Tokio Marine Asset Management Co. Ltd. cut its position in The Charles Schwab Corporation (NYSE:SCHW) by 42.8% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 135,737 shares of the financial services provider’s stock after selling 101,680 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in The Charles Schwab Corporation were worth $5,831,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Creative Planning boosted its stake in The Charles Schwab Corporation by 6.4% in the first quarter. Creative Planning now owns 48,753 shares of the financial services provider’s stock worth $1,990,000 after buying an additional 2,929 shares during the last quarter. Quadrant Capital Group LLC boosted 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 worth $133,000 after buying an additional 207 shares during the last quarter. Perkins Coie Trust Co boosted its stake in The Charles Schwab Corporation by 0.3% in the first quarter. Perkins Coie Trust Co now owns 56,430 shares of the financial services provider’s stock worth $2,303,000 after buying an additional 151 shares during the last quarter. Bank of Montreal Can boosted its stake in The Charles Schwab Corporation by 25.4% in the first quarter. Bank of Montreal Can now owns 1,125,778 shares of the financial services provider’s stock worth $45,943,000 after buying an additional 227,859 shares during the last quarter. Finally, Farmers Trust Co. bought a new stake in The Charles Schwab Corporation during the first quarter worth approximately $2,719,000. Institutional investors and hedge funds own 79.41% of the company’s stock.

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

The Charles Schwab Corporation (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.39 EPS for the quarter, meeting 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 company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the prior year, the firm posted $0.30 EPS. The Charles Schwab Corporation’s revenue for the quarter was up 16.5% on a year-over-year basis. On average, equities research analysts expect that The Charles Schwab Corporation will post $1.61 earnings per share for the current fiscal 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. This represents a $0.32 annualized dividend and a yield of 0.79%. The ex-dividend date is Wednesday, August 9th. The Charles Schwab Corporation’s dividend payout ratio (DPR) is 21.48%.

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SCHW has been the subject of a number of research reports. Instinet restated 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. Deutsche Bank AG reduced their price target on shares of The Charles Schwab Corporation from $46.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, April 18th. SunTrust Banks, Inc. reduced their price target on shares of The Charles Schwab Corporation from $45.00 to $44.00 and set a “buy” rating for the company in a report on Wednesday, April 19th. Citigroup Inc. reiterated a “buy” rating and set a $43.00 price objective (down from $45.00) on shares of The Charles Schwab Corporation in a report on Saturday, April 22nd. Finally, Jefferies Group LLC lifted their price objective on shares of The Charles Schwab Corporation from $47.00 to $48.00 and gave the company a “buy” rating in a report on Monday, April 24th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $44.00.

In related news, EVP Terri R. Kallsen sold 2,000 shares of the stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $43.07, for a total transaction of $86,140.00. Following the sale, the executive vice president now directly owns 5,212 shares of the company’s stock, valued at approximately $224,480.84. 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 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 three months. 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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