EP Wealth Advisors LLC increased its position in The Charles Schwab Corporation (NYSE:SCHW) by 1.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 198,892 shares of the financial services provider’s stock after buying an additional 2,882 shares during the quarter. The Charles Schwab Corporation accounts for approximately 1.0% of EP Wealth Advisors LLC’s holdings, making the stock its 27th biggest holding. EP Wealth Advisors LLC’s holdings in The Charles Schwab Corporation were worth $8,544,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. WealthTrust Arizona LLC increased its stake in shares of The Charles Schwab Corporation by 1.2% in the second quarter. WealthTrust Arizona LLC now owns 2,466 shares of the financial services provider’s stock worth $106,000 after buying an additional 29 shares during the period. Lowe Brockenbrough & Co. Inc. increased its stake in shares of The Charles Schwab Corporation by 0.9% in the second quarter. Lowe Brockenbrough & Co. Inc. now owns 6,770 shares of the financial services provider’s stock worth $291,000 after buying an additional 62 shares during the period. Norway Savings Bank increased its stake in shares of The Charles Schwab Corporation by 0.7% in the second quarter. Norway Savings Bank now owns 9,583 shares of the financial services provider’s stock worth $412,000 after buying an additional 63 shares during the period. Atria Investments LLC increased its stake in shares of The Charles Schwab Corporation by 0.4% in the second quarter. Atria Investments LLC now owns 15,025 shares of the financial services provider’s stock worth $645,000 after buying an additional 65 shares during the period. Finally, Guardian Life Insurance Co. of America increased its stake in shares of The Charles Schwab Corporation by 1.5% in the first quarter. Guardian Life Insurance Co. of America now owns 4,692 shares of the financial services provider’s stock worth $191,000 after buying an additional 70 shares during the period. 79.53% of the stock is currently owned by institutional investors.

Several research analysts recently commented on the stock. BidaskClub downgraded shares of The Charles Schwab Corporation from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Barclays PLC lifted their target price on shares of The Charles Schwab Corporation from $48.00 to $51.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 10th. Morgan Stanley lifted their target price on shares of The Charles Schwab Corporation from $51.00 to $53.00 and gave the stock an “overweight” rating in a research note on Thursday, October 5th. Citigroup Inc. started coverage on shares of The Charles Schwab Corporation in a research note on Thursday, July 13th. They issued a “neutral” rating and a $46.00 target price on the stock. Finally, Rosenblatt Securities started coverage on shares of The Charles Schwab Corporation in a report on Thursday, July 13th. They issued a “neutral” rating and a $46.00 price target on the stock. Six investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The Charles Schwab Corporation has an average rating of “Buy” and an average target price of $46.80.

Shares of The Charles Schwab Corporation (NYSE SCHW) traded down 0.67% during mid-day trading on Friday, hitting $44.73. 6,821,689 shares of the stock were exchanged. The stock’s 50 day moving average is $41.93 and its 200 day moving average is $41.07. The Charles Schwab Corporation has a 12 month low of $30.66 and a 12 month high of $46.21. The firm has a market cap of $59.90 billion, a P/E ratio of 30.02 and a beta of 1.68.

The Charles Schwab Corporation (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates 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 for the quarter was up 16.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 earnings per share. Analysts expect that The Charles Schwab Corporation will post $1.61 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This news story was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another site, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this news story can be read at https://www.thecerbatgem.com/2017/10/15/ep-wealth-advisors-llc-has-8-54-million-position-in-the-charles-schwab-corporation-schw.html.

In related news, EVP Joseph R. Martinetto sold 115,642 shares of the firm’s stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $42.10, for a total transaction of $4,868,528.20. Following the sale, the executive vice president now owns 210,868 shares of the company’s stock, valued at $8,877,542.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Joseph R. Martinetto sold 89,330 shares of the firm’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $42.51, for a total value 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,035,705 shares of company stock worth $44,665,539. Insiders own 12.00% of the company’s stock.

About The Charles Schwab Corporation

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)

Receive News & Stock Ratings for The Charles Schwab Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Charles Schwab Corporation and related stocks with our FREE daily email newsletter.