Egerton Capital UK LLP raised its position in The Charles Schwab Corporation (NYSE:SCHW) by 24.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,721,871 shares of the financial services provider’s stock after buying an additional 2,075,571 shares during the period. The Charles Schwab Corporation accounts for about 4.6% of Egerton Capital UK LLP’s holdings, making the stock its 9th largest position. Egerton Capital UK LLP’s holdings in The Charles Schwab Corporation were worth $460,612,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in SCHW. First Manhattan Co. raised its stake in shares of The Charles Schwab Corporation by 395.9% in the first quarter. First Manhattan Co. now owns 1,252,265 shares of the financial services provider’s stock worth $39,534,000 after buying an additional 999,750 shares during the last quarter. 1ST Source Bank raised its stake in shares of The Charles Schwab Corporation by 65.7% in the first quarter. 1ST Source Bank now owns 52,583 shares of the financial services provider’s stock valued at $2,146,000 after buying an additional 20,847 shares in the last quarter. Reilly Financial Advisors LLC raised its stake in shares of The Charles Schwab Corporation by 10.0% in the first quarter. Reilly Financial Advisors LLC now owns 4,571 shares of the financial services provider’s stock valued at $187,000 after buying an additional 415 shares in the last quarter. Bank of Montreal Can raised 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 in the last quarter. Finally, First Mercantile Trust Co. raised its stake in shares of The Charles Schwab Corporation by 10.5% in the first quarter. First Mercantile Trust Co. now owns 78,728 shares of the financial services provider’s stock valued at $3,213,000 after buying an additional 7,496 shares in the last quarter. Hedge funds and other 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 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 company 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 quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.39. The Charles Schwab Corporation had a return on equity of 15.41% and a net margin of 26.73%. The company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same period last year, the firm posted $0.30 earnings per share. The business’s revenue was up 16.5% on a year-over-year basis. Analysts expect that The Charles Schwab Corporation will post $1.61 EPS for the current year.

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

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Several equities research analysts have recently issued reports on SCHW shares. Citigroup Inc. reiterated a “buy” rating and set a $43.00 price target (down from $45.00) on shares of The Charles Schwab Corporation in a report on Saturday, April 22nd. Deutsche Bank AG reiterated a “buy” rating and set a $45.00 price target (up from $44.00) on shares of The Charles Schwab Corporation in a report on Monday, May 15th. SunTrust Banks, Inc. reduced 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. Jefferies Group LLC lifted their price target on The Charles Schwab Corporation from $47.00 to $48.00 and gave the company a “buy” rating in a report on Monday, April 24th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $48.00 price target (up from $45.00) on shares of The Charles Schwab Corporation in a report on Monday, July 10th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $44.00.

In other news, EVP Terri R. Kallsen sold 10,536 shares of the firm’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 value of $454,628.40. Following the completion of the sale, the executive vice president now directly owns 5,212 shares of the company’s stock, valued at $224,897.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Charles R. Schwab sold 350,000 shares of the firm’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. Over the last ninety days, insiders sold 924,122 shares of company stock valued at $39,694,987. 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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