CAPROCK Group Inc. purchased a new stake in shares of The Charles Schwab Corporation (NYSE:SCHW) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,342 shares of the financial services provider’s stock, valued at approximately $229,000.

Several other large investors also recently modified their holdings of the stock. BlackRock Inc. boosted its stake in The Charles Schwab Corporation by 1,921.5% in the first quarter. BlackRock Inc. now owns 71,876,119 shares of the financial services provider’s stock valued at $2,933,263,000 after buying an additional 68,320,480 shares in the last quarter. Findlay Park Partners LLP acquired a new stake in The Charles Schwab Corporation during the first quarter valued at approximately $218,669,000. FMR LLC boosted its stake in The Charles Schwab Corporation by 18.2% in the first quarter. FMR LLC now owns 27,637,472 shares of the financial services provider’s stock valued at $1,127,886,000 after buying an additional 4,259,181 shares in the last quarter. Vanguard Group Inc. boosted its stake in The Charles Schwab Corporation by 4.0% in the first quarter. Vanguard Group Inc. now owns 79,388,639 shares of the financial services provider’s stock valued at $3,239,850,000 after buying an additional 3,063,203 shares in the last quarter. Finally, Waddell & Reed Financial Inc. boosted its stake in The Charles Schwab Corporation by 69.3% in the first quarter. Waddell & Reed Financial Inc. now owns 6,367,351 shares of the financial services provider’s stock valued at $259,851,000 after buying an additional 2,605,949 shares in the last quarter. 79.41% of the stock is owned by institutional investors.

The Charles Schwab Corporation (NYSE:SCHW) opened at 40.65 on Friday. The stock has a 50 day moving average price of $42.68 and a 200-day moving average price of $41.04. The Charles Schwab Corporation has a 12-month low of $29.83 and a 12-month high of $44.10. The company has a market cap of $54.44 billion, a price-to-earnings ratio of 27.28 and a beta of 1.63.

The Charles Schwab Corporation (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share for the quarter, hitting the consensus estimate of $0.39. The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate 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 quarter in the prior year, the business posted $0.30 EPS. On average, analysts predict that The Charles Schwab Corporation will post $1.61 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, August 11th will be paid a $0.08 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $0.32 annualized dividend and a dividend yield of 0.79%. The Charles Schwab Corporation’s payout ratio is currently 21.48%.

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Several equities research analysts recently commented on SCHW shares. Citigroup Inc. reaffirmed a “buy” rating and set a $43.00 target price (down previously from $45.00) on shares of The Charles Schwab Corporation in a research note on Saturday, April 22nd. Deutsche Bank AG decreased their target price on The Charles Schwab Corporation from $45.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, April 24th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $44.00 target price (up previously from $42.00) on shares of The Charles Schwab Corporation in a research note on Monday, June 12th. Morgan Stanley reaffirmed an “overweight” rating and set a $48.00 target price (up previously from $45.00) on shares of The Charles Schwab Corporation in a research note on Monday, July 10th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $46.00 target price on shares of The Charles Schwab Corporation in a research note on Friday, June 16th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $44.00.

In related news, EVP Terri R. Kallsen sold 10,536 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $43.15, for a total value of $454,628.40. Following the sale, the executive vice president now owns 5,212 shares in the company, valued at approximately $224,897.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Terri R. Kallsen sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $43.07, for a total value of $86,140.00. Following the completion of the sale, the executive vice president now owns 5,212 shares in the company, valued at approximately $224,480.84. The disclosure for this sale can be found here. Insiders sold a total of 924,122 shares of company stock worth $39,694,987 in the last 90 days. 12.00% of the stock is currently 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.

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

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