Ameritas Investment Partners Inc. cut its position in The Charles Schwab Corporation (NYSE:SCHW) by 1.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,443 shares of the financial services provider’s stock after selling 502 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in The Charles Schwab Corporation were worth $1,179,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. WealthTrust Arizona LLC grew its position in The Charles Schwab Corporation by 1.2% in the 2nd quarter. WealthTrust Arizona LLC now owns 2,466 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 29 shares during the last quarter. Shine Investment Advisory Services Inc. acquired a new stake in The Charles Schwab Corporation in the 2nd quarter worth $145,000. Fiduciary Trust Co. acquired a new stake in The Charles Schwab Corporation in the 2nd quarter worth $163,000. Quadrant Capital Group LLC grew its position in The Charles Schwab Corporation by 31.4% in the 2nd quarter. Quadrant Capital Group LLC now owns 4,531 shares of the financial services provider’s stock worth $168,000 after purchasing an additional 1,082 shares during the last quarter. Finally, Founders Capital Management grew its position in The Charles Schwab Corporation by 7.7% in the 2nd quarter. Founders Capital Management now owns 4,200 shares of the financial services provider’s stock worth $180,000 after purchasing an additional 300 shares during the last quarter. Institutional investors and hedge funds own 79.44% of the company’s stock.

In related news, insider Marie A. Chandoha sold 19,074 shares of the company’s stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $45.94, for a total value of $876,259.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Joseph R. Martinetto sold 115,642 shares of the company’s stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $42.10, for a total transaction of $4,868,528.20. Following the completion of the transaction, the executive vice president now owns 210,868 shares in the company, valued at $8,877,542.80. The disclosure for this sale can be found here. Insiders sold 946,375 shares of company stock worth $40,868,121 over the last 90 days. 12.00% of the stock is currently owned by corporate insiders.

The Charles Schwab Corporation (NYSE:SCHW) opened at 43.41 on Wednesday. The stock’s 50 day moving average is $41.93 and its 200-day moving average is $41.08. The Charles Schwab Corporation has a 12-month low of $30.66 and a 12-month high of $46.21. The company has a market capitalization of $57.95 billion, a P/E ratio of 27.65 and a beta of 1.68.

The Charles Schwab Corporation (NYSE:SCHW) last released its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.01. The Charles Schwab Corporation had a net margin of 27.30% and a return on equity of 16.07%. The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the prior year, the company posted $0.35 earnings per share. The Charles Schwab Corporation’s revenue was up 13.1% compared to the same quarter last year. On average, equities analysts predict that The Charles Schwab Corporation will post $1.61 earnings per share for the current fiscal year.

SCHW has been the topic of several research analyst reports. BidaskClub lowered shares of The Charles Schwab Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, September 8th. Deutsche Bank AG decreased their price target on shares of The Charles Schwab Corporation from $47.00 to $46.00 and set a “buy” rating on the stock in a research report on Tuesday, July 4th. Morgan Stanley raised their price target on shares of The Charles Schwab Corporation from $51.00 to $53.00 and gave the stock an “overweight” rating in a research report on Thursday, October 5th. Barclays PLC raised their price target on shares of The Charles Schwab Corporation from $48.00 to $51.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 10th. Finally, Citigroup Inc. initiated coverage on shares of The Charles Schwab Corporation in a research report on Thursday, July 13th. They issued a “neutral” rating and a $46.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $46.80.

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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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