Mariner Wealth Advisors LLC grew its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 23.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,365 shares of the financial services provider’s stock after purchasing an additional 3,854 shares during the quarter. Mariner Wealth Advisors LLC’s holdings in The Charles Schwab Corporation were worth $874,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. M&T Bank Corp increased its position in shares of The Charles Schwab Corporation by 0.7% during the 2nd quarter. M&T Bank Corp now owns 194,949 shares of the financial services provider’s stock worth $8,376,000 after purchasing an additional 1,403 shares during the last quarter. Wealthfront Inc. increased its position in shares of The Charles Schwab Corporation by 4.2% during the 2nd quarter. Wealthfront Inc. now owns 32,497 shares of the financial services provider’s stock worth $1,396,000 after purchasing an additional 1,313 shares during the last quarter. California Public Employees Retirement System increased its position in shares of The Charles Schwab Corporation by 1.1% during the 2nd quarter. California Public Employees Retirement System now owns 2,367,485 shares of the financial services provider’s stock worth $101,707,000 after purchasing an additional 26,600 shares during the last quarter. MML Investors Services LLC increased its position in shares of The Charles Schwab Corporation by 25.5% during the 2nd quarter. MML Investors Services LLC now owns 10,569 shares of the financial services provider’s stock worth $454,000 after purchasing an additional 2,148 shares during the last quarter. Finally, Bowie Capital Management LLC increased its position in shares of The Charles Schwab Corporation by 1.7% during the 2nd quarter. Bowie Capital Management LLC now owns 184,000 shares of the financial services provider’s stock worth $7,905,000 after purchasing an additional 3,000 shares during the last quarter. 79.53% of the stock is currently owned by hedge funds and other institutional investors.

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Several research analysts have weighed in on the company. Keefe, Bruyette & Woods reissued a “buy” rating and set a $47.00 target price on shares of The Charles Schwab Corporation in a report on Friday, September 15th. Jefferies Group LLC reissued a “buy” rating and set a $49.00 target price on shares of The Charles Schwab Corporation in a report on Friday, September 15th. BidaskClub raised The Charles Schwab Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, September 16th. Barclays PLC initiated coverage on The Charles Schwab Corporation in a report on Friday, September 8th. They set an “overweight” rating and a $48.00 target price on the stock. Finally, Morgan Stanley reissued an “overweight” rating and set a $51.00 target price (up from $48.00) on shares of The Charles Schwab Corporation in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. The Charles Schwab Corporation presently has an average rating of “Buy” and a consensus price target of $45.47.

The Charles Schwab Corporation (SCHW) opened at 42.54 on Friday. The firm has a market capitalization of $56.79 billion, a price-to-earnings ratio of 32.47 and a beta of 1.64. The Charles Schwab Corporation has a one year low of $29.86 and a one year high of $44.10. The firm has a 50-day moving average price of $40.42 and a 200-day moving average price of $40.76.

The Charles Schwab Corporation (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.39. The company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.13 billion. The Charles Schwab Corporation had a return on equity of 15.41% and a net margin of 26.73%. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 earnings per share. Analysts expect that The Charles Schwab Corporation will post $1.61 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Friday, August 11th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Wednesday, August 9th. The Charles Schwab Corporation’s dividend payout ratio (DPR) is presently 21.48%.

In related news, EVP Terri R. Kallsen sold 10,536 shares of The Charles Schwab Corporation stock in a transaction 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 of the company’s stock, valued at $224,897.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Terri R. Kallsen sold 1,000 shares of The Charles Schwab Corporation stock in a transaction 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 sale, the executive vice president now directly owns 5,212 shares of the company’s stock, valued at approximately $203,215.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 925,122 shares of company stock valued at $39,733,977. 12.00% of the stock is owned by company insiders.

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.

Institutional Ownership by Quarter for The Charles Schwab Corporation (NYSE:SCHW)

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