Papp L Roy & Associates bought a new stake in shares of The Charles Schwab Corporation (NYSE:SCHW) during the second quarter, Holdings Channel reports. The institutional investor bought 5,872 shares of the financial services provider’s stock, valued at approximately $252,000.

Several other large investors have also recently modified their holdings of SCHW. WealthTrust Arizona LLC increased its stake in shares of 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 acquired a new position in The Charles Schwab Corporation during the first quarter worth about $119,000. First Bank & Trust boosted 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 worth $128,000 after buying an additional 109 shares in the last quarter. YorkBridge Wealth Partners LLC boosted 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 worth $131,000 after buying an additional 287 shares in the last quarter. Finally, FTB Advisors Inc. boosted its position in The Charles Schwab Corporation by 365.8% in the first quarter. FTB Advisors Inc. now owns 3,852 shares of the financial services provider’s stock worth $151,000 after buying an additional 3,025 shares in the last quarter. 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 price-to-earnings ratio of 27.28 and a beta of 1.63. The company has a 50 day moving average price of $42.68 and a 200 day moving average price of $41.04. The Charles Schwab Corporation has a 12 month low of $29.83 and a 12 month high of $44.10.

The Charles Schwab Corporation (NYSE:SCHW) last released its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.39 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate 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 company’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.30 earnings per share. Analysts anticipate that The Charles Schwab Corporation will post $1.61 earnings per share for the current fiscal year.

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

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A number of research analysts recently issued reports on SCHW shares. Jefferies Group LLC reaffirmed a “buy” rating and issued a $48.00 price target on shares of The Charles Schwab Corporation in a report on Wednesday, May 31st. Deutsche Bank AG reaffirmed a “buy” rating and issued a $45.00 price target (up from $44.00) on shares of The Charles Schwab Corporation in a report on Monday, May 15th. 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. SunTrust Banks, Inc. cut 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. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $46.00 price target on shares of The Charles Schwab Corporation in a report on Friday, June 16th. Eight 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 an average rating of “Buy” and an average price target of $44.00.

In other news, EVP Terri R. Kallsen sold 10,536 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 5,212 shares in the company, valued at $224,897.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Charles R. Schwab sold 350,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $43.10, for a total value of $15,085,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have 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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