Caisse DE Depot ET Placement DU Quebec reduced its stake in Charles Schwab Co. Common Stock (NYSE:SCHW) by 22.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 173,468 shares of the financial services provider’s stock after selling 48,800 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Charles Schwab Co. Common Stock were worth $8,864,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Charles Schwab Co. Common Stock by 7.2% in the first quarter. BlackRock Inc. now owns 85,589,939 shares of the financial services provider’s stock valued at $4,469,506,000 after buying an additional 5,731,627 shares in the last quarter. FMR LLC boosted its stake in shares of Charles Schwab Co. Common Stock by 13.7% in the second quarter. FMR LLC now owns 65,193,384 shares of the financial services provider’s stock valued at $3,331,382,000 after buying an additional 7,868,551 shares in the last quarter. Edgewood Management LLC boosted its stake in shares of Charles Schwab Co. Common Stock by 0.8% in the second quarter. Edgewood Management LLC now owns 21,617,841 shares of the financial services provider’s stock valued at $1,104,672,000 after buying an additional 169,689 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Charles Schwab Co. Common Stock by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 12,567,417 shares of the financial services provider’s stock valued at $642,195,000 after buying an additional 68,160 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Charles Schwab Co. Common Stock by 4.5% in the first quarter. Franklin Resources Inc. now owns 10,118,214 shares of the financial services provider’s stock valued at $528,378,000 after buying an additional 434,219 shares in the last quarter. Institutional investors own 80.28% of the company’s stock.

In other news, Director Christopher V. Dodds sold 15,718 shares of the business’s stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $51.14, for a total value of $803,818.52. Following the completion of the transaction, the director now directly owns 7,592 shares of the company’s stock, valued at $388,254.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Jonathan M. Craig sold 2,629 shares of the business’s stock in a transaction on Friday, June 15th. The stock was sold at an average price of $56.03, for a total value of $147,302.87. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 208,847 shares of company stock worth $10,999,996. 11.50% of the stock is owned by company insiders.

SCHW has been the topic of a number of analyst reports. Morgan Stanley lifted their price target on Charles Schwab Co. Common Stock from $63.00 to $65.00 and gave the company an “overweight” rating in a research note on Wednesday, July 25th. JPMorgan Chase & Co. set a $59.00 price target on Charles Schwab Co. Common Stock and gave the company a “buy” rating in a research note on Monday, July 16th. Zacks Investment Research downgraded Charles Schwab Co. Common Stock from a “buy” rating to a “hold” rating in a research note on Wednesday, July 11th. Jefferies Financial Group restated a “buy” rating and issued a $66.00 price target on shares of Charles Schwab Co. Common Stock in a research note on Monday, July 16th. Finally, Wells Fargo & Co lifted their price target on Charles Schwab Co. Common Stock from $54.00 to $56.00 and gave the company a “$54.22” rating in a research note on Wednesday, July 18th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $57.80.

SCHW opened at $50.16 on Friday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.33. The firm has a market cap of $66.89 billion, a price-to-earnings ratio of 30.59, a PEG ratio of 1.24 and a beta of 1.53. Charles Schwab Co. Common Stock has a one year low of $38.15 and a one year high of $60.22.

Charles Schwab Co. Common Stock (NYSE:SCHW) last posted its earnings results on Tuesday, July 17th. The financial services provider reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.02. The company had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.46 billion. Charles Schwab Co. Common Stock had a return on equity of 17.96% and a net margin of 30.83%. Charles Schwab Co. Common Stock’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 earnings per share. equities analysts anticipate that Charles Schwab Co. Common Stock will post 2.43 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 24th. Shareholders of record on Friday, August 10th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.04%. This is an increase from Charles Schwab Co. Common Stock’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Thursday, August 9th. Charles Schwab Co. Common Stock’s payout ratio is presently 31.71%.

Charles Schwab Co. Common Stock Company Profile

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.

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Institutional Ownership by Quarter for Charles Schwab Co. Common Stock (NYSE:SCHW)

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