AGF Investments Inc. reduced its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 2.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,778,622 shares of the financial services provider’s stock after selling 47,155 shares during the period. AGF Investments Inc. owned about 0.13% of The Charles Schwab Corporation worth $76,428,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. WealthTrust Arizona LLC increased its holdings 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 buying an additional 29 shares during the last quarter. YorkBridge Wealth Partners LLC increased its holdings in The Charles Schwab Corporation by 9.6% during 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 during the last quarter. Shine Investment Advisory Services Inc. purchased a new stake in The Charles Schwab Corporation during the second quarter valued at approximately $145,000. FTB Advisors Inc. increased its holdings in The Charles Schwab Corporation by 365.8% during 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 during the last quarter. Finally, Founders Capital Management purchased a new stake in The Charles Schwab Corporation during the first quarter valued at approximately $159,000. 79.60% of the stock is owned by institutional investors and hedge funds.

In other news, EVP Terri R. Kallsen sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was 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 in the company, valued at $224,480.84. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Marie A. Chandoha sold 7,002 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $41.96, for a total value of $293,803.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 924,122 shares of company stock valued at $39,694,987. Insiders own 12.00% of the company’s stock.

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Shares of The Charles Schwab Corporation (NYSE SCHW) traded down 1.066% during trading on Thursday, hitting $38.515. 613,861 shares of the company were exchanged. The Charles Schwab Corporation has a 12 month low of $29.86 and a 12 month high of $44.10. The firm’s 50-day moving average price is $41.13 and its 200 day moving average price is $40.89. The firm has a market capitalization of $51.58 billion, a PE ratio of 25.849 and a beta of 1.64.

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 business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.13 billion. The Charles Schwab Corporation had a return on equity of 15.41% and a net margin of 26.73%. The company’s revenue was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 earnings per share. On average, equities research analysts expect that The Charles Schwab Corporation will post $1.61 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Friday, August 11th were issued a $0.08 dividend. The ex-dividend date was Wednesday, August 9th. This represents a $0.32 annualized dividend and a dividend yield of 0.82%. The Charles Schwab Corporation’s dividend payout ratio (DPR) is 21.48%.

A number of brokerages have commented on SCHW. BidaskClub cut shares of The Charles Schwab Corporation from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Citigroup Inc. began coverage on shares of The Charles Schwab Corporation in a report on Thursday, July 13th. They set 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 report on Thursday, July 13th. They set a “neutral” rating and a $46.00 target price for the company. Deutsche Bank AG cut shares of The Charles Schwab Corporation from a “buy” rating to a “hold” rating and upped their target price for the company from $40.00 to $43.00 in a report on Tuesday, July 11th. Finally, Wells Fargo & Company reissued a “market perform” rating and issued a $44.00 price objective (up from $42.00) on shares of The Charles Schwab Corporation in a research note on Monday, June 12th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $44.00.

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.

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

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