Chevy Chase Trust Holdings Inc. lifted its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 0.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,675,592 shares of the financial services provider’s stock after buying an additional 6,112 shares during the period. Chevy Chase Trust Holdings Inc. owned approximately 0.12% of The Charles Schwab worth $73,290,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Bbva Compass Bancshares Inc. lifted its position in The Charles Schwab by 9.9% during the second quarter. Bbva Compass Bancshares Inc. now owns 13,673 shares of the financial services provider’s stock valued at $587,000 after purchasing an additional 1,236 shares during the period. CAPROCK Group Inc. acquired a new position in The Charles Schwab during the second quarter valued at $229,000. Grandfield & Dodd LLC lifted its position in The Charles Schwab by 22.5% during the second quarter. Grandfield & Dodd LLC now owns 19,640 shares of the financial services provider’s stock valued at $844,000 after purchasing an additional 3,609 shares during the period. Accuvest Global Advisors lifted its position in The Charles Schwab by 16.0% during the second quarter. Accuvest Global Advisors now owns 12,392 shares of the financial services provider’s stock valued at $532,000 after purchasing an additional 1,706 shares during the period. Finally, Bessemer Group Inc. lifted its position in The Charles Schwab by 11.7% during the second quarter. Bessemer Group Inc. now owns 134,056 shares of the financial services provider’s stock valued at $5,759,000 after purchasing an additional 14,075 shares during the period. Institutional investors and hedge funds own 79.84% of the company’s stock.

In related news, CFO Peter B. Crawford sold 12,459 shares of the company’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $51.58, for a total transaction of $642,635.22. Following the completion of the sale, the chief financial officer now owns 7,652 shares of the company’s stock, valued at approximately $394,690.16. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Terri R. Kallsen sold 1,982 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $50.55, for a total transaction of $100,190.10. Following the sale, the executive vice president now directly owns 1,706 shares of the company’s stock, valued at approximately $86,238.30. The disclosure for this sale can be found here. Insiders have sold 1,778,324 shares of company stock valued at $82,710,964 in the last three months. Corporate insiders own 12.00% of the company’s stock.

A number of research analysts recently issued reports on SCHW shares. BidaskClub downgraded shares of The Charles Schwab from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Barclays started coverage on shares of The Charles Schwab in a research report on Friday, September 8th. They set an “overweight” rating and a $48.00 target price for the company. Jefferies Group restated a “buy” rating and set a $49.00 target price on shares of The Charles Schwab in a research report on Friday, September 15th. Keefe, Bruyette & Woods restated a “buy” rating and set a $47.00 target price on shares of The Charles Schwab in a research report on Friday, September 15th. Finally, Morgan Stanley boosted their target price on shares of The Charles Schwab from $51.00 to $53.00 and gave the company an “overweight” rating in a research report on Thursday, October 5th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $47.56.

The Charles Schwab Corporation (NYSE:SCHW) traded up $0.31 during mid-day trading on Friday, hitting $51.39. 5,490,623 shares of the stock were exchanged, compared to its average volume of 6,139,449. The stock has a market capitalization of $68,476.63, a PE ratio of 32.74, a P/E/G ratio of 2.17 and a beta of 1.74. The company has a quick ratio of 0.30, a current ratio of 0.31 and a debt-to-equity ratio of 0.21. The Charles Schwab Corporation has a twelve month low of $37.16 and a twelve month high of $51.89.

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

The business also recently announced a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Friday, November 10th were paid a dividend of $0.08 per share. The ex-dividend date was Thursday, November 9th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.62%. The Charles Schwab’s dividend payout ratio is currently 20.51%.

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The Charles Schwab 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 (NYSE:SCHW)

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