Public Employees Retirement System of Ohio Has $34.68 Million Position in The Charles Schwab Corporation (NYSE:SCHW)

Public Employees Retirement System of Ohio lowered its stake in The Charles Schwab Corporation (NYSE:SCHW) by 0.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 849,670 shares of the financial services provider’s stock after selling 4,152 shares during the period. Public Employees Retirement System of Ohio owned about 0.06% of The Charles Schwab Corporation worth $34,675,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of SCHW. Pinnacle Bank acquired a new position in shares of The Charles Schwab Corporation during the first quarter valued at about $119,000. First Bank & Trust boosted its position 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 worth $128,000 after buying an additional 109 shares during the last quarter. YorkBridge Wealth Partners LLC boosted its stake in 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 in the last quarter. Quadrant Capital Group LLC boosted its stake in 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 in the last quarter. Finally, FTB Advisors Inc. boosted its stake in The Charles Schwab Corporation by 365.8% in the first quarter. FTB Advisors Inc. now owns 3,852 shares of the financial services provider’s stock worth $151,000 after buying an additional 3,025 shares in the last quarter. 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 trading on Friday, hitting $39.51. 6,571,943 shares of the stock traded hands. 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 cap of $52.91 billion, a PE ratio of 26.52 and a beta of 1.63. The company’s 50 day moving average is $42.40 and its 200 day moving average is $40.98.

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

The company 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 dividend of $0.08 per share. 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%.

COPYRIGHT VIOLATION WARNING: “Public Employees Retirement System of Ohio Has $34.68 Million Position in The Charles Schwab Corporation (NYSE:SCHW)” was first published by BNB Daily and is owned by of BNB Daily. If you are accessing this article on another publication, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this article can be read at https://www.baseball-news-blog.com/2017/08/20/public-employees-retirement-system-of-ohio-sells-4152-shares-of-the-charles-schwab-corporation-nyseschw-2-updated-updated-updated.html.

SCHW has been the subject of a number of research reports. Citigroup Inc. reissued 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 note on Saturday, April 22nd. Deutsche Bank AG cut their target price on shares of The Charles Schwab Corporation from $45.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, April 24th. Jefferies Group LLC boosted their target price on shares of The Charles Schwab Corporation from $47.00 to $48.00 and gave the stock a “buy” rating in a research note on Monday, April 24th. Wells Fargo & Company reissued a “market perform” rating and set a $44.00 target price (up previously from $42.00) on shares of The Charles Schwab Corporation in a research note on Monday, June 12th. Finally, BidaskClub upgraded shares of The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $44.00.

In related news, insider Marie A. Chandoha sold 7,002 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $41.96, for a total value of $293,803.92. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Charles R. Schwab sold 26,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was 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. Over the last quarter, insiders have sold 924,122 shares of company stock valued at $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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