Cowen Inc. continued to hold its position in The Charles Schwab Corporation (NYSE:SCHW) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,500 shares of the financial services provider’s stock at the close of the 2nd quarter. Cowen Inc.’s holdings in The Charles Schwab Corporation were worth $709,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. WealthTrust Arizona LLC increased its position in shares of 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 in the last quarter. YorkBridge Wealth Partners LLC increased its position in shares of 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 acquiring an additional 287 shares in the last quarter. Shine Investment Advisory Services Inc. bought a new stake in shares of The Charles Schwab Corporation during the second quarter valued at approximately $145,000. Fiduciary Trust Co. bought a new stake in shares of The Charles Schwab Corporation during the second quarter valued at approximately $163,000. Finally, FTB Advisors Inc. increased its position in shares of 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 acquiring an additional 3,025 shares in the last quarter. Institutional investors own 79.60% of the company’s stock.

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

In related news, Chairman Charles R. Schwab sold 26,000 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $42.80, for a total transaction of $1,112,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Terri R. Kallsen sold 1,000 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 5,212 shares of the company’s stock, valued at approximately $203,215.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 925,122 shares of company stock worth $39,733,977. Insiders own 12.00% of the company’s stock.

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The Charles Schwab Corporation (SCHW) traded up 1.76% during trading on Tuesday, hitting $40.00. 3,062,541 shares of the stock traded hands. The stock has a market cap of $53.56 billion, a P/E ratio of 26.85 and a beta of 1.64. The Charles Schwab Corporation has a 52-week low of $29.86 and a 52-week high of $44.10. The company’s 50 day moving average price is $40.87 and its 200-day moving average price is $40.84.

The Charles Schwab Corporation (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.39 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.39. The firm had revenue of $2.13 billion for 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 firm’s revenue was up 16.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.30 EPS. Equities research analysts forecast that The Charles Schwab Corporation will post $1.62 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Friday, August 11th were issued a dividend of $0.08 per share. The ex-dividend date was Wednesday, August 9th. This represents a $0.32 annualized dividend and a dividend yield of 0.81%. 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.

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

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