Loeb Partners Corp held its stake in The Charles Schwab Corporation (NYSE:SCHW) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 15,000 shares of the financial services provider’s stock at the end of the second quarter. Loeb Partners Corp’s holdings in The Charles Schwab Corporation were worth $644,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of SCHW. WealthTrust Arizona LLC increased 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 worth $106,000 after buying an additional 29 shares during the period. Norway Savings Bank increased 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 worth $412,000 after buying an additional 63 shares during the period. Atria Investments LLC increased 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 worth $645,000 after buying an additional 65 shares during the period. Mitchell Sinkler & Starr PA increased 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 worth $488,000 after buying an additional 70 shares during the period. Finally, Guardian Life Insurance Co. of America increased 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 worth $191,000 after buying an additional 70 shares during the period. 79.41% of the stock is owned by institutional investors.

Shares of The Charles Schwab Corporation (NYSE:SCHW) opened at 42.02 on Thursday. The Charles Schwab Corporation has a 12-month low of $29.23 and a 12-month high of $44.10. The firm has a market cap of $56.22 billion, a price-to-earnings ratio of 28.20 and a beta of 1.63. The firm has a 50-day moving average price of $42.76 and a 200-day moving average price of $41.04.

The Charles Schwab Corporation (NYSE:SCHW) last posted its earnings results on Tuesday, July 18th. The financial services provider reported $0.39 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 company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the prior year, the business earned $0.30 earnings per share. The firm’s revenue for the quarter was up 16.5% on a year-over-year basis. Equities research analysts anticipate that The Charles Schwab Corporation will post $1.61 EPS for the current year.

The company also recently announced 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 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Wednesday, August 9th. The Charles Schwab Corporation’s payout ratio is 21.48%.

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A number of equities research analysts have recently weighed in on the company. Nomura downgraded The Charles Schwab Corporation from a “buy” rating to a “neutral” rating in a research note on Monday, July 24th. BidaskClub raised The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Instinet reaffirmed a “neutral” rating and set a $43.00 price target (down from $46.00) on shares of The Charles Schwab Corporation in a research note on Monday, July 24th. Argus reaffirmed a “buy” rating and set a $48.00 price target (up from $46.00) on shares of The Charles Schwab Corporation in a research note on Friday, July 21st. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $48.00 price target on shares of The Charles Schwab Corporation in a research note on Wednesday, May 31st. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The Charles Schwab Corporation currently has a consensus rating of “Buy” and a consensus price target of $44.00.

In other news, EVP Terri R. Kallsen sold 10,536 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was 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 of the company’s stock, valued at $224,897.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Charles R. Schwab sold 290,000 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $43.27, for a total value of $12,548,300.00. The disclosure for this sale can be found here. Insiders sold 924,122 shares of company stock worth $39,694,987 in the last ninety days. 12.00% of the stock is owned by company insiders.

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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