Ameriprise Financial Inc. trimmed its stake in The Charles Schwab Corporation (NYSE:SCHW) by 1.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 12,929,929 shares of the financial services provider’s stock after selling 190,500 shares during the period. Ameriprise Financial Inc. owned about 0.97% of The Charles Schwab Corporation worth $555,486,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in SCHW. WealthTrust Arizona LLC raised its stake in shares of The Charles Schwab Corporation by 1.2% in the 2nd 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. YorkBridge Wealth Partners LLC raised its stake in shares of The Charles Schwab Corporation by 9.6% in the 1st 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 during the period. Shine Investment Advisory Services Inc. purchased a new stake in shares of The Charles Schwab Corporation in the 2nd quarter valued at approximately $145,000. FTB Advisors Inc. raised its stake in shares of The Charles Schwab Corporation by 365.8% in the 1st 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 during the period. Finally, Founders Capital Management purchased a new stake in shares of The Charles Schwab Corporation in the 1st quarter valued at approximately $159,000. 79.60% of the stock is currently owned by institutional investors and hedge funds.

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The Charles Schwab Corporation (NYSE SCHW) traded down 0.715% on Wednesday, reaching $39.555. 1,617,611 shares of the company’s stock traded hands. The firm has a market capitalization of $52.97 billion, a P/E ratio of 26.547 and a beta of 1.64. The stock has a 50-day moving average of $40.83 and a 200 day moving average of $40.83. The Charles Schwab Corporation has a 52 week low of $29.86 and a 52 week high of $44.10.

The Charles Schwab Corporation (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.39. The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.13 billion. The Charles Schwab Corporation had a net margin of 26.73% and a return on equity of 15.41%. The business’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 earnings per share. On average, equities analysts expect that The Charles Schwab Corporation will post $1.62 EPS 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 paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.80%. The Charles Schwab Corporation’s dividend payout ratio is currently 21.48%.

A number of research firms have recently issued reports on SCHW. Nomura downgraded shares of The Charles Schwab Corporation from a “buy” rating to a “neutral” rating in a research note on Monday, July 24th. BidaskClub raised shares of The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. 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. Jefferies Group LLC reissued a “buy” rating and issued a $48.00 price target on shares of The Charles Schwab Corporation in a research note on Wednesday, May 31st. Finally, Argus reissued a “buy” rating and issued a $48.00 price target (up from $46.00) on shares of The Charles Schwab Corporation in a research note on Friday, July 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $44.72.

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 transaction of $454,628.40. Following the sale, the executive vice president now owns 5,212 shares in the company, valued at $224,897.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Charles R. Schwab sold 350,000 shares of The Charles Schwab Corporation stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $43.10, for a total transaction of $15,085,000.00. The disclosure for this sale can be found here. Insiders have sold 925,122 shares of company stock worth $39,733,977 in the last quarter. Insiders own 12.00% of the company’s stock.

The Charles Schwab Corporation Company 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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