Commonwealth Equity Services Inc raised its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 5.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,749 shares of the financial services provider’s stock after purchasing an additional 3,037 shares during the quarter. Commonwealth Equity Services Inc’s holdings in The Charles Schwab Corporation were worth $2,525,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. American Century Companies Inc. raised its stake in The Charles Schwab Corporation by 19.4% in the second quarter. American Century Companies Inc. now owns 4,139,650 shares of the financial services provider’s stock valued at $177,839,000 after purchasing an additional 673,011 shares in the last quarter. Principal Financial Group Inc. raised its stake in The Charles Schwab Corporation by 17.3% in the second quarter. Principal Financial Group Inc. now owns 3,100,144 shares of the financial services provider’s stock valued at $133,182,000 after purchasing an additional 457,591 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in The Charles Schwab Corporation by 317.6% in the second quarter. Cubist Systematic Strategies LLC now owns 51,701 shares of the financial services provider’s stock valued at $2,221,000 after purchasing an additional 39,321 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in The Charles Schwab Corporation by 1.6% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,417,577 shares of the financial services provider’s stock valued at $103,859,000 after purchasing an additional 38,306 shares in the last quarter. Finally, CIBC World Markets Inc. acquired a new position in The Charles Schwab Corporation in the second quarter valued at about $282,000. 79.93% of the stock is owned by institutional investors and hedge funds.

Shares of The Charles Schwab Corporation (SCHW) opened at $46.08 on Wednesday. The stock has a market capitalization of $60,486.79, a PE ratio of 28.92, a P/E/G ratio of 1.92 and a beta of 1.74. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.30 and a current ratio of 0.31. The Charles Schwab Corporation has a 1-year low of $37.16 and a 1-year high of $46.33.

The Charles Schwab Corporation (NYSE:SCHW) last released its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.01. The Charles Schwab Corporation had a return on equity of 15.77% and a net margin of 27.30%. The firm had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter last year, the firm posted $0.35 EPS. The company’s revenue was up 13.1% compared to the same quarter last year. analysts expect that The Charles Schwab Corporation will post 1.62 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Friday, November 10th will be issued a $0.08 dividend. The ex-dividend date is Thursday, November 9th. This represents a $0.32 annualized dividend and a dividend yield of 0.69%. The Charles Schwab Corporation’s payout ratio is currently 20.51%.

In related news, insider Walter W. Bettinger purchased 72,510 shares of The Charles Schwab Corporation stock in a transaction that occurred on Tuesday, November 7th. The shares were acquired at an average cost of $27.21 per share, for a total transaction of $1,972,997.10. Following the transaction, the insider now directly owns 41,330 shares in the company, valued at $1,124,589.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Terri R. Kallsen sold 815 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $43.97, for a total value of $35,835.55. The disclosure for this sale can be found here. In the last ninety days, insiders sold 923,095 shares of company stock worth $41,179,740. Insiders own 12.00% of the company’s stock.

A number of research analysts have issued reports on the company. BidaskClub cut The Charles Schwab Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 17th. Jefferies Group LLC reiterated a “buy” rating and issued a $49.00 target price on shares of The Charles Schwab Corporation in a research report on Friday, September 15th. Morgan Stanley lifted their target price on The Charles Schwab Corporation from $51.00 to $53.00 and gave the company an “overweight” rating in a research report on Thursday, October 5th. Deutsche Bank AG lifted their target price on The Charles Schwab Corporation from $46.00 to $47.00 and gave the company a “hold” rating in a research report on Wednesday, October 25th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $47.00 target price on shares of The Charles Schwab Corporation in a research report on Friday, September 15th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $47.07.

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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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