Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in The Charles Schwab Corporation (NYSE:SCHW) by 19.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 287,200 shares of the financial services provider’s stock after buying an additional 46,313 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in The Charles Schwab Corporation were worth $12,338,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of SCHW. BlackRock Inc. increased its stake in shares of 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 worth $2,933,263,000 after buying an additional 68,320,480 shares during the last quarter. Findlay Park Partners LLP bought a new stake in shares of The Charles Schwab Corporation during the first quarter worth $218,669,000. FMR LLC increased its stake in shares of 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 worth $1,127,886,000 after buying an additional 4,259,181 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of 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 worth $3,239,850,000 after buying an additional 3,063,203 shares during the last quarter. Finally, Waddell & Reed Financial Inc. increased its stake in shares of 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 worth $259,851,000 after buying an additional 2,605,949 shares during the last quarter. 79.60% of the stock is currently owned by institutional investors and hedge funds.

The Charles Schwab Corporation (SCHW) opened at 39.18 on Wednesday. The stock has a 50 day moving average price of $41.90 and a 200 day moving average price of $40.95. The stock has a market capitalization of $52.47 billion, a PE ratio of 26.30 and a beta of 1.63. The Charles Schwab Corporation has a 52 week low of $29.86 and a 52 week high of $44.10.

The Charles Schwab Corporation (NYSE:SCHW) last issued its earnings results on Tuesday, July 18th. The financial services provider reported $0.39 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.39. The Charles Schwab Corporation had a return on equity of 15.41% and a net margin of 26.73%. The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the previous year, the firm posted $0.30 earnings per share. The Charles Schwab Corporation’s quarterly revenue was up 16.5% compared to the same quarter last year. Equities analysts forecast that The Charles Schwab Corporation will post $1.61 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Friday, August 11th were paid a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $0.32 dividend on an annualized basis and a yield of 0.82%. The Charles Schwab Corporation’s payout ratio is currently 21.48%.

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A number of brokerages recently weighed in on SCHW. BidaskClub downgraded The Charles Schwab Corporation from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Citigroup Inc. began coverage on The Charles Schwab Corporation in a research report on Thursday, July 13th. They set a “neutral” rating and a $46.00 price objective on the stock. Rosenblatt Securities began coverage on The Charles Schwab Corporation in a research report on Thursday, July 13th. They set a “neutral” rating and a $46.00 price objective on the stock. Deutsche Bank AG downgraded The Charles Schwab Corporation from a “buy” rating to a “hold” rating and raised their price objective for the company from $40.00 to $43.00 in a research report on Tuesday, July 11th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and set a $44.00 price objective (up previously from $42.00) on shares of The Charles Schwab Corporation in a research report on Monday, June 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. The Charles Schwab Corporation currently has a consensus rating of “Buy” and an average price target of $44.00.

In other The Charles Schwab Corporation news, Chairman Charles R. Schwab sold 290,000 shares of The Charles Schwab Corporation stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $43.27, for a total value of $12,548,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Marie A. Chandoha sold 7,002 shares of The Charles Schwab Corporation stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $41.96, for a total value of $293,803.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 924,122 shares of company stock valued at $39,694,987. 12.00% of the stock is currently owned by 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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