Boston Partners reduced its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 7.2% during the second quarter, Holdings Channel reports. The institutional investor owned 953,839 shares of the financial services provider’s stock after selling 73,827 shares during the period. Boston Partners’ holdings in The Charles Schwab Corporation were worth $40,977,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. First Manhattan Co. boosted 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 boosted 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 worth $2,146,000 after buying an additional 20,847 shares during the last quarter. First Mercantile Trust Co. boosted 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 worth $3,213,000 after buying an additional 7,496 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in The Charles Schwab Corporation during the first quarter valued at $5,391,000. Finally, Park National Corp OH boosted its stake in The Charles Schwab Corporation by 184.2% in the second quarter. Park National Corp OH now owns 43,433 shares of the financial services provider’s stock valued at $1,866,000 after buying an additional 28,152 shares in the last quarter. Hedge funds and other institutional investors own 79.45% of the company’s stock.

The Charles Schwab Corporation (NYSE SCHW) opened at 39.51 on Friday. The Charles Schwab Corporation has a 1-year low of $29.86 and a 1-year high of $44.10. The stock has a 50 day moving average price of $42.40 and a 200 day moving average price of $40.98. The firm has a market cap of $52.91 billion, a P/E ratio of 26.52 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 the Zacks’ consensus estimate of $0.39. The company 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 Charles Schwab Corporation’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS. On average, analysts anticipate 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. 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 0.81%. The Charles Schwab Corporation’s payout ratio is 21.48%.

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Several equities research analysts recently weighed in on the stock. BidaskClub cut shares of The Charles Schwab Corporation from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Morgan Stanley reaffirmed an “overweight” rating and set a $51.00 price objective (up previously from $48.00) on shares of The Charles Schwab Corporation in a research report on Tuesday, July 25th. Nomura cut shares of The Charles Schwab Corporation from a “buy” rating to a “neutral” rating in a research report on Monday, July 24th. Instinet reaffirmed a “neutral” rating and set a $43.00 price objective (down previously from $46.00) on shares of The Charles Schwab Corporation in a research report on Monday, July 24th. Finally, Argus reaffirmed a “buy” rating and set a $48.00 price objective (up previously from $46.00) on shares of The Charles Schwab Corporation in a research report on Friday, July 21st. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. The Charles Schwab Corporation presently has a consensus rating of “Buy” and a consensus price target of $44.00.

In other The Charles Schwab Corporation news, insider Marie A. Chandoha sold 9,705 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $43.17, for a total value of $418,964.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Marie A. Chandoha sold 7,002 shares of the business’s stock in a transaction that occurred 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 a total of 924,122 shares of company stock valued at $39,694,987 in the last 90 days. 12.00% of the stock is currently owned by corporate 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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