American Research & Management Co. increased its stake in The Charles Schwab Corporation (NYSE:SCHW) by 0.2% during the second quarter, Holdings Channel reports. The firm owned 140,445 shares of the financial services provider’s stock after buying an additional 225 shares during the period. The Charles Schwab Corporation comprises approximately 2.0% of American Research & Management Co.’s holdings, making the stock its 14th largest position. American Research & Management Co.’s holdings in The Charles Schwab Corporation were worth $6,034,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in SCHW. Creative Planning raised 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 period. Quadrant Capital Group LLC raised 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 period. Perkins Coie Trust Co raised its stake in The Charles Schwab Corporation by 0.3% in the first quarter. Perkins Coie Trust Co now owns 56,430 shares of the financial services provider’s stock valued at $2,303,000 after buying an additional 151 shares during the period. Bank of Montreal Can raised its stake in The Charles Schwab Corporation by 25.4% in the first quarter. Bank of Montreal Can now owns 1,125,778 shares of the financial services provider’s stock valued at $45,943,000 after buying an additional 227,859 shares during the period. Finally, Farmers Trust Co. acquired a new stake in The Charles Schwab Corporation during the first quarter valued at $2,719,000. 79.41% of the stock is currently owned by institutional investors.

The Charles Schwab Corporation (NYSE:SCHW) opened at 40.61 on Friday. The Charles Schwab Corporation has a 12 month low of $29.23 and a 12 month high of $44.10. The company has a market capitalization of $54.38 billion, a P/E ratio of 27.26 and a beta of 1.63. The stock’s 50 day moving average price is $42.71 and its 200-day moving average price is $41.04.

The Charles Schwab Corporation (NYSE:SCHW) last issued its earnings results on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. The company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.13 billion. The Charles Schwab Corporation had a return on equity of 15.41% and a net margin of 26.73%. The Charles Schwab Corporation’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.30 EPS. On average, equities research analysts predict that The Charles Schwab Corporation will post $1.61 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Investors 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 0.79%. The ex-dividend date of this dividend is Wednesday, August 9th. The Charles Schwab Corporation’s dividend payout ratio is presently 21.48%.

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Several research firms recently weighed in on SCHW. Instinet reaffirmed a “conviction-buy” rating and issued a $46.00 price objective (up from $44.00) on shares of The Charles Schwab Corporation in a research note on Friday, April 14th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $48.00 price objective on shares of The Charles Schwab Corporation in a research note on Wednesday, May 31st. BidaskClub raised The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Morgan Stanley reaffirmed an “overweight” rating and issued a $48.00 price objective (up from $45.00) on shares of The Charles Schwab Corporation in a research note on Monday, July 10th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and issued a $44.00 price objective (up from $42.00) on shares of The Charles Schwab Corporation in a research note on Monday, June 12th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The Charles Schwab Corporation has an average 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 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 completion of the sale, the executive vice president now owns 5,212 shares in the company, valued at approximately $224,897.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Charles R. Schwab sold 26,000 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was 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 924,122 shares of company stock valued at $39,694,987 over the last 90 days. 12.00% of the stock is currently owned by company 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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