The Charles Schwab Corporation (SCHW) Shares Bought by Nicholas Company Inc.

Nicholas Company Inc. increased its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 0.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,389,200 shares of the financial services provider’s stock after buying an additional 3,045 shares during the quarter. The Charles Schwab Corporation comprises 2.3% of Nicholas Company Inc.’s portfolio, making the stock its 3rd largest holding. Nicholas Company Inc. owned about 0.18% of The Charles Schwab Corporation worth $102,640,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. WealthTrust Arizona LLC grew its holdings in The Charles Schwab Corporation by 1.2% in the 2nd quarter. WealthTrust Arizona LLC now owns 2,466 shares of the financial services provider’s stock worth $106,000 after buying an additional 29 shares in the last quarter. Lowe Brockenbrough & Co. Inc. grew its holdings in The Charles Schwab Corporation by 0.9% in the 2nd quarter. Lowe Brockenbrough & Co. Inc. now owns 6,770 shares of the financial services provider’s stock worth $291,000 after buying an additional 62 shares in the last quarter. Norway Savings Bank grew its holdings in The Charles Schwab Corporation by 0.7% in the 2nd quarter. Norway Savings Bank now owns 9,583 shares of the financial services provider’s stock worth $412,000 after buying an additional 63 shares in the last quarter. Atria Investments LLC grew its holdings in The Charles Schwab Corporation by 0.4% in the 2nd quarter. Atria Investments LLC now owns 15,025 shares of the financial services provider’s stock worth $645,000 after buying an additional 65 shares in the last quarter. Finally, Guardian Life Insurance Co. of America grew its holdings in The Charles Schwab Corporation by 1.5% in the 1st quarter. Guardian Life Insurance Co. of America now owns 4,692 shares of the financial services provider’s stock worth $191,000 after buying an additional 70 shares in the last quarter. 79.60% of the stock is owned by institutional investors and hedge funds.

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A number of equities analysts have issued reports on the company. BidaskClub lowered The Charles Schwab Corporation from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Citigroup Inc. assumed coverage on The Charles Schwab Corporation in a research note on Thursday, July 13th. They set a “neutral” rating and a $46.00 price target for the company. Rosenblatt Securities assumed coverage on The Charles Schwab Corporation in a research note on Thursday, July 13th. They set a “neutral” rating and a $46.00 price target for the company. Barclays PLC assumed coverage on The Charles Schwab Corporation in a research note on Friday, September 8th. They set an “overweight” rating and a $48.00 price target for the company. Finally, Deutsche Bank AG lowered The Charles Schwab Corporation from a “buy” rating to a “hold” rating and increased their price target for the company from $40.00 to $43.00 in a research note on Tuesday, July 11th. One research 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’s stock. The company presently has a consensus rating of “Buy” and an average target price of $44.72.

Shares of The Charles Schwab Corporation (SCHW) traded down 0.38% during midday trading on Friday, hitting $39.84. The stock had a trading volume of 4,312,226 shares. The Charles Schwab Corporation has a 52 week low of $29.86 and a 52 week high of $44.10. The stock has a market cap of $53.35 billion, a PE ratio of 26.74 and a beta of 1.64. The stock has a 50-day moving average of $40.60 and a 200 day moving average of $40.81.

The Charles Schwab Corporation (NYSE:SCHW) last released its 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 Charles Schwab Corporation had a net margin of 26.73% and a return on equity of 15.41%. The firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the previous year, the business earned $0.30 EPS. The business’s quarterly revenue was up 16.5% compared to the same quarter last year. Analysts anticipate that The Charles Schwab Corporation will post $1.61 EPS for the current fiscal year.

The firm also recently announced 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 0.80%. The ex-dividend date of this dividend was Wednesday, August 9th. The Charles Schwab Corporation’s dividend payout ratio is presently 21.48%.

In other news, EVP Terri R. Kallsen sold 10,536 shares of the business’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 completion of the transaction, the executive vice president now owns 5,212 shares of the company’s stock, valued at approximately $224,897.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Charles R. Schwab sold 26,000 shares of the business’s stock in a transaction on 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. Insiders sold a total of 925,122 shares of company stock valued at $39,733,977 in the last three months. 12.00% of the stock is 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.

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

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