Aviance Capital Partners LLC increased its stake in The Charles Schwab Corporation (NYSE:SCHW) by 0.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,418 shares of the financial services provider’s stock after buying an additional 113 shares during the period. Aviance Capital Partners LLC’s holdings in The Charles Schwab Corporation were worth $1,565,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SCHW. Creative Planning increased its position in The Charles Schwab Corporation by 6.4% in the first quarter. Creative Planning now owns 48,753 shares of the financial services provider’s stock valued at $1,990,000 after buying an additional 2,929 shares during the period. Stock Yards Bank & Trust Co. increased its position in The Charles Schwab Corporation by 2.3% in the first quarter. Stock Yards Bank & Trust Co. now owns 304,973 shares of the financial services provider’s stock valued at $12,446,000 after buying an additional 6,783 shares during the period. Gulf International Bank UK Ltd increased its position in The Charles Schwab Corporation by 2.4% in the first quarter. Gulf International Bank UK Ltd now owns 370,106 shares of the financial services provider’s stock valued at $15,104,000 after buying an additional 8,565 shares during the period. Quadrant Capital Group LLC increased its position 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. Finally, National Pension Service increased its position in The Charles Schwab Corporation by 0.3% in the first quarter. National Pension Service now owns 908,941 shares of the financial services provider’s stock valued at $37,394,000 after buying an additional 2,591 shares during the period. Hedge funds and other institutional investors own 79.41% of the company’s stock.

The Charles Schwab Corporation (SCHW) traded down 0.53% during mid-day trading on Monday, hitting $42.88. 1,246,220 shares of the stock traded hands. The company has a market cap of $57.37 billion, a price-to-earnings ratio of 28.78 and a beta of 1.63. The firm’s 50-day moving average is $42.64 and its 200-day moving average is $40.97. The Charles Schwab Corporation has a 12-month low of $29.00 and a 12-month high of $44.10.

The Charles Schwab Corporation (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share for the quarter, meeting analysts’ consensus estimates 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 company’s revenue was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.30 earnings per share. Equities research analysts expect that The Charles Schwab Corporation will post $1.61 EPS for the current year.

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

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Several research analysts recently weighed in on SCHW shares. Keefe, Bruyette & Woods set a $44.00 price target on shares of The Charles Schwab Corporation and gave the stock a “buy” rating in a research report on Monday, April 10th. Nomura restated a “buy” rating and set a $46.00 price target on shares of The Charles Schwab Corporation in a research report on Tuesday, April 11th. Instinet restated a “conviction-buy” rating and set a $46.00 price target (up previously from $44.00) on shares of The Charles Schwab Corporation in a research report on Friday, April 14th. Deutsche Bank AG reduced their price target on shares of The Charles Schwab Corporation from $46.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, April 18th. Finally, SunTrust Banks, Inc. reduced their price target on shares of The Charles Schwab Corporation from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Wednesday, April 19th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $44.00.

In related news, insider Marie A. Chandoha sold 9,705 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $43.17, for a total value of $418,964.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Charles R. Schwab sold 350,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $43.10, for a total transaction of $15,085,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 893,913 shares of company stock valued at $38,402,586. Company 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.

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Institutional Ownership by Quarter for The Charles Schwab Corporation (NYSE:SCHW)

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