People s United Financial Inc. lifted its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 0.6% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 71,712 shares of the financial services provider’s stock after buying an additional 402 shares during the period. People s United Financial Inc.’s holdings in The Charles Schwab Corporation were worth $3,080,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of SCHW. WealthTrust Arizona LLC grew its position in The Charles Schwab Corporation by 1.2% during the 2nd quarter. WealthTrust Arizona LLC now owns 2,466 shares of the financial services provider’s stock worth $106,000 after acquiring an additional 29 shares during the last quarter. Lowe Brockenbrough & Co. Inc. grew its position in The Charles Schwab Corporation by 0.9% during the 2nd quarter. Lowe Brockenbrough & Co. Inc. now owns 6,770 shares of the financial services provider’s stock worth $291,000 after acquiring an additional 62 shares during the last quarter. Norway Savings Bank grew its position in The Charles Schwab Corporation by 0.7% during the 2nd quarter. Norway Savings Bank now owns 9,583 shares of the financial services provider’s stock worth $412,000 after acquiring an additional 63 shares during the last quarter. Atria Investments LLC grew its position in The Charles Schwab Corporation by 0.4% during the 2nd quarter. Atria Investments LLC now owns 15,025 shares of the financial services provider’s stock worth $645,000 after acquiring an additional 65 shares during the last quarter. Finally, Guardian Life Insurance Co. of America grew its position in The Charles Schwab Corporation by 1.5% during the 1st quarter. Guardian Life Insurance Co. of America now owns 4,692 shares of the financial services provider’s stock worth $191,000 after acquiring an additional 70 shares during the last quarter. 79.53% of the stock is owned by institutional investors.

In related news, insider Marie A. Chandoha sold 6,018 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $44.06, for a total value of $265,153.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Bernard J. Clark sold 75,244 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $43.98, for a total value of $3,309,231.12. The disclosure for this sale can be found here. Insiders sold 1,005,884 shares of company stock worth $43,286,361 over the last three months. 12.00% of the stock is owned by insiders.

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A number of brokerages recently weighed in on SCHW. BidaskClub lowered The Charles Schwab Corporation from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Jefferies Group LLC restated a “buy” rating and set a $49.00 price objective on shares of The Charles Schwab Corporation in a research report on Friday, September 15th. Keefe, Bruyette & Woods restated a “buy” rating and set a $47.00 price objective on shares of The Charles Schwab Corporation in a research report on Friday, September 15th. 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. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $45.47.

Shares of The Charles Schwab Corporation (SCHW) traded up 0.25% during midday trading on Friday, hitting $43.74. The company had a trading volume of 5,346,806 shares. The Charles Schwab Corporation has a 52 week low of $29.86 and a 52 week high of $44.10. The firm’s 50 day moving average is $40.42 and its 200 day moving average is $40.76. The company has a market capitalization of $58.57 billion, a P/E ratio of 29.36 and a beta of 1.64. The Charles Schwab Corporation also saw unusually large options trading on Wednesday. Traders purchased 6,534 put options on the stock. This is an increase of 774% compared to the average volume of 748 put options.

The Charles Schwab Corporation (NYSE:SCHW) last posted 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 company had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.13 billion. The Charles Schwab Corporation had a return on equity of 15.41% and a net margin of 26.73%. The Charles Schwab Corporation’s quarterly revenue was up 16.5% on a year-over-year basis. During the same period last year, the firm earned $0.30 earnings per share. Equities research analysts anticipate that The Charles Schwab Corporation will post $1.61 EPS for the current year.

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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