Daiwa Securities Group Inc. decreased its position in The Charles Schwab Corporation (NYSE:SCHW) by 21.2% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 34,250 shares of the financial services provider’s stock after selling 9,200 shares during the period. Daiwa Securities Group Inc.’s holdings in The Charles Schwab Corporation were worth $1,471,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of SCHW. Vanguard Group Inc. boosted its stake in The Charles Schwab Corporation by 4.0% in the first quarter. Vanguard Group Inc. now owns 79,388,639 shares of the financial services provider’s stock worth $3,239,850,000 after buying an additional 3,063,203 shares during the last quarter. BlackRock Inc. boosted its stake in The Charles Schwab Corporation by 1,921.5% in the first quarter. BlackRock Inc. now owns 71,876,119 shares of the financial services provider’s stock worth $2,933,263,000 after buying an additional 68,320,480 shares during the last quarter. FMR LLC boosted its stake in The Charles Schwab Corporation by 18.2% in the first quarter. FMR LLC now owns 27,637,472 shares of the financial services provider’s stock worth $1,127,886,000 after buying an additional 4,259,181 shares during the last quarter. Theleme Partners LLP boosted its stake in The Charles Schwab Corporation by 5.6% in the first quarter. Theleme Partners LLP now owns 13,646,900 shares of the financial services provider’s stock worth $556,930,000 after buying an additional 720,000 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in The Charles Schwab Corporation by 15.9% in the first quarter. Ameriprise Financial Inc. now owns 13,120,429 shares of the financial services provider’s stock worth $535,281,000 after buying an additional 1,802,922 shares during the last quarter. 79.41% of the stock is owned by institutional investors.

The Charles Schwab Corporation (NYSE SCHW) opened at 40.65 on Friday. The Charles Schwab Corporation has a 1-year low of $29.83 and a 1-year high of $44.10. The company has a 50-day moving average price of $42.68 and a 200 day moving average price of $41.04. The stock has a market capitalization of $54.44 billion, a P/E ratio of 27.28 and a beta of 1.63.

The Charles Schwab Corporation (NYSE:SCHW) last released its earnings results on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.39. The firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.13 billion. The Charles Schwab Corporation had a return on equity of 15.41% and a net margin of 26.73%. The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 earnings per share. On average, equities analysts predict 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. Shareholders 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 dividend payout ratio (DPR) is 21.48%.

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A number of equities analysts have recently issued reports on SCHW shares. William Blair reissued an “outperform” rating on shares of The Charles Schwab Corporation in a research note on Friday, June 16th. Deutsche Bank AG cut their target price on The Charles Schwab Corporation from $47.00 to $46.00 and set a “buy” rating for the company in a research note on Tuesday, July 4th. BidaskClub downgraded The Charles Schwab Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Citigroup Inc. started coverage on The Charles Schwab Corporation in a research note on Thursday, July 13th. They set a “neutral” rating and a $46.00 target price for the company. Finally, Rosenblatt Securities started coverage on The Charles Schwab Corporation in a research note on Thursday, July 13th. They set a “neutral” rating and a $46.00 target price for the company. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The Charles Schwab Corporation currently has a consensus rating of “Buy” and an average target price of $44.00.

In other The Charles Schwab Corporation news, insider Marie A. Chandoha sold 9,705 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $43.17, for a total value of $418,964.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Marie A. Chandoha sold 7,002 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $41.96, for a total value of $293,803.92. The disclosure for this sale can be found here. Insiders sold 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 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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