Pillar Pacific Capital Management LLC cut its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 1.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,186 shares of the financial services provider’s stock after selling 200 shares during the period. Pillar Pacific Capital Management LLC’s holdings in The Charles Schwab Corporation were worth $738,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. WealthTrust Arizona LLC increased 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 in the last quarter. Pinnacle Bank bought a new position in The Charles Schwab Corporation during the first quarter valued at about $119,000. First Bank & Trust increased its position in The Charles Schwab Corporation by 3.6% in the first quarter. First Bank & Trust now owns 3,125 shares of the financial services provider’s stock valued at $128,000 after buying an additional 109 shares in the last quarter. YorkBridge Wealth Partners LLC increased its position in The Charles Schwab Corporation by 9.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 3,267 shares of the financial services provider’s stock valued at $131,000 after buying an additional 287 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its position 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 in the last quarter. Institutional investors own 79.41% of the company’s stock.

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

The Charles Schwab Corporation (NYSE:SCHW) last posted its earnings results on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.39. The firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.13 billion. The Charles Schwab Corporation had a net margin of 26.73% and a return on equity of 15.41%. The Charles Schwab Corporation’s revenue was up 16.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.30 EPS. Equities analysts forecast that The Charles Schwab Corporation will post $1.61 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, August 11th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.79%. 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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Several research firms have issued reports on SCHW. Instinet restated a “conviction-buy” rating and issued a $46.00 price objective (up previously from $44.00) on shares of The Charles Schwab Corporation in a research note on Friday, April 14th. Jefferies Group LLC restated 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 upgraded shares of The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Morgan Stanley reiterated an “overweight” rating and set a $48.00 target price (up previously from $45.00) on shares of The Charles Schwab Corporation in a research note on Monday, July 10th. Finally, Wells Fargo & Company reiterated a “market perform” rating and set a $44.00 target price (up previously 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 issued a buy rating to the company. The Charles Schwab Corporation presently has a consensus rating of “Buy” and an average target price of $44.00.

In other news, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Marie A. Chandoha sold 7,002 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $41.96, for a total transaction of $293,803.92. 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 three months. 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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