Royce & Associates LP decreased its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 5.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 20,900 shares of the financial services provider’s stock after selling 1,100 shares during the period. Royce & Associates LP’s holdings in The Charles Schwab Corporation were worth $898,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. BlackRock Inc. boosted its position 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 valued at $2,933,263,000 after buying an additional 68,320,480 shares during the last quarter. Findlay Park Partners LLP purchased a new stake in The Charles Schwab Corporation in the first quarter valued at approximately $218,669,000. FMR LLC boosted its position 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 valued at $1,127,886,000 after buying an additional 4,259,181 shares during the last quarter. Vanguard Group Inc. boosted its position 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 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 position 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 valued at $259,851,000 after buying an additional 2,605,949 shares during the last quarter. Institutional investors and hedge funds own 79.60% of the company’s stock.

A number of equities research analysts recently commented on the company. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $47.00 target price on shares of The Charles Schwab Corporation in a research report on Friday. Jefferies Group LLC restated a “buy” rating and issued a $49.00 price objective on shares of The Charles Schwab Corporation in a research report on Friday. BidaskClub upgraded The Charles Schwab Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday. Barclays PLC started coverage on The Charles Schwab Corporation in a research report on Friday, September 8th. They issued an “overweight” rating and a $48.00 price objective on the stock. Finally, Morgan Stanley restated an “overweight” rating and issued a $51.00 price objective (up previously from $48.00) on shares of The Charles Schwab Corporation in a research report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $44.83.

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The Charles Schwab Corporation (SCHW) opened at 40.21 on Friday. The firm has a market capitalization of $53.85 billion, a P/E ratio of 26.99 and a beta of 1.64. The company has a 50-day moving average price of $40.53 and a 200 day moving average price of $40.80. The Charles Schwab Corporation has a 1-year low of $29.86 and a 1-year high of $44.10.

The Charles Schwab Corporation (NYSE:SCHW) last posted its earnings results on Tuesday, July 18th. The financial services provider reported $0.39 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.39. The company 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 quarterly 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 earnings per share. Analysts expect that The Charles Schwab Corporation will post $1.61 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Friday, August 11th were issued a $0.08 dividend. 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 (DPR) is 21.48%.

In other news, EVP Terri R. Kallsen sold 1,000 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $38.99, for a total value of $38,990.00. Following the completion of the transaction, the executive vice president now directly owns 5,212 shares of the company’s stock, valued at $203,215.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Charles R. Schwab sold 350,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $43.10, for a total value of $15,085,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 925,122 shares of company stock valued at $39,733,977. 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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