First Bank & Trust decreased its stake in The Charles Schwab Corporation (NYSE:SCHW) by 2.6% during the second quarter, Holdings Channel reports. The firm owned 3,043 shares of the financial services provider’s stock after selling 82 shares during the period. First Bank & Trust’s holdings in The Charles Schwab Corporation were worth $131,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its stake in The Charles Schwab Corporation by 25.4% in the first quarter. Bank of Montreal Can now owns 1,125,778 shares of the financial services provider’s stock valued at $45,943,000 after buying an additional 227,859 shares during the period. Atria Investments LLC boosted its stake in The Charles Schwab Corporation by 2.3% in the first quarter. Atria Investments LLC now owns 14,960 shares of the financial services provider’s stock valued at $611,000 after buying an additional 341 shares during the period. Eastern Bank purchased a new stake in The Charles Schwab Corporation during the first quarter valued at about $8,544,000. Fox Run Management L.L.C. boosted its stake in The Charles Schwab Corporation by 82.8% in the first quarter. Fox Run Management L.L.C. now owns 17,000 shares of the financial services provider’s stock valued at $694,000 after buying an additional 7,700 shares during the period. Finally, Torch Wealth Management LLC boosted its stake in The Charles Schwab Corporation by 0.5% in the first quarter. Torch Wealth Management LLC now owns 58,675 shares of the financial services provider’s stock valued at $2,395,000 after buying an additional 300 shares during the period. 79.45% of the stock is owned by institutional investors and hedge funds.

The Charles Schwab Corporation (NYSE SCHW) opened at 41.12 on Tuesday. The stock’s 50 day moving average is $42.67 and its 200-day moving average is $41.02. The Charles Schwab Corporation has a 52 week low of $29.86 and a 52 week high of $44.10. The firm has a market capitalization of $55.06 billion, a price-to-earnings ratio of 27.60 and a beta of 1.63.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, August 11th will be given a $0.08 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $0.32 annualized dividend and a yield of 0.78%. The Charles Schwab Corporation’s dividend payout ratio is presently 21.48%.

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SCHW has been the subject of several recent analyst reports. Deutsche Bank AG decreased their price objective on shares of The Charles Schwab Corporation from $46.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, April 18th. SunTrust Banks, Inc. reduced their price target on shares of The Charles Schwab Corporation from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Wednesday, April 19th. Citigroup Inc. reissued a “buy” rating and issued a $43.00 price target (down from $45.00) on shares of The Charles Schwab Corporation in a research report on Saturday, April 22nd. Jefferies Group LLC boosted their price target on shares of The Charles Schwab Corporation from $47.00 to $48.00 and gave the company a “buy” rating in a research report on Monday, April 24th. Finally, Wells Fargo & Company reissued a “market perform” rating and issued a $44.00 price target (up 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 assigned a hold rating and twelve have issued a buy rating to the stock. The Charles Schwab Corporation presently has an average rating of “Buy” and a consensus target price of $44.00.

In related news, EVP Terri R. Kallsen sold 2,000 shares of The Charles Schwab Corporation stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $43.07, for a total value of $86,140.00. Following the sale, the executive vice president now directly owns 5,212 shares in the company, valued at approximately $224,480.84. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Charles R. Schwab sold 26,000 shares of The Charles Schwab Corporation stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $42.80, for a total transaction of $1,112,800.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 924,122 shares of company stock worth $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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