FUKOKU MUTUAL LIFE INSURANCE Co maintained its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,550 shares of the financial services provider’s stock at the close of the 2nd quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in The Charles Schwab Corporation were worth $281,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of SCHW. American Century Companies Inc. lifted its holdings in The Charles Schwab Corporation by 19.4% during the second quarter. American Century Companies Inc. now owns 4,139,650 shares of the financial services provider’s stock valued at $177,839,000 after purchasing an additional 673,011 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of The Charles Schwab Corporation by 17.3% in the second quarter. Principal Financial Group Inc. now owns 3,100,144 shares of the financial services provider’s stock valued at $133,182,000 after purchasing an additional 457,591 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of The Charles Schwab Corporation by 1.6% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,417,577 shares of the financial services provider’s stock valued at $103,859,000 after purchasing an additional 38,306 shares during the period. Bank of Nova Scotia grew its position in shares of The Charles Schwab Corporation by 932.5% in the first quarter. Bank of Nova Scotia now owns 278,070 shares of the financial services provider’s stock valued at $11,348,000 after purchasing an additional 251,139 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of The Charles Schwab Corporation by 1.3% in the second quarter. JPMorgan Chase & Co. now owns 39,576,199 shares of the financial services provider’s stock valued at $1,700,193,000 after purchasing an additional 491,451 shares during the period. 79.53% of the stock is owned by institutional investors.

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In other The Charles Schwab Corporation news, EVP Terri R. Kallsen sold 1,000 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now owns 5,212 shares of the company’s stock, valued at $203,215.88. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Marie A. Chandoha sold 6,018 shares of the business’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $44.06, for a total value of $265,153.08. The disclosure for this sale can be found here. Insiders sold 995,348 shares of company stock valued at $42,831,733 over the last quarter. Insiders own 12.00% of the company’s stock.

A number of research analysts recently weighed in on SCHW shares. Nomura lowered shares of The Charles Schwab Corporation from a “buy” rating to a “neutral” rating in a research note on Monday, July 24th. BidaskClub upgraded The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Instinet reiterated a “neutral” rating and set a $43.00 price objective (down from $46.00) on shares of The Charles Schwab Corporation in a research note on Monday, July 24th. Argus reissued a “buy” rating and set a $48.00 target price (up previously from $46.00) on shares of The Charles Schwab Corporation in a report on Friday, July 21st. Finally, Morgan Stanley reissued an “overweight” rating and set a $51.00 target price (up previously from $48.00) on shares of The Charles Schwab Corporation in a report on Tuesday, July 25th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The Charles Schwab Corporation presently has an average rating of “Buy” and an average target price of $45.47.

The Charles Schwab Corporation (SCHW) traded up 0.536% during trading on Tuesday, reaching $44.276. 1,623,561 shares of the company’s stock traded hands. The firm has a 50 day moving average of $40.60 and a 200 day moving average of $40.80. The firm has a market capitalization of $59.29 billion, a PE ratio of 29.715 and a beta of 1.68. The Charles Schwab Corporation has a 1-year low of $30.66 and a 1-year high of $44.35.

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, hitting the consensus estimate of $0.39. The business had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.13 billion. The Charles Schwab Corporation had a return on equity of 15.41% and a net margin of 26.73%. The business’s revenue was up 16.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 earnings per share. Equities analysts forecast that The Charles Schwab Corporation will post $1.61 EPS for the current year.

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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