Captrust Financial Advisors purchased a new position in shares of The Charles Schwab Corporation (NYSE:SCHW) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,365 shares of the financial services provider’s stock, valued at approximately $273,000.

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

Shares of The Charles Schwab Corporation (NYSE SCHW) opened at 40.21 on Friday. The Charles Schwab Corporation has a 12-month low of $29.86 and a 12-month high of $44.10. The stock’s 50 day moving average price is $40.53 and its 200-day moving average price is $40.80. The firm has a market cap of $53.85 billion, a P/E ratio of 26.99 and a beta of 1.64.

The Charles Schwab Corporation (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.39 EPS for the quarter, meeting analysts’ consensus estimates of $0.39. The Charles Schwab Corporation had a return on equity of 15.41% and a net margin of 26.73%. The firm had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the prior year, the firm earned $0.30 EPS. The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. On average, analysts predict that The Charles Schwab Corporation will post $1.61 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Friday, August 11th were given a dividend of $0.08 per share. The ex-dividend date 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 presently 21.48%.

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In other news, 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 transaction of $454,628.40. Following the transaction, the executive vice president now owns 5,212 shares of the company’s stock, valued at approximately $224,897.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Terri R. Kallsen sold 1,000 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $38.99, for a total value of $38,990.00. Following the transaction, the executive vice president now directly owns 5,212 shares in the company, valued at approximately $203,215.88. The disclosure for this sale can be found here. Insiders have sold a total of 925,122 shares of company stock worth $39,733,977 in the last ninety days. Insiders own 12.00% of the company’s stock.

Several equities research analysts have recently commented on the company. BidaskClub raised The Charles Schwab Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday. Citigroup Inc. assumed coverage on The Charles Schwab Corporation in a report on Thursday, July 13th. They issued a “neutral” rating and a $46.00 price objective for the company. Rosenblatt Securities assumed coverage on The Charles Schwab Corporation in a report on Thursday, July 13th. They set a “neutral” rating and a $46.00 price target for the company. Barclays PLC assumed coverage on The Charles Schwab Corporation in a report on Friday, September 8th. They set an “overweight” rating and a $48.00 price target for the company. Finally, Deutsche Bank AG downgraded The Charles Schwab Corporation from a “buy” rating to a “hold” rating and raised their price target for the company from $40.00 to $43.00 in a report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $44.72.

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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