Vantage Investment Advisors LLC raised its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 21.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 91,434 shares of the financial services provider’s stock after purchasing an additional 16,220 shares during the quarter. Vantage Investment Advisors LLC’s holdings in The Charles Schwab Corporation were worth $3,928,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SCHW. Vanguard Group Inc. lifted its holdings in The Charles Schwab Corporation by 4.0% during the 1st 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 during the last quarter. BlackRock Inc. lifted its holdings in The Charles Schwab Corporation by 1,921.5% during the 1st 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 during the last quarter. JPMorgan Chase & Co. lifted its holdings in The Charles Schwab Corporation by 1.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 39,576,199 shares of the financial services provider’s stock worth $1,700,193,000 after buying an additional 491,451 shares during the last quarter. FMR LLC lifted its holdings in The Charles Schwab Corporation by 18.2% during the 1st 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 during the last quarter. Finally, Theleme Partners LLP lifted its holdings in The Charles Schwab Corporation by 5.6% during the 1st quarter. Theleme Partners LLP now owns 13,646,900 shares of the financial services provider’s stock worth $556,930,000 after buying an additional 720,000 shares during the last quarter. Hedge funds and other institutional investors own 79.60% of the company’s stock.

Shares of The Charles Schwab Corporation (SCHW) traded up 1.50% during mid-day trading on Friday, reaching $38.68. The company’s stock had a trading volume of 6,466,377 shares. The Charles Schwab Corporation has a 12 month low of $29.86 and a 12 month high of $44.10. The company has a 50 day moving average of $40.91 and a 200-day moving average of $40.86. The firm has a market capitalization of $51.80 billion, a P/E ratio of 25.96 and a beta of 1.64.

The Charles Schwab Corporation (NYSE:SCHW) last announced its earnings results on Tuesday, July 18th. The financial services provider reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. The business had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.13 billion. The Charles Schwab Corporation had a return on equity of 15.41% and a net margin of 26.73%. The Charles Schwab Corporation’s revenue was up 16.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 EPS. Equities research analysts forecast that The Charles Schwab Corporation will post $1.61 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Friday, August 11th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Wednesday, August 9th. The Charles Schwab Corporation’s payout ratio is currently 21.48%.

A number of research firms have commented on SCHW. Jefferies Group LLC reaffirmed a “buy” rating and set a $48.00 target price on shares of The Charles Schwab Corporation in a report on Wednesday, May 31st. BidaskClub raised The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Morgan Stanley reaffirmed an “overweight” rating and set a $48.00 target price (up previously from $45.00) on shares of The Charles Schwab Corporation in a report on Monday, July 10th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $44.00 target price (up previously from $42.00) on shares of The Charles Schwab Corporation in a report on Monday, June 12th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $45.00 target price (up previously from $44.00) on shares of The Charles Schwab Corporation in a report on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. The Charles Schwab Corporation has a consensus rating of “Buy” and a consensus price target of $44.72.

In other The Charles Schwab Corporation news, EVP Terri R. Kallsen sold 1,000 shares of the company’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $38.99, for a total transaction of $38,990.00. Following the transaction, the executive vice president now owns 5,212 shares of the company’s stock, valued at approximately $203,215.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Terri R. Kallsen sold 10,536 shares of the company’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $43.15, for a total value of $454,628.40. Following 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. Insiders sold a total of 925,122 shares of company stock worth $39,733,977 over the last three months. 12.00% of the stock is owned by company insiders.

COPYRIGHT VIOLATION WARNING: “The Charles Schwab Corporation (SCHW) Holdings Raised by Vantage Investment Advisors LLC” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this story on another site, it was illegally copied and republished in violation of international copyright law. The correct version of this story can be accessed at https://www.thecerbatgem.com/2017/09/09/the-charles-schwab-corporation-schw-holdings-raised-by-vantage-investment-advisors-llc.html.

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)

Receive News & Stock Ratings for The Charles Schwab Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Charles Schwab Corporation and related stocks with our FREE daily email newsletter.