WCM Investment Management CA lifted its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 8.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 981,914 shares of the financial services provider’s stock after purchasing an additional 78,129 shares during the period. The Charles Schwab Corporation comprises about 0.5% of WCM Investment Management CA’s investment portfolio, making the stock its 29th biggest position. WCM Investment Management CA owned 0.07% of The Charles Schwab Corporation worth $42,949,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. American Century Companies Inc. grew its holdings in shares of The Charles Schwab Corporation by 19.4% during the 2nd quarter. American Century Companies Inc. now owns 4,139,650 shares of the financial services provider’s stock valued at $177,839,000 after purchasing an additional 673,011 shares during the last quarter. Principal Financial Group Inc. grew its holdings in The Charles Schwab Corporation by 17.3% in the 2nd quarter. Principal Financial Group Inc. now owns 3,100,144 shares of the financial services provider’s stock worth $133,182,000 after acquiring an additional 457,591 shares during the last quarter. Cubist Systematic Strategies LLC grew its holdings in The Charles Schwab Corporation by 317.6% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 51,701 shares of the financial services provider’s stock worth $2,221,000 after acquiring an additional 39,321 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in The Charles Schwab Corporation by 1.6% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,417,577 shares of the financial services provider’s stock worth $103,859,000 after acquiring an additional 38,306 shares during the last quarter. Finally, CIBC World Markets Inc. bought a new stake in The Charles Schwab Corporation in the 2nd quarter worth $282,000. 79.41% of the stock is currently owned by institutional investors.

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In related news, EVP Terri R. Kallsen sold 1,000 shares of The Charles Schwab Corporation stock in a transaction dated 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Charles R. Schwab sold 200,000 shares of The Charles Schwab Corporation stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $44.29, for a total transaction of $8,858,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 573,095 shares of company stock valued at $25,552,240. 12.00% of the stock is currently owned by corporate insiders.

SCHW has been the topic of a number of recent analyst reports. BidaskClub lowered shares of The Charles Schwab Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Argus reissued a “buy” rating and issued a $48.00 price target (up previously from $46.00) on shares of The Charles Schwab Corporation in a report on Friday, July 21st. Instinet reissued a “neutral” rating and issued a $43.00 price target (down previously from $46.00) on shares of The Charles Schwab Corporation in a report on Monday, July 24th. Nomura lowered shares of The Charles Schwab Corporation from a “buy” rating to a “neutral” rating in a report on Monday, July 24th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $51.00 price target (up previously from $48.00) on shares of The Charles Schwab Corporation in a report on Tuesday, July 25th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The Charles Schwab Corporation has an average rating of “Buy” and an average target price of $47.07.

Shares of The Charles Schwab Corporation (NYSE SCHW) traded up $0.33 during midday trading on Tuesday, reaching $44.60. 4,225,800 shares of the company were exchanged, compared to its average volume of 7,102,346. The Charles Schwab Corporation has a one year low of $36.04 and a one year high of $46.21. The stock has a market cap of $59,347.30, a PE ratio of 28.38, a P/E/G ratio of 1.88 and a beta of 1.74. 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 Charles Schwab Corporation (NYSE:SCHW) last issued its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. The Charles Schwab Corporation had a net margin of 27.30% and a return on equity of 15.77%. The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same period last year, the company posted $0.35 EPS. The Charles Schwab Corporation’s revenue was up 13.1% on a year-over-year basis. research analysts anticipate that The Charles Schwab Corporation will post 1.62 earnings per share for the current year.

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

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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