Virtu KCG Holdings LLC reduced its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 44.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,032 shares of the financial services provider’s stock after selling 11,374 shares during the period. Virtu KCG Holdings LLC’s holdings in The Charles Schwab Corporation were worth $603,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. WealthTrust Arizona LLC raised 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 worth $106,000 after acquiring an additional 29 shares in the last quarter. Shine Investment Advisory Services Inc. acquired a new stake in The Charles Schwab Corporation during the 2nd quarter worth $145,000. Founders Capital Management acquired a new stake in The Charles Schwab Corporation during the 1st quarter worth $159,000. Fiduciary Trust Co. acquired a new stake in The Charles Schwab Corporation during the 2nd quarter worth $163,000. Finally, Guardian Life Insurance Co. of America raised 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 worth $191,000 after acquiring an additional 70 shares in the last quarter. 79.53% of the stock is owned by institutional investors and hedge funds.

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

In other news, Chairman Charles R. Schwab sold 350,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $43.10, for a total transaction of $15,085,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Bernard J. Clark sold 75,244 shares of the stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $43.98, for a total value of $3,309,231.12. 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 over the last quarter. Insiders own 12.00% of the company’s stock.

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The Charles Schwab Corporation (SCHW) opened at 45.34 on Monday. The Charles Schwab Corporation has a 1-year low of $30.66 and a 1-year high of $46.21. The firm has a market capitalization of $60.72 billion, a price-to-earnings ratio of 30.43 and a beta of 1.68. The firm has a 50-day moving average of $41.08 and a 200-day moving average of $40.89.

The Charles Schwab Corporation (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share for the quarter, hitting analysts’ consensus estimates 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 quarterly revenue was up 16.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 EPS. On average, analysts expect that The Charles Schwab Corporation will post $1.62 earnings per share 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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