Chickasaw Capital Management LLC held its position in shares of The Charles Schwab Corporation (NYSE:SCHW) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 28,465 shares of the financial services provider’s stock at the end of the second quarter. Chickasaw Capital Management LLC’s holdings in The Charles Schwab Corporation were worth $1,223,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of SCHW. Creative Planning increased its stake 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 last quarter. Gulf International Bank UK Ltd increased its stake 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 last quarter. 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 last quarter. National Pension Service increased its stake 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 last quarter. Finally, WCM Investment Management CA bought a new stake in The Charles Schwab Corporation during the first quarter valued at approximately $29,028,000. 79.41% of the stock is owned by institutional investors.

The Charles Schwab Corporation (NYSE SCHW) opened at 42.72 on Wednesday. The Charles Schwab Corporation has a 52-week low of $29.23 and a 52-week high of $44.10. The company has a market cap of $57.16 billion, a PE ratio of 28.67 and a beta of 1.63. The firm’s 50-day moving average price is $42.71 and its 200 day moving average price is $41.02.

The Charles Schwab Corporation (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.39 EPS for the quarter, meeting analysts’ consensus estimates 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 analysts’ expectations of $2.13 billion. During the same quarter in the prior year, the firm earned $0.30 EPS. The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. On average, equities analysts predict that The Charles Schwab Corporation will post $1.61 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, August 11th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.75%. The Charles Schwab Corporation’s dividend payout ratio is presently 21.48%.

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Several equities research analysts have recently commented on SCHW shares. Citigroup Inc. reissued a “buy” rating and issued a $43.00 price objective (down previously from $45.00) on shares of The Charles Schwab Corporation in a report on Saturday, April 22nd. Wells Fargo & Company reissued a “market perform” rating and issued a $44.00 price objective (up previously from $42.00) on shares of The Charles Schwab Corporation in a report on Monday, June 12th. Deutsche Bank AG cut their price objective on The Charles Schwab Corporation from $45.00 to $44.00 and set a “buy” rating for the company in a report on Monday, April 24th. Morgan Stanley reissued an “overweight” rating and issued a $48.00 price objective (up previously from $45.00) on shares of The Charles Schwab Corporation in a report on Monday, July 10th. Finally, Nomura reissued a “buy” rating and issued a $46.00 price objective on shares of The Charles Schwab Corporation in a report on Tuesday, April 11th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The Charles Schwab Corporation has an average rating of “Buy” and an average target price of $44.00.

In other news, Director Nancy H. Bechtle sold 23,207 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $43.03, for a total transaction of $998,597.21. Following the transaction, the director now owns 4,754 shares of the company’s stock, valued at approximately $204,564.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Terri R. Kallsen sold 10,536 shares of the company’s stock in a transaction on 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 directly owns 5,212 shares in the company, valued at approximately $224,897.80. The disclosure for this sale can be found here. Insiders have sold a total of 917,120 shares of company stock worth $39,401,183 in the last ninety days. 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.

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

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