NGAM Advisors L.P. decreased its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 5.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 302,694 shares of the financial services provider’s stock after selling 17,960 shares during the period. NGAM Advisors L.P.’s holdings in The Charles Schwab Corporation were worth $13,004,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the stock. WealthTrust Arizona LLC boosted its position 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. Norway Savings Bank boosted its position in The Charles Schwab Corporation by 0.7% in the second quarter. Norway Savings Bank now owns 9,583 shares of the financial services provider’s stock valued at $412,000 after buying an additional 63 shares during the period. Atria Investments LLC boosted its position in The Charles Schwab Corporation by 0.4% in the second quarter. Atria Investments LLC now owns 15,025 shares of the financial services provider’s stock valued at $645,000 after buying an additional 65 shares during the period. Mitchell Sinkler & Starr PA boosted its position in The Charles Schwab Corporation by 0.6% in the first quarter. Mitchell Sinkler & Starr PA now owns 11,960 shares of the financial services provider’s stock valued at $488,000 after buying an additional 70 shares during the period. Finally, Guardian Life Insurance Co. of America boosted its position in The Charles Schwab Corporation by 1.5% in the first quarter. Guardian Life Insurance Co. of America now owns 4,692 shares of the financial services provider’s stock valued at $191,000 after buying an additional 70 shares during the period. 79.41% of the stock is owned by institutional investors and hedge funds.

Shares of The Charles Schwab Corporation (SCHW) opened at 42.72 on Wednesday. The company’s 50-day moving average is $42.71 and its 200 day moving average is $41.02. The firm has a market capitalization of $57.16 billion, a price-to-earnings ratio of 28.67 and a beta of 1.63. The Charles Schwab Corporation has a 1-year low of $29.23 and a 1-year high of $44.10.

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, hitting the consensus estimate of $0.39. The Charles Schwab Corporation had a net margin of 26.73% and a return on equity of 15.69%. The company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the previous year, the company earned $0.30 EPS. The Charles Schwab Corporation’s revenue was up 16.5% on a year-over-year basis. On average, analysts expect that The Charles Schwab Corporation will post $1.61 EPS for the current fiscal year.

The firm 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. This represents a $0.32 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Wednesday, August 9th. The Charles Schwab Corporation’s dividend payout ratio is 21.48%.

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Several research analysts have commented on SCHW shares. Nomura restated a “buy” rating and issued a $46.00 target price on shares of The Charles Schwab Corporation in a research report on Tuesday, April 11th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $46.00 target price on shares of The Charles Schwab Corporation in a research report on Friday, June 16th. BidaskClub upgraded shares of The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Jefferies Group LLC restated a “buy” rating and issued a $48.00 target price on shares of The Charles Schwab Corporation in a research report on Wednesday, May 31st. Finally, Deutsche Bank AG restated 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 report 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 Charles Schwab Corporation currently has an average rating of “Buy” and a consensus target price of $44.00.

In other news, EVP Terri R. Kallsen sold 10,536 shares of The Charles Schwab Corporation stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 5,212 shares in the company, valued at approximately $224,897.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Charles R. Schwab sold 26,000 shares of The Charles Schwab Corporation stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $42.80, for a total transaction of $1,112,800.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 917,120 shares of company stock valued at $39,401,183. 12.00% of the stock is owned by corporate insiders.

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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