Sanctuary Wealth Advisors LLC Continues to Hold Position in The Charles Schwab Corporation (SCHW)

Sanctuary Wealth Advisors LLC maintained its stake 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 (SEC). The institutional investor owned 3,000 shares of the financial services provider’s stock at the end of the second quarter. Sanctuary Wealth Advisors LLC’s holdings in The Charles Schwab Corporation were worth $129,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Boys Arnold & Co. Inc. increased its stake in The Charles Schwab Corporation by 1.1% in the first quarter. Boys Arnold & Co. Inc. now owns 61,132 shares of the financial services provider’s stock worth $2,495,000 after buying an additional 638 shares during the period. Mitchell Sinkler & Starr PA increased its stake in shares of The Charles Schwab Corporation by 0.6% in the first quarter. Mitchell Sinkler & Starr PA now owns 11,960 shares of the financial services provider’s stock worth $488,000 after buying an additional 70 shares during the last quarter. Bank of The West acquired a new stake in shares of The Charles Schwab Corporation during the first quarter worth about $1,975,000. DnB Asset Management AS increased its stake in shares of The Charles Schwab Corporation by 2.6% in the first quarter. DnB Asset Management AS now owns 280,370 shares of the financial services provider’s stock worth $11,442,000 after buying an additional 7,100 shares during the last quarter. Finally, Private Wealth Partners LLC increased its stake in shares of The Charles Schwab Corporation by 8.9% in the first quarter. Private Wealth Partners LLC now owns 69,927 shares of the financial services provider’s stock worth $2,854,000 after buying an additional 5,687 shares during the last quarter. 79.45% of the stock is owned by institutional investors and hedge funds.

Shares of The Charles Schwab Corporation (NYSE SCHW) opened at 40.93 on Wednesday. The stock has a market cap of $54.81 billion, a PE ratio of 27.47 and a beta of 1.63. The Charles Schwab Corporation has a 52 week low of $29.86 and a 52 week high of $44.10. The firm has a 50-day moving average of $42.64 and a 200 day moving average of $41.01.

The Charles Schwab Corporation (NYSE:SCHW) last released its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.39 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.39. The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.13 billion. The Charles Schwab Corporation had a net margin of 26.73% and a return on equity of 15.41%. The firm’s revenue was up 16.5% on a year-over-year basis. During the same quarter last year, the business earned $0.30 earnings per share. On average, equities analysts forecast that The Charles Schwab Corporation will post $1.61 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Shareholders 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 yield of 0.78%. The ex-dividend date of this dividend is Wednesday, August 9th. The Charles Schwab Corporation’s payout ratio is 21.48%.

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A number of equities research analysts have recently issued reports on the stock. Deutsche Bank AG downgraded shares of The Charles Schwab Corporation from a “buy” rating to a “hold” rating and boosted their price objective for the company from $40.00 to $43.00 in a research report on Tuesday, July 11th. Morgan Stanley reissued an “overweight” rating and set a $48.00 price objective (up previously from $45.00) on shares of The Charles Schwab Corporation in a research report on Monday, July 10th. Citigroup Inc. assumed coverage on shares of The Charles Schwab Corporation in a research report on Thursday, July 13th. They set a “neutral” rating and a $46.00 price objective for the company. Rosenblatt Securities assumed coverage on shares of The Charles Schwab Corporation in a research report on Thursday, July 13th. They set a “neutral” rating and a $46.00 price objective for the company. Finally, BidaskClub downgraded shares of The Charles Schwab Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $44.00.

In other The Charles Schwab Corporation news, EVP Terri R. Kallsen sold 10,536 shares of the 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 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 legal filing with the SEC, which is accessible through the SEC website. Also, insider Marie A. Chandoha sold 9,705 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $43.17, for a total transaction of $418,964.85. The disclosure for this sale can be found here. Over the last ninety days, insiders have 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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