ProShare Advisors LLC trimmed its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 2.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 272,587 shares of the financial services provider’s stock after selling 6,346 shares during the period. ProShare Advisors LLC’s holdings in The Charles Schwab Corporation were worth $11,710,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. WealthTrust Arizona LLC increased its holdings in The Charles Schwab Corporation by 1.2% during the 2nd quarter. WealthTrust Arizona LLC now owns 2,466 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 29 shares in the last quarter. YorkBridge Wealth Partners LLC increased its stake in shares of The Charles Schwab Corporation by 9.6% in the 1st quarter. YorkBridge Wealth Partners LLC now owns 3,267 shares of the financial services provider’s stock valued at $131,000 after buying an additional 287 shares during the period. Shine Investment Advisory Services Inc. acquired a new stake in shares of The Charles Schwab Corporation in the 2nd quarter valued at $145,000. Fiduciary Trust Co. acquired a new stake in shares of The Charles Schwab Corporation in the 2nd quarter valued at $163,000. Finally, FTB Advisors Inc. increased its stake in shares of The Charles Schwab Corporation by 365.8% in the 1st quarter. FTB Advisors Inc. now owns 3,852 shares of the financial services provider’s stock valued at $151,000 after buying an additional 3,025 shares during the period. 79.60% of the stock is owned by hedge funds and other institutional investors.

In other The Charles Schwab Corporation news, insider Marie A. Chandoha sold 9,705 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $43.17, for a total transaction of $418,964.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Charles R. Schwab sold 350,000 shares of the stock in a transaction dated Tuesday, August 1st. The stock was 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. Insiders sold 925,122 shares of company stock valued at $39,733,977 over the last 90 days. 12.00% of the stock is currently owned by company insiders.

The Charles Schwab Corporation (NYSE:SCHW) traded up 0.55% on Friday, reaching $40.21. The company’s stock had a trading volume of 14,222,833 shares. The Charles Schwab Corporation has a 12 month low of $29.86 and a 12 month high of $44.10. The company has a market cap of $53.85 billion, a P/E ratio of 26.99 and a beta of 1.64. The stock’s 50 day moving average price is $40.53 and its 200 day moving average price is $40.80.

The Charles Schwab Corporation (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.39. The business 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% on a year-over-year basis. During the same period in the prior year, the business posted $0.30 earnings per share. Equities research analysts forecast 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 was paid on Friday, August 25th. Investors of record on Friday, August 11th were issued a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $0.32 dividend on an annualized basis and a yield of 0.80%. The Charles Schwab Corporation’s payout ratio is 21.48%.

Several equities research analysts have recently commented on SCHW shares. Jefferies Group LLC reissued a “buy” rating and issued a $48.00 target price on shares of The Charles Schwab Corporation in a research note on Wednesday, May 31st. Wells Fargo & Company reissued a “market perform” rating and issued a $44.00 target price (up from $42.00) on shares of The Charles Schwab Corporation in a research note on Monday, June 12th. BidaskClub raised The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $46.00 target price on shares of The Charles Schwab Corporation in a research note on Friday, June 16th. Finally, William Blair reissued an “outperform” rating on shares of The Charles Schwab Corporation in a research note on Friday, June 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $44.83.

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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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