Seven Bridges Advisors LLC lowered its stake in The Charles Schwab Corp. (NYSE:SCHW) by 20.7% during the second quarter, Holdings Channel reports. The firm owned 15,088 shares of the company’s stock after selling 3,936 shares during the period. Seven Bridges Advisors LLC’s holdings in The Charles Schwab Corp. were worth $382,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Integrated Investment Consultants LLC increased its stake in The Charles Schwab Corp. by 33.9% in the second quarter. Integrated Investment Consultants LLC now owns 4,943 shares of the company’s stock worth $125,000 after buying an additional 1,252 shares during the last quarter. Balentine LLC increased its stake in The Charles Schwab Corp. by 201.4% in the first quarter. Balentine LLC now owns 6,875 shares of the company’s stock worth $193,000 after buying an additional 4,594 shares during the last quarter. NN Investment Partners Holdings N.V. acquired a new stake in The Charles Schwab Corp. during the first quarter worth $204,000. Checchi Capital Advisers LLC increased its stake in The Charles Schwab Corp. by 1.7% in the second quarter. Checchi Capital Advisers LLC now owns 8,857 shares of the company’s stock worth $224,000 after buying an additional 146 shares during the last quarter. Finally, Douglas Lane & Associates LLC increased its stake in The Charles Schwab Corp. by 6.3% in the second quarter. Douglas Lane & Associates LLC now owns 9,301 shares of the company’s stock worth $235,000 after buying an additional 550 shares during the last quarter. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Shares of The Charles Schwab Corp. (NYSE:SCHW) traded down 0.45% during trading on Tuesday, hitting $30.75. 4,335,119 shares of the stock were exchanged. The firm has a market capitalization of $40.68 billion, a price-to-earnings ratio of 26.51 and a beta of 1.52. The stock’s 50 day moving average price is $30.33 and its 200 day moving average price is $28.60. The Charles Schwab Corp. has a 52 week low of $21.51 and a 52 week high of $34.52.

The Charles Schwab Corp. (NYSE:SCHW) last released its earnings results on Monday, July 18th. The company reported $0.30 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30. The Charles Schwab Corp. had a net margin of 24.07% and a return on equity of 13.03%. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the firm earned $0.25 EPS. The firm’s quarterly revenue was up 16.7% compared to the same quarter last year. On average, equities analysts predict that The Charles Schwab Corp. will post $1.26 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 26th. Investors of record on Friday, August 12th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend was Wednesday, August 10th. The Charles Schwab Corp.’s dividend payout ratio is currently 24.35%.

A number of equities research analysts have recently weighed in on SCHW shares. Deutsche Bank AG dropped their price target on shares of The Charles Schwab Corp. from $35.00 to $33.00 and set a “buy” rating for the company in a research report on Thursday, June 16th. Jefferies Group dropped their price target on shares of The Charles Schwab Corp. from $36.00 to $34.00 and set a “buy” rating for the company in a research report on Thursday, July 7th. Zacks Investment Research upgraded shares of The Charles Schwab Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 16th. Citigroup Inc. lifted their price target on shares of The Charles Schwab Corp. from $28.50 to $31.50 and gave the company a “neutral” rating in a research report on Monday, July 25th. Finally, Barclays PLC lifted their price target on shares of The Charles Schwab Corp. from $29.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, August 9th. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $32.42.

In related news, EVP Terri R. Kallsen sold 6,894 shares of the stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $28.01, for a total transaction of $193,100.94. Following the transaction, the executive vice president now owns 17,822 shares of the company’s stock, valued at approximately $499,194.22. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Nigel J. Murtagh sold 2,500 shares of the stock in a transaction on Friday, August 5th. The shares were sold at an average price of $29.72, for a total transaction of $74,300.00. Following the transaction, the executive vice president now directly owns 35,137 shares in the company, valued at approximately $1,044,271.64. The disclosure for this sale can be found here. Corporate insiders own 12.60% of the company’s stock.

The Charles Schwab Corp. Company Profile

The Charles Schwab Corporation 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.

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