The Charles Schwab Corporation (NYSE:SCHW) Shares Sold by Round Table Services LLC

Round Table Services LLC reduced its stake in The Charles Schwab Corporation (NYSE:SCHW) by 3.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,724 shares of the financial services provider’s stock after selling 189 shares during the period. Round Table Services LLC’s holdings in The Charles Schwab Corporation were worth $203,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SCHW. Vanguard Group Inc. raised its position in shares of The Charles Schwab Corporation by 4.0% in the first quarter. Vanguard Group Inc. now owns 79,388,639 shares of the financial services provider’s stock worth $3,239,850,000 after buying an additional 3,063,203 shares in the last quarter. BlackRock Inc. increased its stake in shares of The Charles Schwab Corporation by 1,921.5% in the first quarter. BlackRock Inc. now owns 71,876,119 shares of the financial services provider’s stock valued at $2,933,263,000 after buying an additional 68,320,480 shares during the last quarter. FMR LLC increased its stake in shares of The Charles Schwab Corporation by 18.2% in the first quarter. FMR LLC now owns 27,637,472 shares of the financial services provider’s stock valued at $1,127,886,000 after buying an additional 4,259,181 shares during the last quarter. Theleme Partners LLP increased its stake in shares of The Charles Schwab Corporation by 5.6% in the first quarter. Theleme Partners LLP now owns 13,646,900 shares of the financial services provider’s stock valued at $556,930,000 after buying an additional 720,000 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of The Charles Schwab Corporation by 15.9% in the first quarter. Ameriprise Financial Inc. now owns 13,120,429 shares of the financial services provider’s stock valued at $535,281,000 after buying an additional 1,802,922 shares during the last quarter. 79.45% of the stock is currently owned by institutional investors.

Shares of The Charles Schwab Corporation (NYSE:SCHW) traded down 0.40% during mid-day trading on Friday, hitting $39.51. The stock had a trading volume of 6,571,943 shares. The firm’s 50 day moving average price is $42.40 and its 200 day moving average price is $40.98. The company has a market cap of $52.91 billion, a P/E ratio of 26.52 and a beta of 1.63. The Charles Schwab Corporation has a 1-year low of $29.86 and a 1-year high of $44.10.

The Charles Schwab Corporation (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.39. The firm had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.13 billion. The Charles Schwab Corporation had a net margin of 26.73% and a return on equity of 15.41%. The company’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.30 earnings per share. Analysts predict 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. Stockholders of record on Friday, August 11th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.81%. The Charles Schwab Corporation’s dividend payout ratio (DPR) is presently 21.48%.

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A number of analysts have commented on the company. Nomura downgraded The Charles Schwab Corporation from a “buy” rating to a “neutral” rating in a research report on Monday, July 24th. BidaskClub upgraded The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Instinet reiterated a “neutral” rating and issued a $43.00 price objective (down previously from $46.00) on shares of The Charles Schwab Corporation in a research report on Monday, July 24th. Argus restated a “buy” rating and set a $48.00 target price (up previously from $46.00) on shares of The Charles Schwab Corporation in a research report on Friday, July 21st. Finally, Jefferies Group LLC restated a “buy” rating and set a $48.00 target price on shares of The Charles Schwab Corporation in a research report on Wednesday, May 31st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The Charles Schwab Corporation has an average rating of “Buy” and an average target price of $44.00.

In related news, EVP Terri R. Kallsen sold 10,536 shares of the firm’s stock in a transaction 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 directly owns 5,212 shares of the company’s stock, valued at $224,897.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Terri R. Kallsen sold 2,000 shares of the stock in a transaction on Wednesday, August 2nd. The shares were 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 of the company’s stock, valued at approximately $224,480.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 924,122 shares of company stock valued at $39,694,987. Corporate 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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