Public Employees Retirement Association of Colorado Has $81.99 Million Stake in The Charles Schwab Corporation (SCHW)

Public Employees Retirement Association of Colorado reduced its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,908,573 shares of the financial services provider’s stock after selling 2,045 shares during the period. Public Employees Retirement Association of Colorado owned approximately 0.14% of The Charles Schwab Corporation worth $81,992,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. WealthTrust Arizona LLC raised its stake in The Charles Schwab Corporation by 1.2% in the second quarter. WealthTrust Arizona LLC now owns 2,466 shares of the financial services provider’s stock valued at $106,000 after buying an additional 29 shares in the last quarter. Pinnacle Bank bought a new stake in The Charles Schwab Corporation during the first quarter valued at approximately $119,000. First Bank & Trust raised its stake in 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 in the last quarter. YorkBridge Wealth Partners LLC raised its position 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 worth $131,000 after buying an additional 287 shares during the period. Finally, Quadrant Capital Group LLC raised its position 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 worth $133,000 after buying an additional 207 shares during the period. Institutional investors and hedge funds own 79.45% of the company’s stock.

Shares of The Charles Schwab Corporation (NYSE:SCHW) traded down 0.40% during mid-day trading on Friday, hitting $39.51. The company’s stock had a trading volume of 6,571,943 shares. The stock has a 50-day moving average of $42.40 and a 200-day moving average of $40.98. The company has a market cap of $52.91 billion, a PE ratio of 26.52 and a beta of 1.63. The Charles Schwab Corporation has a 12-month low of $29.86 and a 12-month high of $44.10.

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 for the quarter, hitting the Zacks’ consensus estimate of $0.39. The Charles Schwab Corporation had a return on equity of 15.41% and a net margin of 26.73%. The company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same period in the previous year, the firm posted $0.30 earnings per share. The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. On average, equities research analysts forecast that The Charles Schwab Corporation will post $1.61 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, August 11th will be issued 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 21.48%.

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SCHW has been the topic of a number of recent analyst reports. Citigroup Inc. reiterated a “buy” rating and set a $43.00 target price (down previously from $45.00) on shares of The Charles Schwab Corporation in a research report on Saturday, April 22nd. Deutsche Bank AG reiterated a “buy” rating and set a $45.00 target price (up previously from $44.00) on shares of The Charles Schwab Corporation in a research report on Monday, May 15th. Jefferies Group LLC increased their target price on The Charles Schwab Corporation from $47.00 to $48.00 and gave the company a “buy” rating in a research report on Monday, April 24th. Morgan Stanley reiterated an “overweight” rating and set a $51.00 target price (up previously from $48.00) on shares of The Charles Schwab Corporation in a research report on Tuesday, July 25th. Finally, Nomura lowered The Charles Schwab Corporation from a “buy” rating to a “neutral” rating in a research report on Monday, July 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company’s stock. The Charles Schwab Corporation currently has a consensus rating of “Buy” and a consensus price target of $44.00.

In related news, insider Marie A. Chandoha sold 7,002 shares of the company’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $41.96, for a total value of $293,803.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Charles R. Schwab sold 350,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $43.10, for a total value of $15,085,000.00. 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. 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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