Beck Mack & Oliver LLC maintained its position in The Charles Schwab Corporation (NYSE:SCHW) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,098 shares of the financial services provider’s stock at the end of the second quarter. Beck Mack & Oliver LLC’s holdings in The Charles Schwab Corporation were worth $219,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Inverness Counsel LLC NY raised its stake in The Charles Schwab Corporation by 28.8% in the first quarter. Inverness Counsel LLC NY now owns 602,246 shares of the financial services provider’s stock worth $23,126,000 after buying an additional 134,690 shares during the period. TNB Financial bought a new stake in The Charles Schwab Corporation during the first quarter worth about $7,276,000. Bremer Trust National Association raised its stake in The Charles Schwab Corporation by 4.7% in the first quarter. Bremer Trust National Association now owns 21,223 shares of the financial services provider’s stock worth $866,000 after buying an additional 961 shares during the period. Grassi Investment Management raised its stake in The Charles Schwab Corporation by 45.3% in the first quarter. Grassi Investment Management now owns 44,608 shares of the financial services provider’s stock worth $1,820,000 after buying an additional 13,900 shares during the period. Finally, Farmers Trust Co. bought a new stake in The Charles Schwab Corporation during the first quarter worth about $2,719,000. Institutional investors own 79.41% of the company’s stock.

The Charles Schwab Corporation (SCHW) opened at 42.88 on Tuesday. The Charles Schwab Corporation has a 12 month low of $29.00 and a 12 month high of $44.10. The firm has a market cap of $57.37 billion, a price-to-earnings ratio of 28.78 and a beta of 1.63. The stock has a 50 day moving average price of $42.64 and a 200 day moving average price of $40.97.

The Charles Schwab Corporation (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The Charles Schwab Corporation had a return on equity of 15.69% and a net margin of 26.73%. The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period in the previous year, the company posted $0.30 earnings per share. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. On average, equities analysts expect 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 paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $0.32 annualized dividend and a yield of 0.75%. The Charles Schwab Corporation’s dividend payout ratio is 21.48%.

ILLEGAL ACTIVITY NOTICE: This report was first posted by Daily Political and is the property of of Daily Political. If you are reading this report on another domain, it was stolen and republished in violation of international copyright law. The original version of this report can be read at https://www.dailypolitical.com/2017/08/08/the-charles-schwab-corporation-nyseschw-stake-maintained-by-beck-mack-oliver-llc.html.

SCHW has been the subject of a number of recent research reports. Nomura reiterated a “buy” rating and issued a $46.00 target price on shares of The Charles Schwab Corporation in a research note on Tuesday, April 11th. Keefe, Bruyette & Woods set a $44.00 target price on The Charles Schwab Corporation and gave the company a “buy” rating in a research note on Monday, April 10th. BidaskClub upgraded The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Jefferies Group LLC reiterated a “buy” rating and issued a $48.00 target price on shares of The Charles Schwab Corporation in a research note on Wednesday, May 31st. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $45.00 target price (up previously from $44.00) on shares of The Charles Schwab Corporation in a research note on Monday, May 15th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $44.00.

In related news, EVP Joseph R. Martinetto sold 89,330 shares of the business’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $42.51, for a total transaction of $3,797,418.30. Following the transaction, the executive vice president now directly owns 207,961 shares in the company, valued at $8,840,422.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Terri R. Kallsen sold 10,536 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $43.15, for a total value of $454,628.40. Following the transaction, the executive vice president now owns 5,212 shares in the company, valued at $224,897.80. The disclosure for this sale can be found here. Insiders have sold 917,120 shares of company stock worth $39,401,183 over the last 90 days. Corporate 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)

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.