Profund Advisors LLC reduced its stake in The Charles Schwab Corporation (NYSE:SCHW) by 23.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,984 shares of the financial services provider’s stock after selling 9,406 shares during the quarter. Profund Advisors LLC’s holdings in The Charles Schwab Corporation were worth $1,331,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in 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 acquiring an additional 3,063,203 shares during the period. BlackRock Inc. raised its holdings in The Charles Schwab Corporation by 2.5% in the 2nd quarter. BlackRock Inc. now owns 73,666,134 shares of the financial services provider’s stock valued at $3,164,699,000 after acquiring an additional 1,790,015 shares during the period. JPMorgan Chase & Co. raised its holdings in The Charles Schwab Corporation by 1.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 39,576,199 shares of the financial services provider’s stock valued at $1,700,193,000 after acquiring an additional 491,451 shares during the period. FMR LLC raised its holdings in 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 acquiring an additional 4,259,181 shares during the period. Finally, Theleme Partners LLP raised its holdings in The Charles Schwab Corporation by 5.6% in the 1st quarter. Theleme Partners LLP now owns 13,646,900 shares of the financial services provider’s stock valued at $556,930,000 after acquiring an additional 720,000 shares during the period. 79.53% of the stock is currently owned by hedge funds and other institutional investors.

In other The Charles Schwab Corporation news, insider Marie A. Chandoha sold 9,705 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $43.17, for a total value of $418,964.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Terri R. Kallsen sold 1,000 shares of the business’s 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 completion of the transaction, 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. Insiders have sold a total of 925,122 shares of company stock worth $39,733,977 in the last ninety days. 12.00% of the stock is currently owned by insiders.

Several research firms have weighed in on SCHW. Jefferies Group LLC reissued a “buy” rating and issued a $48.00 price target on shares of The Charles Schwab Corporation in a report on Wednesday, May 31st. BidaskClub upgraded shares of The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Morgan Stanley restated an “overweight” rating and set 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 restated 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 research report on Monday, June 12th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $46.00 target price on shares of The Charles Schwab Corporation in a research report on Friday, June 16th. One equities research 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’s stock. The Charles Schwab Corporation has a consensus rating of “Buy” and a consensus price target of $44.83.

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Shares of The Charles Schwab Corporation (SCHW) opened at 41.04 on Wednesday. The company’s 50 day moving average is $40.42 and its 200 day moving average is $40.76. The firm has a market cap of $54.96 billion, a price-to-earnings ratio of 27.54 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 Charles Schwab Corporation (NYSE:SCHW) last posted its earnings results on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.39. The business 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 Charles Schwab Corporation’s revenue was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 EPS. Analysts anticipate that The Charles Schwab Corporation will post $1.61 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Friday, August 11th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Wednesday, August 9th. The Charles Schwab Corporation’s dividend payout ratio (DPR) is presently 21.48%.

The Charles Schwab Corporation 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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