Federated Investors Inc. PA Sells 1,713 Shares of The Charles Schwab Corporation (SCHW)

Federated Investors Inc. PA decreased its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 4.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,273 shares of the financial services provider’s stock after selling 1,713 shares during the period. Federated Investors Inc. PA’s holdings in The Charles Schwab Corporation were worth $1,773,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. WealthTrust Arizona LLC increased its stake in shares of 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 worth $106,000 after purchasing an additional 29 shares in the last quarter. YorkBridge Wealth Partners LLC increased its stake 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 purchasing an additional 287 shares in the last quarter. Shine Investment Advisory Services Inc. purchased a new position in shares of The Charles Schwab Corporation in the second quarter worth about $145,000. FTB Advisors Inc. increased its stake in shares of 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 purchasing an additional 3,025 shares in the last quarter. Finally, Founders Capital Management purchased a new position in shares of The Charles Schwab Corporation in the first quarter worth about $159,000. Hedge funds and other institutional investors own 79.60% of the company’s stock.

The Charles Schwab Corporation (NYSE SCHW) opened at 38.68 on Monday. The stock has a market cap of $51.80 billion, a PE ratio of 25.96 and a beta of 1.64. The Charles Schwab Corporation has a 1-year low of $29.86 and a 1-year high of $44.10. The firm has a 50-day moving average of $40.91 and a 200-day moving average of $40.86.

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, meeting analysts’ consensus estimates of $0.39. The Charles Schwab Corporation had a net margin of 26.73% and a return on equity of 15.41%. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same period last year, the firm posted $0.30 EPS. The company’s revenue was up 16.5% on a year-over-year basis. Analysts expect that The Charles Schwab Corporation will post $1.61 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Friday, August 11th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Wednesday, August 9th. The Charles Schwab Corporation’s dividend payout ratio (DPR) is currently 21.48%.

SCHW has been the subject of several recent research reports. Deutsche Bank AG reiterated a “buy” rating and issued a $45.00 target price (up previously from $44.00) on shares of The Charles Schwab Corporation in a research note on Monday, May 15th. Jefferies Group LLC reaffirmed a “buy” rating and set a $48.00 price objective on shares of The Charles Schwab Corporation in a research note on Wednesday, May 31st. Wells Fargo & Company reaffirmed a “market perform” rating and set a $44.00 price objective (up previously from $42.00) on shares of The Charles Schwab Corporation in a research note on Monday, June 12th. BidaskClub raised shares of The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $46.00 price objective on shares of The Charles Schwab Corporation in a research note on Friday, June 16th. One investment 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. The Charles Schwab Corporation presently has a consensus rating of “Buy” and a consensus target price of $44.72.

In related news, insider Marie A. Chandoha sold 7,002 shares of the firm’s stock in a transaction 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Terri R. Kallsen sold 1,000 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $38.99, for a total transaction of $38,990.00. Following the completion of the transaction, the executive vice president now directly owns 5,212 shares of the company’s stock, valued at $203,215.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 925,122 shares of company stock valued at $39,733,977. Insiders own 12.00% of the company’s stock.

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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.

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

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