Accuvest Global Advisors boosted its stake in The Charles Schwab Corporation (NYSE:SCHW) by 16.0% during the second quarter, Holdings Channel reports. The institutional investor owned 12,392 shares of the financial services provider’s stock after buying an additional 1,706 shares during the period. Accuvest Global Advisors’ holdings in The Charles Schwab Corporation were worth $532,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in SCHW. Quadrant Capital Group LLC raised 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. Bank of Montreal Can raised its position 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 in the last quarter. Grassi Investment Management raised its position in The Charles Schwab Corporation by 45.3% in the first quarter. Grassi Investment Management now owns 44,608 shares of the financial services provider’s stock valued at $1,820,000 after buying an additional 13,900 shares in the last quarter. Bremer Trust National Association raised its position in The Charles Schwab Corporation by 4.7% in the first quarter. Bremer Trust National Association now owns 21,223 shares of the financial services provider’s stock valued at $866,000 after buying an additional 961 shares in the last quarter. Finally, TNB Financial purchased a new position in The Charles Schwab Corporation during the first quarter valued at about $7,276,000. 79.41% of the stock is currently owned by institutional investors and hedge funds.

Shares of The Charles Schwab Corporation (SCHW) opened at 40.65 on Friday. The Charles Schwab Corporation has a 12-month low of $29.83 and a 12-month high of $44.10. The firm has a 50-day moving average of $42.68 and a 200 day moving average of $41.04. The stock has a market capitalization of $54.44 billion, a price-to-earnings ratio of 27.28 and a beta of 1.63.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Shareholders 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 yield of 0.79%. The ex-dividend date is Wednesday, August 9th. The Charles Schwab Corporation’s payout ratio is currently 21.48%.

TRADEMARK VIOLATION NOTICE: This story was reported by Daily Political and is the sole property of of Daily Political. If you are viewing this story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://www.dailypolitical.com/2017/08/12/accuvest-global-advisors-has-532000-stake-in-the-charles-schwab-corporation-nyseschw.html.

Several equities analysts have issued reports on SCHW shares. Instinet reaffirmed a “conviction-buy” rating and issued a $46.00 price target (up from $44.00) on shares of The Charles Schwab Corporation in a report on Friday, April 14th. Deutsche Bank AG cut their price target on shares of The Charles Schwab Corporation from $46.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, April 18th. SunTrust Banks, Inc. cut their price target on shares of The Charles Schwab Corporation from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Wednesday, April 19th. Citigroup Inc. reaffirmed a “buy” rating and issued a $43.00 price target (down from $45.00) on shares of The Charles Schwab Corporation in a report on Saturday, April 22nd. Finally, Jefferies Group LLC lifted their price target on shares of The Charles Schwab Corporation from $47.00 to $48.00 and gave the stock a “buy” rating in a report on Monday, April 24th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $44.00.

In other The Charles Schwab Corporation news, 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 transaction of $1,112,800.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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 transaction, the executive vice president now directly owns 5,212 shares in the company, valued at $224,897.80. The disclosure for this sale can be found here. Insiders have sold a total of 924,122 shares of company stock worth $39,694,987 over the last three months. 12.00% of the stock is currently owned by 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.

Want to see what other hedge funds are holding SCHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Charles Schwab Corporation (NYSE:SCHW).

Institutional Ownership by Quarter for The Charles Schwab Corporation (NYSE:SCHW)

Receive News & Ratings for The Charles Schwab Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Charles Schwab Corporation and related companies with MarketBeat.com's FREE daily email newsletter.