The Charles Schwab Corporation (SCHW) Shares Sold by Dai Ichi Life Insurance Company Ltd

Dai Ichi Life Insurance Company Ltd lowered its stake in The Charles Schwab Corporation (NYSE:SCHW) by 40.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 145,455 shares of the financial services provider’s stock after selling 97,944 shares during the period. Dai Ichi Life Insurance Company Ltd’s holdings in The Charles Schwab Corporation were worth $6,249,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of SCHW. BlackRock Inc. increased its holdings in shares of 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 valued at $2,933,263,000 after buying an additional 68,320,480 shares in the last quarter. Findlay Park Partners LLP bought a new position in shares of The Charles Schwab Corporation in the first quarter valued at $218,669,000. FMR LLC increased its holdings in shares of 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 valued at $1,127,886,000 after buying an additional 4,259,181 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of 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 valued at $3,239,850,000 after buying an additional 3,063,203 shares in the last quarter. Finally, Waddell & Reed Financial Inc. increased its holdings in shares of 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 valued at $259,851,000 after buying an additional 2,605,949 shares in the last quarter. 79.60% of the stock is currently owned by institutional investors.

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In other news, EVP Terri R. Kallsen sold 1,000 shares of The Charles Schwab Corporation stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $38.99, for a total value of $38,990.00. Following the completion of the transaction, the executive vice president now owns 5,212 shares of the company’s stock, valued at approximately $203,215.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Charles R. Schwab sold 26,000 shares of The Charles Schwab Corporation stock in a transaction dated Monday, July 31st. The shares were 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. In the last three months, insiders sold 925,122 shares of company stock valued at $39,733,977. Insiders own 12.00% of the company’s stock.

Shares of The Charles Schwab Corporation (NYSE SCHW) traded up 1.65% during midday trading on Monday, reaching $39.32. 873,666 shares of the company were exchanged. The stock has a 50-day moving average price of $40.87 and a 200 day moving average price of $40.85. The company has a market capitalization of $52.65 billion, a P/E ratio of 26.39 and a beta of 1.64. The Charles Schwab Corporation has a 52-week low of $29.86 and a 52-week high of $44.10.

The Charles Schwab Corporation (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.39 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 company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter last year, the firm posted $0.30 EPS. The company’s quarterly revenue was up 16.5% on a year-over-year basis. Equities research analysts expect that The Charles Schwab Corporation will post $1.62 EPS for the current fiscal year.

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

Several analysts have issued reports on SCHW shares. Jefferies Group LLC reissued a “buy” rating and set a $48.00 target price on shares of The Charles Schwab Corporation in a research note on Wednesday, May 31st. Deutsche Bank AG reissued a “buy” rating and set a $45.00 target price (up from $44.00) on shares of The Charles Schwab Corporation in a research note on Monday, May 15th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $46.00 target price on shares of The Charles Schwab Corporation in a research note on Friday, June 16th. 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, Argus reissued a “buy” rating and set a $48.00 target price (up from $46.00) on shares of The Charles Schwab Corporation in a research note on Friday, July 21st. One analyst has rated the stock with a sell rating, seven have issued 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.

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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