FSI Group LLC lowered its stake in The Charles Schwab Corporation (NYSE:SCHW) by 41.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 58,700 shares of the financial services provider’s stock after selling 41,300 shares during the period. The Charles Schwab Corporation accounts for 1.4% of FSI Group LLC’s portfolio, making the stock its 25th largest position. FSI Group LLC’s holdings in The Charles Schwab Corporation were worth $2,522,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in SCHW. WealthTrust Arizona LLC boosted its position in shares of 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 worth $106,000 after buying an additional 29 shares in the last quarter. First Bank & Trust boosted its position in shares of The Charles Schwab Corporation by 3.6% in the first quarter. First Bank & Trust now owns 3,125 shares of the financial services provider’s stock worth $128,000 after buying an additional 109 shares in the last quarter. YorkBridge Wealth Partners LLC boosted its position in shares of The Charles Schwab Corporation by 9.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 3,267 shares of the financial services provider’s stock worth $131,000 after buying an additional 287 shares in the last quarter. Shine Investment Advisory Services Inc. purchased a new position in shares of The Charles Schwab Corporation during the second quarter worth about $145,000. Finally, FTB Advisors Inc. boosted its position in shares of The Charles Schwab Corporation by 365.8% in the first quarter. FTB Advisors Inc. now owns 3,852 shares of the financial services provider’s stock worth $151,000 after buying an additional 3,025 shares in the last quarter. 79.60% of the stock is owned by institutional investors.

Shares of The Charles Schwab Corporation (NYSE:SCHW) opened at 39.54 on Tuesday. The Charles Schwab Corporation has a 12 month low of $29.86 and a 12 month high of $44.10. The stock has a market capitalization of $52.95 billion, a price-to-earnings ratio of 26.54 and a beta of 1.63. The stock’s 50 day moving average price is $41.90 and its 200 day moving average price is $40.95.

The Charles Schwab Corporation (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.39 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.39. The Charles Schwab Corporation had a return on equity of 15.41% and a net margin of 26.73%. The company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the previous year, the firm posted $0.30 EPS. The firm’s revenue was up 16.5% compared to the same quarter last year. Analysts expect that The Charles Schwab Corporation will post $1.61 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Friday, August 11th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $0.32 dividend on an annualized basis and a yield of 0.81%. The Charles Schwab Corporation’s dividend payout ratio is currently 21.48%.

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SCHW has been the topic of a number of recent research reports. Deutsche Bank AG reiterated a “buy” rating and issued a $45.00 target price (up from $44.00) on shares of The Charles Schwab Corporation in a report on Monday, May 15th. Jefferies Group LLC restated a “buy” rating and set a $48.00 price objective on shares of The Charles Schwab Corporation in a research note on Wednesday, May 31st. Wells Fargo & Company restated a “market perform” rating and set a $44.00 price objective (up from $42.00) on shares of The Charles Schwab Corporation in a research note on Monday, June 12th. BidaskClub upgraded The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $46.00 price objective on shares of The Charles Schwab Corporation in a research note on Friday, June 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $44.00.

In other news, Chairman Charles R. Schwab sold 290,000 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $43.27, for a total value of $12,548,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Charles R. Schwab sold 26,000 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $42.80, for a total value of $1,112,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 924,122 shares of company stock valued at $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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