Russell Investments Group Ltd. lifted its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 28.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,640,675 shares of the financial services provider’s stock after buying an additional 577,880 shares during the quarter. Russell Investments Group Ltd. owned about 0.20% of The Charles Schwab Corporation worth $115,494,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of SCHW. WealthTrust Arizona LLC grew its holdings in The Charles Schwab Corporation by 1.2% during the second quarter. WealthTrust Arizona LLC now owns 2,466 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 29 shares during the period. Shine Investment Advisory Services Inc. acquired a new position in The Charles Schwab Corporation during the second quarter valued at approximately $145,000. Fiduciary Trust Co. acquired a new position in The Charles Schwab Corporation during the second quarter valued at approximately $163,000. Quadrant Capital Group LLC grew its holdings in The Charles Schwab Corporation by 31.4% during the second quarter. Quadrant Capital Group LLC now owns 4,531 shares of the financial services provider’s stock valued at $168,000 after purchasing an additional 1,082 shares during the period. Finally, Founders Capital Management grew its holdings in The Charles Schwab Corporation by 7.7% during the second quarter. Founders Capital Management now owns 4,200 shares of the financial services provider’s stock valued at $180,000 after purchasing an additional 300 shares during the period. Institutional investors own 79.41% of the company’s stock.

In other The Charles Schwab Corporation news, Chairman Charles R. Schwab sold 200,000 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $44.29, for a total transaction of $8,858,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Terri R. Kallsen sold 815 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $43.97, for a total transaction of $35,835.55. The disclosure for this sale can be found here. In the last three months, insiders sold 573,095 shares of company stock worth $25,552,240. 12.00% of the stock is currently owned by insiders.

Shares of The Charles Schwab Corporation (SCHW) traded down $0.01 during mid-day trading on Wednesday, hitting $44.59. 3,747,500 shares of the stock were exchanged, compared to its average volume of 7,087,097. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.30 and a current ratio of 0.31. The company has a market capitalization of $59,789.69, a price-to-earnings ratio of 28.59, a PEG ratio of 1.89 and a beta of 1.74. The Charles Schwab Corporation has a twelve month low of $36.04 and a twelve month high of $46.21.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Friday, November 10th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Thursday, November 9th. The Charles Schwab Corporation’s dividend payout ratio is presently 20.51%.

SCHW has been the subject of a number of analyst reports. BidaskClub cut shares of The Charles Schwab Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Jefferies Group LLC reiterated a “buy” rating and issued a $49.00 price target on shares of The Charles Schwab Corporation in a report on Friday, September 15th. Morgan Stanley upped their price target on shares of The Charles Schwab Corporation from $51.00 to $53.00 and gave the company an “overweight” rating in a report on Thursday, October 5th. Nomura cut shares of The Charles Schwab Corporation from a “buy” rating to a “neutral” rating in a report on Monday, July 24th. Finally, Deutsche Bank AG upped their price target on shares of The Charles Schwab Corporation from $46.00 to $47.00 and gave the company a “hold” rating in a report on Wednesday, October 25th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $47.07.

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About The Charles Schwab Corporation

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 Corporation (NYSE:SCHW)

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