Northwest Investment Counselors LLC Lowers Stake in The Charles Schwab Corporation (NYSE:SCHW)

Northwest Investment Counselors LLC decreased its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 0.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,015 shares of the financial services provider’s stock after selling 37 shares during the period. Northwest Investment Counselors LLC’s holdings in The Charles Schwab Corporation were worth $1,075,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of the stock. Gateway Investment Advisers LLC raised its stake in The Charles Schwab Corporation by 8.0% in the second quarter. Gateway Investment Advisers LLC now owns 1,013,473 shares of the financial services provider’s stock valued at $43,539,000 after buying an additional 74,704 shares in the last quarter. Bank of Montreal Can raised its stake in The Charles Schwab Corporation by 46.1% in the second quarter. Bank of Montreal Can now owns 1,644,618 shares of the financial services provider’s stock valued at $70,651,000 after buying an additional 518,840 shares in the last quarter. Fulton Bank N.A. bought a new stake in The Charles Schwab Corporation during the second quarter valued at $262,000. Private Trust Co. NA raised its stake in The Charles Schwab Corporation by 9.2% in the second quarter. Private Trust Co. NA now owns 20,255 shares of the financial services provider’s stock valued at $870,000 after buying an additional 1,713 shares in the last quarter. Finally, Addison Capital Co raised its stake in The Charles Schwab Corporation by 14.0% in the second quarter. Addison Capital Co now owns 12,122 shares of the financial services provider’s stock worth $521,000 after buying an additional 1,492 shares during the last quarter. 79.45% of the stock is owned by hedge funds and other institutional investors.

Shares of The Charles Schwab Corporation (SCHW) opened at 39.51 on Friday. The company’s 50-day moving average price is $42.40 and its 200-day moving average price is $40.98. The Charles Schwab Corporation has a 52-week low of $29.86 and a 52-week high of $44.10. The firm has a market capitalization of $52.91 billion, a P/E ratio of 26.52 and a beta of 1.63.

The Charles Schwab Corporation (NYSE:SCHW) last posted its quarterly 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 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 analyst estimates of $2.13 billion. During the same quarter in the previous year, the firm posted $0.30 earnings per share. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. On average, equities research analysts expect that The Charles Schwab Corporation will post $1.61 EPS for the current fiscal year.

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

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SCHW has been the subject of a number of research analyst reports. Citigroup Inc. restated a “buy” rating and issued a $43.00 target price (down previously from $45.00) on shares of The Charles Schwab Corporation in a report on Saturday, April 22nd. 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. Deutsche Bank AG reduced their target price on The Charles Schwab Corporation from $47.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday, July 4th. Morgan Stanley reiterated an “overweight” rating and set a $48.00 price objective (up from $45.00) on shares of The Charles Schwab Corporation in a report on Monday, July 10th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $46.00 price objective 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 given a buy rating to the stock. The Charles Schwab Corporation currently has an average rating of “Buy” and a consensus price target of $44.00.

In related news, EVP Terri R. Kallsen sold 10,536 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $43.15, for a total transaction of $454,628.40. Following the completion of the transaction, the executive vice president now owns 5,212 shares of the company’s stock, valued at $224,897.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Charles R. Schwab sold 26,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were 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. In the last three months, insiders sold 924,122 shares of company stock worth $39,694,987. Insiders own 12.00% of the company’s stock.

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.

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

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