Loeb Partners Corp Has $644,000 Stake in The Charles Schwab Corporation (SCHW)

Loeb Partners Corp held its position in The Charles Schwab Corporation (NYSE:SCHW) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,000 shares of the financial services provider’s stock at the end of the second quarter. Loeb Partners Corp’s holdings in The Charles Schwab Corporation were worth $644,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. raised its position in 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 worth $2,933,263,000 after buying an additional 68,320,480 shares during the period. Findlay Park Partners LLP purchased a new position in The Charles Schwab Corporation during the first quarter worth $218,669,000. FMR LLC raised its position in 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 worth $1,127,886,000 after buying an additional 4,259,181 shares during the period. Vanguard Group Inc. raised its position in 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 during the period. Finally, Waddell & Reed Financial Inc. raised its position in The Charles Schwab Corporation by 69.3% in the first quarter. Waddell & Reed Financial Inc. now owns 6,367,351 shares of the financial services provider’s stock worth $259,851,000 after buying an additional 2,605,949 shares during the period. Hedge funds and other institutional investors own 79.41% of the company’s stock.

The Charles Schwab Corporation (NYSE SCHW) opened at 42.02 on Thursday. The firm has a market cap of $56.22 billion, a P/E ratio of 28.20 and a beta of 1.63. The stock’s 50 day moving average price is $42.76 and its 200 day moving average price is $41.04. The Charles Schwab Corporation has a 1-year low of $29.23 and a 1-year high of $44.10.

The Charles Schwab Corporation (NYSE:SCHW) last announced its earnings results on Tuesday, July 18th. The financial services provider reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. The Charles Schwab Corporation had a return on equity of 15.69% and a net margin of 26.73%. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the prior year, the business posted $0.30 earnings per share. The Charles Schwab Corporation’s revenue was up 16.5% compared to the same quarter last year. Equities research analysts predict that The Charles Schwab Corporation will post $1.61 EPS for the current year.

The business also recently announced 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. This represents a $0.32 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Wednesday, August 9th. The Charles Schwab Corporation’s dividend payout ratio is 21.48%.

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SCHW has been the topic of several research analyst reports. Citigroup Inc. restated a “buy” rating and set a $43.00 target price (down from $45.00) on shares of The Charles Schwab Corporation in a research report on Saturday, April 22nd. Deutsche Bank AG restated a “buy” rating and set a $45.00 target price (up from $44.00) on shares of The Charles Schwab Corporation in a research report on Monday, May 15th. SunTrust Banks, Inc. decreased their target price on shares of The Charles Schwab Corporation from $45.00 to $44.00 and set a “buy” rating on the stock in a research report on Wednesday, April 19th. Instinet restated a “conviction-buy” rating and set a $46.00 target price (up from $44.00) on shares of The Charles Schwab Corporation in a research report on Friday, April 14th. Finally, 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 report on Monday, April 24th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $44.00.

In other news, EVP Joseph R. Martinetto sold 89,330 shares of the company’s stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $42.51, for a total transaction of $3,797,418.30. Following the completion of the sale, the executive vice president now directly owns 207,961 shares of the company’s stock, valued at $8,840,422.11. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Terri R. Kallsen sold 10,536 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $43.15, for a total value of $454,628.40. Following the sale, the executive vice president now directly owns 5,212 shares of the company’s stock, valued at $224,897.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 924,122 shares of company stock valued at $39,694,987. 12.00% of the stock is currently owned by company insiders.

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.

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

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