Osborne Partners Capital Management LLC increased its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 0.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,161 shares of the financial services provider’s stock after buying an additional 90 shares during the period. Osborne Partners Capital Management LLC’s holdings in The Charles Schwab Corporation were worth $608,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. WealthTrust Arizona LLC increased its stake in 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 valued at $106,000 after buying an additional 29 shares during the period. Pinnacle Bank bought a new stake in The Charles Schwab Corporation during the first quarter valued at $119,000. First Bank & Trust increased its stake in The Charles Schwab Corporation by 3.6% in the first quarter. First Bank & Trust now owns 3,125 shares of the financial services provider’s stock valued at $128,000 after buying an additional 109 shares during the period. YorkBridge Wealth Partners LLC increased its stake in The Charles Schwab Corporation by 9.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 3,267 shares of the financial services provider’s stock valued at $131,000 after buying an additional 287 shares during the period. Finally, Quadrant Capital Group LLC increased its stake in The Charles Schwab Corporation by 6.4% in the first quarter. Quadrant Capital Group LLC now owns 3,449 shares of the financial services provider’s stock valued at $133,000 after buying an additional 207 shares during the period. Hedge funds and other institutional investors own 79.25% of the company’s stock.

Shares of The Charles Schwab Corporation (NYSE SCHW) traded up 0.54% during trading on Friday, hitting $43.11. 4,507,607 shares of the company were exchanged. The Charles Schwab Corporation has a 12 month low of $27.87 and a 12 month high of $44.10. The stock has a market cap of $57.68 billion, a P/E ratio of 28.93 and a beta of 1.63. The company’s 50-day moving average price is $42.64 and its 200 day moving average price is $40.97.

The Charles Schwab Corporation (NYSE:SCHW) last released its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.39. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.13 billion. The Charles Schwab Corporation had a net margin of 26.73% and a return on equity of 15.69%. The business’s revenue was up 16.5% on a year-over-year basis. During the same period last year, the business earned $0.30 EPS. On average, equities analysts predict that The Charles Schwab Corporation will post $1.61 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, August 11th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Wednesday, August 9th. The Charles Schwab Corporation’s payout ratio is 21.48%.

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Several research firms recently weighed in on SCHW. Instinet reiterated a “conviction-buy” rating and issued a $46.00 target price (up previously from $44.00) on shares of The Charles Schwab Corporation in a report on Friday, April 14th. Jefferies Group LLC reiterated a “buy” rating and issued a $48.00 target price on shares of The Charles Schwab Corporation in a report on Wednesday, May 31st. BidaskClub upgraded shares of The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Morgan Stanley reiterated an “overweight” rating and issued a $48.00 target price (up previously from $45.00) on shares of The Charles Schwab Corporation in a report on Monday, July 10th. Finally, Wells Fargo & Company reiterated 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 report on Monday, June 12th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $44.00.

In related news, insider Marie A. Chandoha sold 9,705 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $43.17, for a total transaction of $418,964.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Terri R. Kallsen sold 10,536 shares of the firm’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $43.15, for a total transaction of $454,628.40. Following the sale, the executive vice president now directly owns 5,212 shares of the company’s stock, valued at $224,897.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 893,913 shares of company stock valued at $38,402,586. Company insiders own 12.00% of the company’s stock.

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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