Williams Jones & Associates LLC raised its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 0.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 260,490 shares of the financial services provider’s stock after purchasing an additional 688 shares during the period. Williams Jones & Associates LLC’s holdings in The Charles Schwab Corporation were worth $11,191,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. WealthTrust Arizona LLC grew its holdings in The Charles Schwab Corporation by 1.2% during the 2nd quarter. WealthTrust Arizona LLC now owns 2,466 shares of the financial services provider’s stock worth $106,000 after acquiring an additional 29 shares in the last quarter. Lowe Brockenbrough & Co. Inc. grew its stake in The Charles Schwab Corporation by 0.9% in the second quarter. Lowe Brockenbrough & Co. Inc. now owns 6,770 shares of the financial services provider’s stock valued at $291,000 after purchasing an additional 62 shares during the last quarter. Norway Savings Bank grew its stake in The Charles Schwab Corporation by 0.7% in the second quarter. Norway Savings Bank now owns 9,583 shares of the financial services provider’s stock valued at $412,000 after purchasing an additional 63 shares during the last quarter. Atria Investments LLC grew its stake in The Charles Schwab Corporation by 0.4% in the second quarter. Atria Investments LLC now owns 15,025 shares of the financial services provider’s stock valued at $645,000 after purchasing an additional 65 shares during the last quarter. Finally, Guardian Life Insurance Co. of America grew its stake in The Charles Schwab Corporation by 1.5% in the first quarter. Guardian Life Insurance Co. of America now owns 4,692 shares of the financial services provider’s stock valued at $191,000 after purchasing an additional 70 shares during the last quarter. 79.53% of the stock is owned by institutional investors and hedge funds.

In other news, insider Marie A. Chandoha sold 6,018 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $44.06, for a total transaction of $265,153.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Terri R. Kallsen sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $38.99, for a total value of $38,990.00. Following the transaction, the executive vice president now owns 5,212 shares of the company’s stock, valued at $203,215.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 995,348 shares of company stock valued at $42,831,733. 12.00% of the stock is owned by insiders.

SCHW has been the topic of a number of recent analyst reports. BidaskClub downgraded The Charles Schwab Corporation from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Citigroup Inc. started coverage on The Charles Schwab Corporation in a report on Thursday, July 13th. They issued a “neutral” rating and a $46.00 price objective on the stock. Rosenblatt Securities began coverage on shares of The Charles Schwab Corporation in a report on Thursday, July 13th. They issued a “neutral” rating and a $46.00 price target on the stock. Deutsche Bank AG lowered shares of The Charles Schwab Corporation from a “buy” rating to a “hold” rating and increased their price objective for the stock from $40.00 to $43.00 in a research note on Tuesday, July 11th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and set a $44.00 price target (up from $42.00) on shares of The Charles Schwab Corporation in a research report on Monday, June 12th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $45.47.

Shares of The Charles Schwab Corporation (SCHW) traded up 0.53% during mid-day trading on Monday, hitting $43.97. 1,966,895 shares of the stock traded hands. The firm’s 50 day moving average price is $40.42 and its 200-day moving average price is $40.76. The stock has a market cap of $58.88 billion, a P/E ratio of 29.51 and a beta of 1.68. The Charles Schwab Corporation has a 12-month low of $30.66 and a 12-month high of $44.35.

The Charles Schwab Corporation (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.39. The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.13 billion. The Charles Schwab Corporation had a net margin of 26.73% and a return on equity of 15.41%. The Charles Schwab Corporation’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period last year, the firm posted $0.30 EPS. Analysts predict that The Charles Schwab Corporation will post $1.61 earnings per share for the current year.

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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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