Hills Bank & Trust Co. Purchases 1,278 Shares of The Charles Schwab Corporation (NYSE:SCHW)

Hills Bank & Trust Co. boosted its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 4.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,982 shares of the financial services provider’s stock after buying an additional 1,278 shares during the period. Hills Bank & Trust Co.’s holdings in The Charles Schwab Corporation were worth $1,374,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in SCHW. Pinnacle Bank bought a new stake in shares of The Charles Schwab Corporation during the first quarter valued at about $119,000. First Bank & Trust raised its stake in shares of The Charles Schwab Corporation by 3.6% in the first quarter. First Bank & Trust now owns 3,125 shares of the financial services provider’s stock valued at $128,000 after buying an additional 109 shares during the period. YorkBridge Wealth Partners LLC raised its stake in shares of The Charles Schwab Corporation by 9.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 3,267 shares of the financial services provider’s stock valued at $131,000 after buying an additional 287 shares during the period. Quadrant Capital Group LLC raised its stake in shares of 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 valued at $133,000 after buying an additional 207 shares during the period. Finally, Leith Wheeler Investment Counsel Ltd. bought a new stake in shares of The Charles Schwab Corporation during the first quarter valued at about $154,000. Institutional investors own 79.45% of the company’s stock.

The Charles Schwab Corporation (NYSE SCHW) traded down 0.40% during midday trading on Friday, hitting $39.51. 6,571,943 shares of the stock were exchanged. The firm has a 50 day moving average of $42.40 and a 200-day moving average of $40.98. The Charles Schwab Corporation has a 12-month low of $29.86 and a 12-month high of $44.10. The stock has a market cap of $52.91 billion, a price-to-earnings ratio of 26.52 and a beta of 1.63.

The Charles Schwab Corporation (NYSE:SCHW) last released its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, hitting 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 analysts’ expectations of $2.13 billion. During the same period last year, the company earned $0.30 EPS. The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. On average, equities analysts expect that The Charles Schwab Corporation will post $1.61 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, August 11th will be issued a dividend of $0.08 per share. The ex-dividend date is Wednesday, August 9th. This represents a $0.32 annualized dividend and a dividend yield of 0.81%. The Charles Schwab Corporation’s payout ratio is currently 21.48%.

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Several analysts have recently issued reports on the stock. BidaskClub lowered shares of The Charles Schwab Corporation from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Citigroup Inc. began coverage on shares of The Charles Schwab Corporation in a research note on Thursday, July 13th. They issued a “neutral” rating and a $46.00 price target on the stock. Rosenblatt Securities began coverage on shares of The Charles Schwab Corporation in a research note on Thursday, July 13th. They issued a “neutral” rating and a $46.00 price target on the stock. Deutsche Bank AG downgraded shares of The Charles Schwab Corporation from a “buy” rating to a “hold” rating and raised their price target for the stock from $40.00 to $43.00 in a research note on Tuesday, July 11th. Finally, Wells Fargo & Company reissued a “market perform” rating and issued a $44.00 price target (up from $42.00) on shares of The Charles Schwab Corporation in a research note on Monday, June 12th. 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 company’s stock. The Charles Schwab Corporation currently has an average rating of “Buy” and a consensus price target of $44.00.

In other news, Chairman Charles R. Schwab sold 26,000 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $42.80, for a total transaction of $1,112,800.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Terri R. Kallsen sold 2,000 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $43.07, for a total transaction of $86,140.00. Following the transaction, the executive vice president now owns 5,212 shares in the company, valued at $224,480.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 924,122 shares of company stock worth $39,694,987. Insiders own 12.00% of the company’s stock.

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.

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

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