Soros Fund Management LLC decreased its holdings in shares of Charles Schwab Co. Common Stock (NYSE:SCHW) by 40.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 206,733 shares of the financial services provider’s stock after selling 141,648 shares during the period. Soros Fund Management LLC’s holdings in Charles Schwab Co. Common Stock were worth $10,564,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. IFG Advisory LLC boosted its stake in Charles Schwab Co. Common Stock by 11.3% in the 2nd quarter. IFG Advisory LLC now owns 10,087 shares of the financial services provider’s stock worth $515,000 after purchasing an additional 1,026 shares during the period. Gibraltar Capital Management Inc. raised its holdings in shares of Charles Schwab Co. Common Stock by 0.9% in the 2nd quarter. Gibraltar Capital Management Inc. now owns 113,017 shares of the financial services provider’s stock valued at $5,775,000 after purchasing an additional 1,057 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management raised its holdings in shares of Charles Schwab Co. Common Stock by 11.0% in the 2nd quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 10,806 shares of the financial services provider’s stock valued at $552,000 after purchasing an additional 1,068 shares during the period. Parallel Advisors LLC raised its holdings in shares of Charles Schwab Co. Common Stock by 13.4% in the 1st quarter. Parallel Advisors LLC now owns 9,186 shares of the financial services provider’s stock valued at $480,000 after purchasing an additional 1,083 shares during the period. Finally, Bbva Compass Bancshares Inc. raised its holdings in shares of Charles Schwab Co. Common Stock by 8.1% in the 2nd quarter. Bbva Compass Bancshares Inc. now owns 14,972 shares of the financial services provider’s stock valued at $765,000 after purchasing an additional 1,121 shares during the period. Institutional investors own 80.30% of the company’s stock.

In other Charles Schwab Co. Common Stock news, Chairman Charles R. Schwab sold 190,500 shares of the stock in a transaction that occurred on Tuesday, July 24th. The shares were sold at an average price of $52.75, for a total transaction of $10,048,875.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Christopher V. Dodds sold 15,718 shares of the stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $51.14, for a total transaction of $803,818.52. Following the transaction, the director now owns 7,592 shares in the company, valued at approximately $388,254.88. The disclosure for this sale can be found here. Corporate insiders own 11.50% of the company’s stock.

Several research firms have weighed in on SCHW. Morgan Stanley increased their price target on shares of Charles Schwab Co. Common Stock from $63.00 to $65.00 and gave the company an “overweight” rating in a report on Wednesday, July 25th. JPMorgan Chase & Co. set a $59.00 price target on shares of Charles Schwab Co. Common Stock and gave the company a “buy” rating in a report on Monday, July 16th. Zacks Investment Research cut shares of Charles Schwab Co. Common Stock from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th. Jefferies Financial Group reissued a “buy” rating and issued a $66.00 price target on shares of Charles Schwab Co. Common Stock in a report on Monday, July 16th. Finally, Wells Fargo & Co increased their price target on shares of Charles Schwab Co. Common Stock from $54.00 to $56.00 and gave the company a “$54.22” rating in a report on Wednesday, July 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. Charles Schwab Co. Common Stock has a consensus rating of “Hold” and an average target price of $57.80.

Charles Schwab Co. Common Stock stock opened at $50.42 on Friday. The stock has a market capitalization of $68.51 billion, a price-to-earnings ratio of 30.74, a P/E/G ratio of 1.27 and a beta of 1.53. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.33. Charles Schwab Co. Common Stock has a twelve month low of $38.20 and a twelve month high of $60.22.

Charles Schwab Co. Common Stock (NYSE:SCHW) last announced its earnings results on Tuesday, July 17th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.02. Charles Schwab Co. Common Stock had a net margin of 30.83% and a return on equity of 17.96%. The firm had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the prior year, the business posted $0.39 EPS. The business’s revenue was up 16.7% compared to the same quarter last year. equities analysts forecast that Charles Schwab Co. Common Stock will post 2.43 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 24th. Shareholders of record on Friday, August 10th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Thursday, August 9th. This is a positive change from Charles Schwab Co. Common Stock’s previous quarterly dividend of $0.10. Charles Schwab Co. Common Stock’s dividend payout ratio is presently 31.71%.

Charles Schwab Co. Common Stock Company Profile

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.

Further Reading: Return on Investment (ROI) Defined, Explained

Want to see what other hedge funds are holding SCHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Charles Schwab Co. Common Stock (NYSE:SCHW).

Institutional Ownership by Quarter for Charles Schwab Co. Common Stock (NYSE:SCHW)

Receive News & Ratings for Charles Schwab Co. Common Stock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charles Schwab Co. Common Stock and related companies with MarketBeat.com's FREE daily email newsletter.