Reliance Trust Co. of Delaware increased its stake in The Charles Schwab Corporation (NYSE:SCHW) by 7.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,870 shares of the financial services provider’s stock after buying an additional 1,677 shares during the period. Reliance Trust Co. of Delaware’s holdings in The Charles Schwab Corporation were worth $983,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of SCHW. WealthTrust Arizona LLC boosted 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 in the last quarter. Norway Savings Bank boosted its stake 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 in the last quarter. Atria Investments LLC boosted its stake 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 in the last quarter. Mitchell Sinkler & Starr PA boosted its stake 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 in the last quarter. Finally, Guardian Life Insurance Co. of America boosted its stake 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 in the last quarter. Institutional investors and hedge funds own 79.41% of the company’s stock.

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

The Charles Schwab Corporation (NYSE:SCHW) last announced 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 business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter last year, the firm posted $0.30 EPS. The company’s quarterly revenue was up 16.5% on a year-over-year basis. On average, analysts forecast that The Charles Schwab Corporation will post $1.61 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, August 11th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a 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 analysts recently commented on the stock. Nomura cut shares of The Charles Schwab Corporation from a “buy” rating to a “neutral” rating in a report on Monday, July 24th. BidaskClub upgraded shares of The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Instinet reiterated a “neutral” rating and issued a $43.00 target price (down from $46.00) on shares of The Charles Schwab Corporation in a research note on Monday, July 24th. Argus reiterated a “buy” rating and issued a $48.00 target price (up from $46.00) on shares of The Charles Schwab Corporation in a research note on Friday, July 21st. Finally, SunTrust Banks, Inc. reduced their target price on shares of The Charles Schwab Corporation from $45.00 to $44.00 and set a “buy” rating for the company in a research note on Wednesday, April 19th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $44.00.

In other The Charles Schwab Corporation news, EVP Terri R. Kallsen sold 10,536 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was 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 of the company’s stock, valued at approximately $224,897.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Charles R. Schwab sold 26,000 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $42.80, for a total value of $1,112,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 917,120 shares of company stock valued at $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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