Grandfield & Dodd LLC raised its position in The Charles Schwab Corporation (NYSE:SCHW) by 22.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 19,640 shares of the financial services provider’s stock after buying an additional 3,609 shares during the period. Grandfield & Dodd LLC’s holdings in The Charles Schwab Corporation were worth $844,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Pinnacle Bank purchased a new position in The Charles Schwab Corporation during the first quarter valued at approximately $119,000. Addison Capital Co purchased a new position in The Charles Schwab Corporation during the first quarter valued at approximately $434,000. Torch Wealth Management LLC raised its position in The Charles Schwab Corporation by 0.5% in the first quarter. Torch Wealth Management LLC now owns 58,675 shares of the financial services provider’s stock valued at $2,395,000 after buying an additional 300 shares in the last quarter. Fox Run Management L.L.C. raised its position in The Charles Schwab Corporation by 82.8% in the first quarter. Fox Run Management L.L.C. now owns 17,000 shares of the financial services provider’s stock valued at $694,000 after buying an additional 7,700 shares in the last quarter. Finally, Eastern Bank purchased a new position in The Charles Schwab Corporation during the first quarter valued at approximately $8,544,000. 79.41% of the stock is currently owned by institutional investors.

The Charles Schwab Corporation (SCHW) opened at 40.65 on Friday. The Charles Schwab Corporation has a 52-week low of $29.83 and a 52-week high of $44.10. The stock’s 50 day moving average is $42.68 and its 200 day moving average is $41.04. The company has a market cap 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 data on Tuesday, July 18th. The financial services provider reported $0.39 EPS for the quarter, hitting the Zacks’ consensus estimate 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 return on equity of 15.41% and a net margin of 26.73%. The company’s revenue was up 16.5% on a year-over-year basis. During the same period last year, the company earned $0.30 earnings per share. Equities research analysts forecast that The Charles Schwab Corporation will post $1.61 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, August 11th will be given a $0.08 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $0.32 dividend on an annualized basis and a yield of 0.79%. The Charles Schwab Corporation’s payout ratio is 21.48%.

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Several research firms have recently commented on SCHW. Instinet restated a “conviction-buy” rating and set a $46.00 price target (up previously from $44.00) on shares of The Charles Schwab Corporation in a research report on Friday, April 14th. Jefferies Group LLC restated a “buy” rating and set a $48.00 price target on shares of The Charles Schwab Corporation in a research report on Wednesday, May 31st. BidaskClub upgraded shares of The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Morgan Stanley restated an “overweight” rating and set a $48.00 price target (up previously from $45.00) on shares of The Charles Schwab Corporation in a research report on Monday, July 10th. Finally, Wells Fargo & Company restated a “market perform” rating and set a $44.00 price target (up previously from $42.00) on shares of The Charles Schwab Corporation in a research report on Monday, June 12th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The Charles Schwab Corporation has a consensus rating of “Buy” and a consensus price target of $44.00.

In related news, EVP Terri R. Kallsen sold 2,000 shares of The Charles Schwab Corporation stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $43.07, for a total value of $86,140.00. Following the completion of the sale, the executive vice president now directly owns 5,212 shares in the company, valued at $224,480.84. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Charles R. Schwab sold 290,000 shares of The Charles Schwab Corporation stock in a transaction dated Friday, August 4th. The stock was 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. Over the last quarter, insiders sold 924,122 shares of company stock valued at $39,694,987. Corporate 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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