First Mercantile Trust Co. boosted its stake in shares of The Charles Schwab Corporation by 10.5% in the first quarter. First Mercantile Trust Co. now owns 78,728 shares of the financial services provider’s stock worth $3,213,000 after buying an additional 7,496 shares during the last quarter. 79.45% of the stock is currently owned by hedge funds and other institutional investors.

The Charles Schwab Corporation (SCHW) opened at 39.76 on Friday. The firm’s 50 day moving average is $41.90 and its 200-day moving average is $40.95. The firm has a market cap of $53.24 billion, a price-to-earnings ratio of 26.68 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 posted its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.39. The company had revenue of $2.13 billion for 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 15.41%. The firm’s revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.30 earnings per share. On average, equities analysts forecast that The Charles Schwab Corporation will post $1.61 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Friday, August 11th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend was Wednesday, August 9th. The Charles Schwab Corporation’s payout ratio is 21.48%.

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SCHW has been the topic of a number of research analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $48.00 target price on shares of The Charles Schwab Corporation in a report on Wednesday, May 31st. Deutsche Bank AG reaffirmed a “buy” rating and issued a $45.00 target price (up from $44.00) on shares of The Charles Schwab Corporation in a report on Monday, May 15th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $46.00 target price on shares of The Charles Schwab Corporation in a report on Friday, June 16th. BidaskClub raised shares of The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Finally, Argus reaffirmed a “buy” rating and issued a $48.00 target price (up from $46.00) on shares of The Charles Schwab Corporation in a report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $44.00.

In other The Charles Schwab Corporation news, insider Marie A. Chandoha sold 9,705 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $43.17, for a total transaction of $418,964.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Terri R. Kallsen sold 10,536 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $43.15, for a total transaction of $454,628.40. Following the sale, the executive vice president now owns 5,212 shares in the company, valued at approximately $224,897.80. The disclosure for this sale can be found here. In the last three months, insiders sold 924,122 shares of company stock worth $39,694,987. 12.00% of the stock is currently 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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