Gyroscope Capital Management Group LLC purchased a new stake in shares of The Charles Schwab Corporation (NYSE:SCHW) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 5,224 shares of the financial services provider’s stock, valued at approximately $224,000.

A number of other hedge funds also recently added to or reduced their stakes in SCHW. WealthTrust Arizona LLC boosted its stake in The Charles Schwab Corporation by 1.2% during the 2nd quarter. WealthTrust Arizona LLC now owns 2,466 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 29 shares during the last quarter. Shine Investment Advisory Services Inc. acquired a new position in The Charles Schwab Corporation during the 2nd quarter valued at about $145,000. Founders Capital Management acquired a new position in The Charles Schwab Corporation during the 1st quarter valued at about $159,000. Fiduciary Trust Co. acquired a new position in The Charles Schwab Corporation during the 2nd quarter valued at about $163,000. Finally, Guardian Life Insurance Co. of America boosted its stake in The Charles Schwab Corporation by 1.5% during the 1st quarter. Guardian Life Insurance Co. of America now owns 4,692 shares of the financial services provider’s stock valued at $191,000 after purchasing an additional 70 shares during the last quarter. Institutional investors and hedge funds own 79.53% of the company’s stock.

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A number of equities analysts have recently weighed in on SCHW shares. BidaskClub upgraded The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Morgan Stanley restated an “overweight” rating and issued a $48.00 target price (up previously from $45.00) on shares of The Charles Schwab Corporation in a research note on Monday, July 10th. Wells Fargo & Company restated a “market perform” rating and issued a $44.00 target price (up previously from $42.00) on shares of The Charles Schwab Corporation in a research note on Monday, June 12th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $46.00 target price on shares of The Charles Schwab Corporation in a research note on Friday, June 16th. Finally, Instinet restated a “neutral” rating and issued a $43.00 target price (down previously from $46.00) on shares of The Charles Schwab Corporation in a research note on Monday, July 24th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $45.69.

The Charles Schwab Corporation (SCHW) traded up 0.35% during midday trading on Friday, hitting $45.34. 14,787,083 shares of the company were exchanged. The stock has a market capitalization of $60.72 billion, a price-to-earnings ratio of 30.43 and a beta of 1.68. The stock has a 50 day moving average of $41.08 and a 200-day moving average of $40.89. The Charles Schwab Corporation has a 1-year low of $30.66 and a 1-year high of $46.21.

The Charles Schwab Corporation (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share for the quarter, hitting the Thomson Reuters’ 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 net margin of 26.73% and a return on equity of 15.41%. The company’s revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.30 EPS. Equities analysts expect that The Charles Schwab Corporation will post $1.62 earnings per share for the current year.

In other news, EVP Joseph R. Martinetto sold 89,330 shares of the firm’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $42.51, for a total transaction of $3,797,418.30. Following the sale, the executive vice president now directly owns 207,961 shares in the company, valued at approximately $8,840,422.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Terri R. Kallsen sold 1,000 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $38.99, for a total transaction of $38,990.00. Following the sale, the executive vice president now owns 5,212 shares in the company, valued at $203,215.88. The disclosure for this sale can be found here. Insiders have sold a total of 1,035,705 shares of company stock worth $44,665,539 in the last quarter. Corporate insiders own 12.00% of the company’s stock.

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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