Vanguard Group Inc. grew its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 3.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 81,925,586 shares of the financial services provider’s stock after buying an additional 2,536,947 shares during the period. Vanguard Group Inc. owned approximately 6.12% of The Charles Schwab Corporation worth $3,519,523,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Principal Financial Group Inc. grew its stake in shares of The Charles Schwab Corporation by 17.3% in the 2nd quarter. Principal Financial Group Inc. now owns 3,100,144 shares of the financial services provider’s stock worth $133,182,000 after buying an additional 457,591 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of The Charles Schwab Corporation by 19.4% in the 2nd quarter. American Century Companies Inc. now owns 4,139,650 shares of the financial services provider’s stock worth $177,839,000 after acquiring an additional 673,011 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of The Charles Schwab Corporation by 1.6% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,417,577 shares of the financial services provider’s stock worth $103,859,000 after acquiring an additional 38,306 shares during the last quarter. Bank of Nova Scotia lifted its holdings in shares of The Charles Schwab Corporation by 932.5% in the 1st quarter. Bank of Nova Scotia now owns 278,070 shares of the financial services provider’s stock worth $11,348,000 after acquiring an additional 251,139 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of The Charles Schwab Corporation by 1.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 39,576,199 shares of the financial services provider’s stock worth $1,700,193,000 after acquiring an additional 491,451 shares during the last quarter. 79.53% of the stock is owned by institutional investors and hedge funds.

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Several equities research analysts have recently issued reports on SCHW shares. Jefferies Group LLC restated a “buy” rating and issued a $48.00 target price on shares of The Charles Schwab Corporation in a report on Wednesday, May 31st. Wells Fargo & Company restated a “market perform” rating and issued a $44.00 target price (up previously from $42.00) on shares of The Charles Schwab Corporation in a report on Monday, June 12th. BidaskClub upgraded shares of The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $46.00 target price on shares of The Charles Schwab Corporation in a report on Friday, June 16th. Finally, William Blair restated an “outperform” rating on shares of The Charles Schwab Corporation in a report on Friday, June 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $44.83.

In other news, Chairman Charles R. Schwab sold 350,000 shares of the 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Charles R. Schwab sold 26,000 shares of the 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 925,122 shares of company stock worth $39,733,977 in the last three months. Corporate insiders own 12.00% of the company’s stock.

The Charles Schwab Corporation (NYSE:SCHW) traded up 0.26% on Thursday, reaching $41.72. 1,026,544 shares of the company’s stock were exchanged. The stock has a market cap of $55.87 billion, a price-to-earnings ratio of 28.00 and a beta of 1.64. The firm has a 50 day moving average of $40.42 and a 200-day moving average of $40.76. The Charles Schwab Corporation has a one year low of $29.86 and a one year high of $44.10.

The Charles Schwab Corporation (NYSE:SCHW) last posted its earnings results on Tuesday, July 18th. The financial services provider reported $0.39 EPS for the quarter, meeting the Zacks’ 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 analysts’ expectations of $2.13 billion. During the same quarter in the prior year, the company posted $0.30 earnings per share. The Charles Schwab Corporation’s revenue for the quarter was up 16.5% compared to the same quarter last year. Equities research analysts forecast that The Charles Schwab Corporation will post $1.61 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 25th. Stockholders 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 annualized dividend and a dividend yield of 0.77%. The Charles Schwab Corporation’s dividend payout ratio is presently 21.48%.

The Charles Schwab Corporation 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 Corporation (NYSE:SCHW)

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