WESPAC Advisors SoCal LLC maintained its stake in The Charles Schwab Corporation (NYSE:SCHW) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,705 shares of the financial services provider’s stock at the close of the second quarter. WESPAC Advisors SoCal LLC’s holdings in The Charles Schwab Corporation were worth $288,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in SCHW. Waldron LP raised its position in The Charles Schwab Corporation by 23.9% in the first quarter. Waldron LP now owns 9,339 shares of the financial services provider’s stock valued at $381,000 after purchasing an additional 1,799 shares during the period. Suntrust Banks Inc. raised its position in The Charles Schwab Corporation by 1.9% in the first quarter. Suntrust Banks Inc. now owns 113,810 shares of the financial services provider’s stock valued at $4,642,000 after purchasing an additional 2,069 shares during the period. BNP Paribas Arbitrage SA raised its position in The Charles Schwab Corporation by 256.8% in the first quarter. BNP Paribas Arbitrage SA now owns 841,145 shares of the financial services provider’s stock valued at $34,327,000 after purchasing an additional 605,404 shares during the period. Comerica Bank raised its position in The Charles Schwab Corporation by 0.4% in the first quarter. Comerica Bank now owns 361,977 shares of the financial services provider’s stock valued at $14,208,000 after purchasing an additional 1,386 shares during the period. Finally, Trust Co. of Vermont raised its position in The Charles Schwab Corporation by 2.5% in the first quarter. Trust Co. of Vermont now owns 23,359 shares of the financial services provider’s stock valued at $954,000 after purchasing an additional 573 shares during the period. Hedge funds and other institutional investors own 79.53% of the company’s stock.

Shares of The Charles Schwab Corporation (NYSE:SCHW) traded up 0.58% during mid-day trading on Thursday, hitting $41.85. The company had a trading volume of 1,505,127 shares. The stock’s 50-day moving average is $40.42 and its 200-day moving average is $40.76. The stock has a market cap of $56.04 billion, a price-to-earnings ratio of 28.09 and a beta of 1.64. The Charles Schwab Corporation has a 52-week low of $29.86 and a 52-week high of $44.10.

The Charles Schwab Corporation (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.39 EPS for the quarter, hitting 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 company’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period last year, the firm earned $0.30 earnings per share. Equities analysts forecast that The Charles Schwab Corporation will post $1.61 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Friday, August 11th were paid 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 0.77%. The Charles Schwab Corporation’s dividend payout ratio (DPR) is 21.48%.

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In other The Charles Schwab Corporation news, Chairman Charles R. Schwab sold 290,000 shares of The Charles Schwab Corporation 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Terri R. Kallsen sold 1,000 shares of The Charles Schwab Corporation stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $38.99, for a total value of $38,990.00. Following the completion of the transaction, the executive vice president now owns 5,212 shares of the company’s stock, valued at $203,215.88. 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 quarter. Insiders own 12.00% of the company’s stock.

A number of research firms have commented on SCHW. Nomura downgraded The Charles Schwab Corporation from a “buy” rating to a “neutral” rating in a research report on Monday, July 24th. BidaskClub upgraded The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Instinet reiterated a “neutral” rating and issued a $43.00 price objective (down previously from $46.00) on shares of The Charles Schwab Corporation in a report on Monday, July 24th. Jefferies Group LLC reiterated a “buy” rating and issued a $48.00 price objective on shares of The Charles Schwab Corporation in a report on Wednesday, May 31st. Finally, Argus reiterated a “buy” rating and issued a $48.00 price objective (up previously from $46.00) on shares of The Charles Schwab Corporation in a report on Friday, July 21st. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $44.83.

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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