Laurel Wealth Advisors Inc. boosted its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 8.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,907 shares of the financial services provider’s stock after acquiring an additional 638 shares during the period. Laurel Wealth Advisors Inc.’s holdings in The Charles Schwab Corporation were worth $339,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. WealthTrust Arizona LLC raised its holdings in shares of The Charles Schwab Corporation by 1.2% during the second quarter. WealthTrust Arizona LLC now owns 2,466 shares of the financial services provider’s stock valued at $106,000 after buying an additional 29 shares during the last quarter. Lowe Brockenbrough & Co. Inc. raised its holdings in shares of The Charles Schwab Corporation by 0.9% during the second quarter. Lowe Brockenbrough & Co. Inc. now owns 6,770 shares of the financial services provider’s stock valued at $291,000 after buying an additional 62 shares during the last quarter. Norway Savings Bank raised its holdings in shares of The Charles Schwab Corporation by 0.7% during the second quarter. Norway Savings Bank now owns 9,583 shares of the financial services provider’s stock valued at $412,000 after buying an additional 63 shares during the last quarter. Atria Investments LLC raised its holdings in shares of The Charles Schwab Corporation by 0.4% during the second quarter. Atria Investments LLC now owns 15,025 shares of the financial services provider’s stock valued at $645,000 after buying an additional 65 shares during the last quarter. Finally, Guardian Life Insurance Co. of America raised its holdings in shares of The Charles Schwab Corporation by 1.5% during the first quarter. Guardian Life Insurance Co. of America now owns 4,692 shares of the financial services provider’s stock valued at $191,000 after buying an additional 70 shares during the last quarter. 79.53% of the stock is currently owned by hedge funds and other institutional investors.

The Charles Schwab Corporation (NYSE SCHW) traded down 0.60% on Wednesday, reaching $44.82. 720,825 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $41.41 and its 200 day moving average price is $40.97. The Charles Schwab Corporation has a 52-week low of $30.66 and a 52-week high of $46.21. The firm has a market capitalization of $60.02 billion, a PE ratio of 30.08 and a beta of 1.68.

The Charles Schwab Corporation (NYSE:SCHW) last announced its earnings results on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.39. The Charles Schwab Corporation had a net margin of 26.73% and a return on equity of 15.41%. The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period in the prior year, the business earned $0.30 earnings per share. The Charles Schwab Corporation’s quarterly revenue was up 16.5% on a year-over-year basis. On average, analysts predict that The Charles Schwab Corporation will post $1.62 EPS for the current fiscal year.

A number of research firms have recently weighed in on SCHW. BidaskClub raised The Charles Schwab Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Barclays PLC lifted their price target on The Charles Schwab Corporation from $48.00 to $51.00 and gave the company an “overweight” rating in a report on Tuesday. Morgan Stanley lifted their price target on The Charles Schwab Corporation from $51.00 to $53.00 and gave the company an “overweight” rating in a report on Thursday, October 5th. Deutsche Bank AG cut The Charles Schwab Corporation from a “buy” rating to a “hold” rating and lifted their price target for the company from $40.00 to $43.00 in a report on Tuesday, July 11th. Finally, Rosenblatt Securities began coverage on The Charles Schwab Corporation in a report on Thursday, July 13th. They set a “neutral” rating and a $46.00 price target on the stock. Six analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $46.80.

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In related news, EVP Terri R. Kallsen sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $43.07, for a total value of $86,140.00. Following the transaction, the executive vice president now directly owns 5,212 shares in the company, valued at $224,480.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Terri R. Kallsen sold 1,000 shares of the stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $38.99, for a total transaction of $38,990.00. Following the completion of the transaction, the executive vice president now owns 5,212 shares in the company, valued at $203,215.88. The disclosure for this sale can be found here. Insiders have sold 1,035,705 shares of company stock worth $44,665,539 over the last quarter. 12.00% of the stock is owned by company 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.

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

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