First Western Capital Management Co cut its stake in The Charles Schwab Corporation (NYSE:SCHW) by 5.2% during the second quarter, Holdings Channel reports. The firm owned 119,113 shares of the financial services provider’s stock after selling 6,530 shares during the period. The Charles Schwab Corporation makes up approximately 3.1% of First Western Capital Management Co’s holdings, making the stock its 3rd largest position. First Western Capital Management Co’s holdings in The Charles Schwab Corporation were worth $5,117,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SCHW. Bank of Montreal Can increased its stake in shares of 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. TNB Financial acquired a new stake in shares of The Charles Schwab Corporation during the first quarter valued at about $7,276,000. Inverness Counsel LLC NY increased its stake in shares of The Charles Schwab Corporation by 28.8% in the first quarter. Inverness Counsel LLC NY now owns 602,246 shares of the financial services provider’s stock valued at $23,126,000 after buying an additional 134,690 shares during the period. Parametrica Management Ltd acquired a new stake in shares of The Charles Schwab Corporation during the first quarter valued at about $379,000. Finally, Atria Investments LLC increased its stake in shares of The Charles Schwab Corporation by 2.3% in the first quarter. Atria Investments LLC now owns 14,960 shares of the financial services provider’s stock valued at $611,000 after buying an additional 341 shares during the period. Institutional investors own 79.41% of the company’s stock.

The Charles Schwab Corporation (NYSE:SCHW) opened at 40.65 on Friday. The firm has a market capitalization of $54.44 billion, a PE ratio of 27.28 and a beta of 1.63. The Charles Schwab Corporation has a 12 month low of $29.83 and a 12 month high of $44.10. The company’s 50-day moving average price is $42.68 and its 200 day moving average price is $41.04.

The Charles Schwab Corporation (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.39 EPS for the quarter, hitting 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 return on equity of 15.41% and a net margin of 26.73%. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 EPS. On average, equities research analysts predict that The Charles Schwab Corporation will post $1.61 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, August 11th will be issued 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 is Wednesday, August 9th. The Charles Schwab Corporation’s dividend payout ratio is currently 21.48%.

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SCHW has been the subject of several recent analyst reports. Deutsche Bank AG lowered their price target on The Charles Schwab Corporation from $46.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, April 18th. SunTrust Banks, Inc. lowered their price target on The Charles Schwab Corporation from $45.00 to $44.00 and set a “buy” rating for the company in a report on Wednesday, April 19th. Citigroup Inc. restated 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. Jefferies Group LLC increased their price target on The Charles Schwab Corporation from $47.00 to $48.00 and gave the stock a “buy” rating in a report on Monday, April 24th. Finally, Wells Fargo & Company reiterated a “market perform” rating and set a $44.00 price objective (up from $42.00) on shares of The Charles Schwab Corporation in a report on Monday, June 12th. 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 has a consensus rating of “Buy” and an average price target of $44.00.

In other The Charles Schwab Corporation news, EVP Terri R. Kallsen sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $43.07, for a total transaction of $86,140.00. Following the completion of the sale, the executive vice president now directly owns 5,212 shares of the company’s stock, valued at approximately $224,480.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Charles R. Schwab sold 290,000 shares of the business’s stock in a transaction that occurred on 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. Insiders have sold a total of 924,122 shares of company stock valued at $39,694,987 over the last three months. Corporate insiders own 12.00% of the company’s stock.

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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