Ironwood Investment Counsel LLC boosted its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 15.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,368 shares of the financial services provider’s stock after acquiring an additional 15,340 shares during the quarter. The Charles Schwab Corporation accounts for approximately 1.9% of Ironwood Investment Counsel LLC’s holdings, making the stock its 15th largest position. Ironwood Investment Counsel LLC’s holdings in The Charles Schwab Corporation were worth $4,956,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. WealthTrust Arizona LLC lifted its position in The Charles Schwab Corporation by 1.2% in the 2nd quarter. WealthTrust Arizona LLC now owns 2,466 shares of the financial services provider’s stock valued at $106,000 after acquiring an additional 29 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its position in The Charles Schwab Corporation by 9.6% in the 1st quarter. YorkBridge Wealth Partners LLC now owns 3,267 shares of the financial services provider’s stock valued at $131,000 after acquiring an additional 287 shares in the last quarter. Shine Investment Advisory Services Inc. bought a new position in The Charles Schwab Corporation in the 2nd quarter valued at approximately $145,000. Founders Capital Management bought a new position in The Charles Schwab Corporation in the 1st quarter valued at approximately $159,000. Finally, Fiduciary Trust Co. bought a new position in The Charles Schwab Corporation in the 2nd quarter valued at approximately $163,000. 79.53% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently issued reports on the company. Deutsche Bank AG cut The Charles Schwab Corporation from a “buy” rating to a “hold” rating and upped their price objective for the company from $40.00 to $43.00 in a research report on Tuesday, July 11th. Morgan Stanley reiterated an “overweight” rating and set a $48.00 target price (up from $45.00) on shares of The Charles Schwab Corporation in a research note on Monday, July 10th. Rosenblatt Securities initiated coverage on shares of The Charles Schwab Corporation in a research note on Thursday, July 13th. They set a “neutral” rating and a $46.00 target price for the company. Citigroup Inc. initiated coverage on shares of The Charles Schwab Corporation in a research note on Thursday, July 13th. They set a “neutral” rating and a $46.00 target price for the company. Finally, BidaskClub lowered shares of The Charles Schwab Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. The Charles Schwab Corporation has an average rating of “Buy” and a consensus price target of $45.47.

In other The Charles Schwab Corporation news, Chairman Charles R. Schwab sold 26,000 shares of The Charles Schwab Corporation stock in a transaction on Monday, July 31st. The shares were sold at an average price of $42.80, for a total value of $1,112,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Terri R. Kallsen sold 1,000 shares of The Charles Schwab Corporation stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $38.99, for a total transaction of $38,990.00. Following the completion of the transaction, the executive vice president now directly owns 5,212 shares of the company’s stock, valued at approximately $203,215.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 925,122 shares of company stock valued at $39,733,977. 12.00% of the stock is currently owned by corporate insiders.

The Charles Schwab Corporation (NYSE:SCHW) last issued its earnings results on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.39. The Charles Schwab Corporation had a net margin of 26.73% and a return on equity of 15.41%. The firm had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter last year, the company posted $0.30 earnings per share. The firm’s revenue was up 16.5% compared to the same quarter last year.

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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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