IFM Investors Pty Ltd lifted its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 3.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,908 shares of the financial services provider’s stock after purchasing an additional 1,157 shares during the period. IFM Investors Pty Ltd’s holdings in The Charles Schwab were worth $1,483,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in The Charles Schwab by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 81,925,586 shares of the financial services provider’s stock valued at $3,519,523,000 after buying an additional 2,536,947 shares during the last quarter. BlackRock Inc. grew its stake in The Charles Schwab by 2.5% in the 2nd quarter. BlackRock Inc. now owns 73,666,134 shares of the financial services provider’s stock valued at $3,164,699,000 after buying an additional 1,790,015 shares during the last quarter. JPMorgan Chase & Co. grew its stake in The Charles Schwab by 1.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 39,576,199 shares of the financial services provider’s stock valued at $1,700,193,000 after buying an additional 491,451 shares during the last quarter. FMR LLC grew its stake in The Charles Schwab by 11.3% in the 2nd quarter. FMR LLC now owns 30,766,004 shares of the financial services provider’s stock valued at $1,321,708,000 after buying an additional 3,128,532 shares during the last quarter. Finally, Capital Research Global Investors grew its stake in The Charles Schwab by 86.3% in the 2nd quarter. Capital Research Global Investors now owns 24,237,199 shares of the financial services provider’s stock valued at $1,041,230,000 after buying an additional 11,224,199 shares during the last quarter. Institutional investors own 79.84% of the company’s stock.

In other news, insider Walter W. Bettinger sold 262,309 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $48.15, for a total transaction of $12,630,178.35. Following the completion of the sale, the insider now owns 539,773 shares of the company’s stock, valued at approximately $25,990,069.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Walter W. Bettinger purchased 72,510 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were purchased at an average cost of $27.21 per share, with a total value of $1,972,997.10. Following the acquisition, the insider now owns 41,330 shares in the company, valued at approximately $1,124,589.30. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 1,778,324 shares of company stock worth $82,710,964. Company insiders own 12.00% of the company’s stock.

Shares of The Charles Schwab Corporation (NYSE:SCHW) traded up $0.84 during trading hours on Wednesday, hitting $51.56. 7,251,100 shares of the company’s stock were exchanged, compared to its average volume of 7,072,047. The Charles Schwab Corporation has a 1 year low of $37.16 and a 1 year high of $51.98. The firm has a market cap of $67,994.02, a price-to-earnings ratio of 32.51, a PEG ratio of 2.16 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 (NYSE:SCHW) last announced its earnings results on Wednesday, October 18th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.01. The Charles Schwab had a net margin of 27.30% and a return on equity of 15.77%. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the prior year, the business posted $0.35 EPS. The business’s revenue was up 13.1% compared to the same quarter last year. analysts forecast that The Charles Schwab Corporation will post 1.62 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 24th. Shareholders of record on Friday, November 10th were given a dividend of $0.08 per share. The ex-dividend date was Thursday, November 9th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.62%. The Charles Schwab’s payout ratio is presently 20.51%.

A number of brokerages recently commented on SCHW. Credit Suisse Group began coverage on shares of The Charles Schwab in a research note on Thursday, November 30th. They issued an “outperform” rating and a $55.00 price target on the stock. Barclays upped their price target on shares of The Charles Schwab from $48.00 to $51.00 and gave the company an “overweight” rating in a research note on Tuesday, October 10th. BidaskClub upgraded shares of The Charles Schwab from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 10th. Deutsche Bank upped their price target on shares of The Charles Schwab from $46.00 to $47.00 and gave the company a “hold” rating in a research note on Wednesday, October 25th. Finally, Morgan Stanley upped their price target on shares of The Charles Schwab from $51.00 to $53.00 and gave the company an “overweight” rating in a research note on Thursday, October 5th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $47.56.

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The Charles Schwab 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.

Institutional Ownership by Quarter for The Charles Schwab (NYSE:SCHW)

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