Leisure Capital Management reduced its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 4.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,408 shares of the financial services provider’s stock after selling 2,554 shares during the quarter. The Charles Schwab Corporation makes up 2.2% of Leisure Capital Management’s portfolio, making the stock its 9th biggest holding. Leisure Capital Management’s holdings in The Charles Schwab Corporation were worth $2,466,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. WealthTrust Arizona LLC grew its position in The Charles Schwab Corporation by 1.2% during the second quarter. WealthTrust Arizona LLC now owns 2,466 shares of the financial services provider’s stock valued at $106,000 after acquiring an additional 29 shares during the period. Lowe Brockenbrough & Co. Inc. grew its position in The Charles Schwab Corporation by 0.9% during the second quarter. Lowe Brockenbrough & Co. Inc. now owns 6,770 shares of the financial services provider’s stock valued at $291,000 after acquiring an additional 62 shares during the period. Norway Savings Bank grew its position in The Charles Schwab Corporation by 0.7% during the second quarter. Norway Savings Bank now owns 9,583 shares of the financial services provider’s stock valued at $412,000 after acquiring an additional 63 shares during the period. Atria Investments LLC grew its position in The Charles Schwab Corporation by 0.4% during the second quarter. Atria Investments LLC now owns 15,025 shares of the financial services provider’s stock valued at $645,000 after acquiring an additional 65 shares during the period. Finally, Guardian Life Insurance Co. of America grew its position in The Charles Schwab Corporation by 1.5% during the first quarter. Guardian Life Insurance Co. of America now owns 4,692 shares of the financial services provider’s stock valued at $191,000 after acquiring an additional 70 shares during the period. Hedge funds and other institutional investors own 79.60% of the company’s stock.

In other news, EVP Terri R. Kallsen sold 10,536 shares of The Charles Schwab Corporation stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $43.15, for a total value of $454,628.40. Following the completion of the transaction, the executive vice president now owns 5,212 shares in the company, valued at $224,897.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Charles R. Schwab sold 290,000 shares of The Charles Schwab Corporation 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 924,122 shares of company stock valued at $39,694,987. Corporate insiders own 12.00% of the company’s stock.

Shares of The Charles Schwab Corporation (SCHW) traded up 0.65% during mid-day trading on Monday, hitting $40.16. The stock had a trading volume of 4,705,261 shares. The stock has a market cap of $53.78 billion, a price-to-earnings ratio of 26.95 and a beta of 1.64. The Charles Schwab Corporation has a one year low of $29.86 and a one year high of $44.10. The firm has a 50 day moving average of $41.40 and a 200 day moving average of $40.94.

The Charles Schwab Corporation (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates of $0.39. The firm had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.13 billion. The Charles Schwab Corporation had a net margin of 26.73% and a return on equity of 15.41%. The company’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.30 earnings per share. On average, analysts forecast that The Charles Schwab Corporation will post $1.61 earnings per share for the current year.

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

A number of equities research analysts have issued reports on the company. BidaskClub downgraded The Charles Schwab Corporation from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Citigroup Inc. started coverage on 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 started coverage on 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. Deutsche Bank AG downgraded The Charles Schwab Corporation from a “buy” rating to a “hold” rating and upped their target price for the stock from $40.00 to $43.00 in a research report on Tuesday, July 11th. Finally, Wells Fargo & Company reaffirmed 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 research report on Monday, June 12th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $44.00.

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The Charles Schwab Corporation 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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