Seven Bridges Advisors LLC raised its position in The Charles Schwab Corporation (NYSE:SCHW) by 15.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,330 shares of the financial services provider’s stock after buying an additional 2,957 shares during the period. Seven Bridges Advisors LLC’s holdings in The Charles Schwab Corporation were worth $959,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SCHW. First Manhattan Co. increased its stake in shares of The Charles Schwab Corporation by 395.9% in the first quarter. First Manhattan Co. now owns 1,252,265 shares of the financial services provider’s stock worth $39,534,000 after buying an additional 999,750 shares during the period. 1ST Source Bank increased its stake in shares of The Charles Schwab Corporation by 65.7% in the first quarter. 1ST Source Bank now owns 52,583 shares of the financial services provider’s stock worth $2,146,000 after buying an additional 20,847 shares during the period. Reilly Financial Advisors LLC increased its stake in shares of The Charles Schwab Corporation by 10.0% in the first quarter. Reilly Financial Advisors LLC now owns 4,571 shares of the financial services provider’s stock worth $187,000 after buying an additional 415 shares during the period. First Mercantile Trust Co. increased its stake in shares of The Charles Schwab Corporation by 10.5% in the first quarter. First Mercantile Trust Co. now owns 78,728 shares of the financial services provider’s stock worth $3,213,000 after buying an additional 7,496 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of The Charles Schwab Corporation during the first quarter worth about $5,391,000. Institutional investors own 79.45% of the company’s stock.

Shares of The Charles Schwab Corporation (NYSE:SCHW) opened at 40.93 on Wednesday. The Charles Schwab Corporation has a 1-year low of $29.86 and a 1-year high of $44.10. The company has a market capitalization of $54.81 billion, a PE ratio of 27.47 and a beta of 1.63. The company has a 50 day moving average price of $42.64 and a 200 day moving average price of $41.01.

The Charles Schwab Corporation (NYSE:SCHW) last announced its earnings results on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The firm had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.13 billion. The Charles Schwab Corporation had a net margin of 26.73% and a return on equity of 15.41%. The business’s revenue was up 16.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.30 EPS. Equities analysts predict that The Charles Schwab Corporation will post $1.61 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, August 11th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Wednesday, August 9th. The Charles Schwab Corporation’s dividend payout ratio is 21.48%.

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A number of equities research analysts recently issued reports on SCHW shares. Citigroup Inc. reiterated a “buy” rating and issued a $43.00 price objective (down previously from $45.00) on shares of The Charles Schwab Corporation in a research report on Saturday, April 22nd. Deutsche Bank AG lowered their price target on The Charles Schwab Corporation from $45.00 to $44.00 and set a “buy” rating on the stock in a research report on Monday, April 24th. Wells Fargo & Company restated a “market perform” rating and set a $44.00 price target (up previously from $42.00) on shares of The Charles Schwab Corporation in a research report on Monday, June 12th. Morgan Stanley restated an “overweight” rating and set a $48.00 price target (up previously from $45.00) on shares of The Charles Schwab Corporation in a research report on Monday, July 10th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $46.00 price target on shares of The Charles Schwab Corporation in a research report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $44.00.

In related news, EVP Terri R. Kallsen sold 10,536 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $43.15, for a total transaction of $454,628.40. Following the transaction, the executive vice president now directly owns 5,212 shares in the company, valued at approximately $224,897.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Marie A. Chandoha sold 7,002 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $41.96, for a total transaction of $293,803.92. The disclosure for this sale can be found here. Insiders have sold a total of 924,122 shares of company stock worth $39,694,987 over the last quarter. 12.00% of the stock is currently owned by 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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