Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 3.2% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 194,662 shares of the financial services provider’s stock after buying an additional 6,093 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in The Charles Schwab Corporation were worth $8,515,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. WealthTrust Arizona LLC lifted its stake in The Charles Schwab Corporation by 1.2% in 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 last quarter. Shine Investment Advisory Services Inc. purchased a new stake in shares of The Charles Schwab Corporation during the second quarter worth $145,000. Fiduciary Trust Co. purchased a new stake in shares of The Charles Schwab Corporation during the second quarter worth $163,000. Quadrant Capital Group LLC lifted its position in shares of 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 worth $168,000 after acquiring an additional 1,082 shares in the last quarter. Finally, Founders Capital Management lifted its position in shares of 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 worth $180,000 after acquiring an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 79.56% of the company’s stock.

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In related news, Chairman Charles R. Schwab sold 225,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $44.89, for a total transaction of $10,100,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Terri R. Kallsen sold 1,000 shares of the firm’s stock in a transaction that occurred 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 sale, 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. Insiders have sold 376,867 shares of company stock valued at $16,844,702 in the last ninety days. Insiders own 12.00% of the company’s stock.

Shares of The Charles Schwab Corporation (NYSE SCHW) remained flat at $$44.82 on Monday. The stock had a trading volume of 418,863 shares, compared to its average volume of 5,967,151. The company has a quick ratio of 0.31, a current ratio of 0.32 and a debt-to-equity ratio of 0.24. The Charles Schwab Corporation has a 12 month low of $30.66 and a 12 month high of $46.21. The firm has a market capitalization of $60,019.31, a PE ratio of 28.73, a price-to-earnings-growth ratio of 1.90 and a beta of 1.74.

The Charles Schwab Corporation (NYSE:SCHW) last announced its earnings results on Wednesday, October 18th. The financial services provider reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.01. The Charles Schwab Corporation had a net margin of 27.30% and a return on equity of 16.07%. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter last year, the firm earned $0.35 earnings per share. The business’s revenue for the quarter was up 13.1% on a year-over-year basis. equities research analysts forecast that The Charles Schwab Corporation will post 1.62 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Friday, November 10th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Thursday, November 9th. The Charles Schwab Corporation’s dividend payout ratio is 20.51%.

Several research firms have issued reports on SCHW. BidaskClub downgraded The Charles Schwab Corporation from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Barclays PLC increased their target price on The Charles Schwab Corporation from $48.00 to $51.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 10th. Citigroup Inc. assumed coverage on The Charles Schwab Corporation in a research report on Thursday, July 13th. They set a “neutral” rating and a $46.00 target price on the stock. Rosenblatt Securities assumed coverage on shares of The Charles Schwab Corporation in a report on Thursday, July 13th. They issued a “neutral” rating and a $46.00 price target on the stock. Finally, Deutsche Bank AG upped their price target on shares of The Charles Schwab Corporation from $46.00 to $47.00 and gave the stock a “hold” rating in a report on Wednesday, October 25th. Six 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 target price of $47.07.

The Charles Schwab Corporation 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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