Nicolet Bankshares Inc. decreased its stake in The Charles Schwab Corporation (NYSE:SCHW) by 3.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,257 shares of the financial services provider’s stock after selling 749 shares during the period. Nicolet Bankshares Inc.’s holdings in The Charles Schwab Corporation were worth $784,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. WealthTrust Arizona LLC increased 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 buying an additional 29 shares in the last quarter. Pinnacle Bank purchased a new stake in The Charles Schwab Corporation during the first quarter valued at about $119,000. First Bank & Trust increased its stake in 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 valued at $128,000 after buying an additional 109 shares in the last quarter. YorkBridge Wealth Partners LLC increased its stake in 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 valued at $131,000 after buying an additional 287 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its stake in The Charles Schwab Corporation by 6.4% in the first quarter. Quadrant Capital Group LLC now owns 3,449 shares of the financial services provider’s stock valued at $133,000 after buying an additional 207 shares in the last quarter. 79.41% of the stock is owned by institutional investors and hedge funds.

Shares of The Charles Schwab Corporation (SCHW) opened at 40.61 on Friday. The company’s 50 day moving average is $42.71 and its 200-day moving average is $41.04. The Charles Schwab Corporation has a 12 month low of $29.23 and a 12 month high of $44.10. The firm has a market cap of $54.38 billion, a PE ratio of 27.26 and a beta of 1.63.

The Charles Schwab Corporation (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.39. The Charles Schwab Corporation had a net margin of 26.73% and a return on equity of 15.41%. The business had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the prior year, the business posted $0.30 earnings per share. The Charles Schwab Corporation’s revenue was up 16.5% compared to the same quarter last year. Equities research analysts predict 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 dividend of $0.08 per share. The ex-dividend date is Wednesday, August 9th. This represents a $0.32 annualized dividend and a yield of 0.79%. The Charles Schwab Corporation’s dividend payout ratio is 21.48%.

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A number of analysts have weighed in on the stock. Instinet reissued a “conviction-buy” rating and issued a $46.00 price target (up from $44.00) on shares of The Charles Schwab Corporation in a report on Friday, April 14th. Jefferies Group LLC reissued a “buy” rating and issued a $48.00 price target on shares of The Charles Schwab Corporation in a report on Wednesday, May 31st. BidaskClub raised shares of The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Morgan Stanley reissued an “overweight” rating and issued a $48.00 price target (up from $45.00) on shares of The Charles Schwab Corporation in a report on Monday, July 10th. 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 report on Monday, June 12th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The Charles Schwab Corporation presently has an average rating of “Buy” and an average price target of $44.00.

In related news, Chairman Charles R. Schwab sold 350,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $43.10, for a total transaction of $15,085,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Charles R. Schwab sold 26,000 shares of the company’s stock in a transaction dated Monday, July 31st. The stock was 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. Insiders have sold 924,122 shares of company stock valued at $39,694,987 in the last ninety days. 12.00% of the stock is currently owned by company insiders.

About The Charles Schwab Corporation

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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