HPM Partners LLC grew its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 304.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 97,189 shares of the financial services provider’s stock after acquiring an additional 73,140 shares during the period. HPM Partners LLC’s holdings in The Charles Schwab Corporation were worth $5,821,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. raised its stake in The Charles Schwab Corporation by 1,921.5% in the first quarter. BlackRock Inc. now owns 71,876,119 shares of the financial services provider’s stock worth $2,933,263,000 after buying an additional 68,320,480 shares in the last quarter. Findlay Park Partners LLP bought a new position in The Charles Schwab Corporation in the first quarter worth about $218,669,000. FMR LLC raised its stake in The Charles Schwab Corporation by 18.2% in the first quarter. FMR LLC now owns 27,637,472 shares of the financial services provider’s stock worth $1,127,886,000 after buying an additional 4,259,181 shares in the last quarter. Vanguard Group Inc. raised its stake in The Charles Schwab Corporation by 4.0% in the first quarter. Vanguard Group Inc. now owns 79,388,639 shares of the financial services provider’s stock worth $3,239,850,000 after buying an additional 3,063,203 shares in the last quarter. Finally, Waddell & Reed Financial Inc. raised its stake in The Charles Schwab Corporation by 69.3% in the first quarter. Waddell & Reed Financial Inc. now owns 6,367,351 shares of the financial services provider’s stock worth $259,851,000 after buying an additional 2,605,949 shares in the last quarter. 79.60% of the stock is owned by hedge funds and other institutional investors.

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A number of research firms recently issued reports on SCHW. BidaskClub downgraded shares of The Charles Schwab Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday. Barclays PLC began coverage on shares of The Charles Schwab Corporation in a research note on Friday. They issued an “overweight” rating and a $48.00 price target for the company. Morgan Stanley reissued an “overweight” rating and issued a $51.00 price target (up from $48.00) on shares of The Charles Schwab Corporation in a research note on Tuesday, July 25th. Nomura downgraded shares of The Charles Schwab Corporation from a “buy” rating to a “neutral” rating in a research note on Monday, July 24th. Finally, Instinet reissued a “neutral” rating and issued a $43.00 price target (down from $46.00) on shares of The Charles Schwab Corporation in a research note on Monday, July 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. The Charles Schwab Corporation presently has an average rating of “Buy” and an average price target of $44.72.

In other news, Chairman Charles R. Schwab sold 26,000 shares of The Charles Schwab Corporation stock in a transaction that occurred on Monday, July 31st. The shares were 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 SEC, which is accessible through this hyperlink. Also, EVP Terri R. Kallsen sold 10,536 shares of The Charles Schwab Corporation 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 completion of the transaction, the executive vice president now directly 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 ninety days, insiders sold 925,122 shares of company stock worth $39,733,977. Insiders own 12.00% of the company’s stock.

The Charles Schwab Corporation (NYSE:SCHW) traded up 2.6355% during midday trading on Friday, hitting $39.1144. 2,122,790 shares of the stock were exchanged. The firm’s 50 day moving average price is $41.01 and its 200 day moving average price is $40.87. The Charles Schwab Corporation has a 12 month low of $29.86 and a 12 month high of $44.10. The company has a market cap of $52.38 billion, a PE ratio of 26.2513 and a beta of 1.64.

The Charles Schwab Corporation (NYSE:SCHW) last issued 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 Charles Schwab Corporation had a net margin of 26.73% and a return on equity of 15.41%. The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the previous year, the firm earned $0.30 EPS. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. On average, equities research analysts forecast 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 given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date was Wednesday, August 9th. The Charles Schwab Corporation’s payout ratio is currently 21.48%.

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.

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

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