The Charles Schwab Corporation (SCHW) Holdings Raised by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. raised its position in The Charles Schwab Corporation (NYSE:SCHW) by 646.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 260,395 shares of the financial services provider’s stock after purchasing an additional 225,517 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in The Charles Schwab Corporation were worth $11,187,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. WealthTrust Arizona LLC increased its stake in 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 valued at $106,000 after purchasing an additional 29 shares in the last quarter. YorkBridge Wealth Partners LLC increased its position in shares of The Charles Schwab Corporation by 9.6% during the first quarter. YorkBridge Wealth Partners LLC now owns 3,267 shares of the financial services provider’s stock worth $131,000 after acquiring an additional 287 shares in the last quarter. Shine Investment Advisory Services Inc. bought a new stake in shares of The Charles Schwab Corporation during the second quarter worth $145,000. Fiduciary Trust Co. bought a new stake in shares of The Charles Schwab Corporation during the second quarter worth $163,000. Finally, FTB Advisors Inc. increased its position in shares of The Charles Schwab Corporation by 365.8% during the first quarter. FTB Advisors Inc. now owns 3,852 shares of the financial services provider’s stock worth $151,000 after acquiring an additional 3,025 shares in the last quarter. 79.60% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently issued reports on SCHW shares. Jefferies Group LLC reissued a “buy” rating and set a $48.00 price objective on shares of The Charles Schwab Corporation in a research report on Wednesday, May 31st. Deutsche Bank AG reissued a “buy” rating and set a $45.00 price objective (up previously from $44.00) on shares of The Charles Schwab Corporation in a research report on Monday, May 15th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $46.00 price objective on shares of The Charles Schwab Corporation in a research report on Friday, June 16th. BidaskClub raised shares of The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Finally, Argus reissued a “buy” rating and set a $48.00 price objective (up previously from $46.00) on shares of The Charles Schwab Corporation in a research report on Friday, July 21st. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $44.72.

In other news, Chairman Charles R. Schwab sold 26,000 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $42.80, for a total value of $1,112,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Terri R. Kallsen sold 1,000 shares of the company’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $38.99, for a total transaction of $38,990.00. Following the completion of the sale, the executive vice president now owns 5,212 shares of the company’s stock, valued at approximately $203,215.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 925,122 shares of company stock valued at $39,733,977. Company insiders own 12.00% of the company’s stock.

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Shares of The Charles Schwab Corporation (SCHW) traded up 1.50% during mid-day trading on Friday, reaching $38.68. 6,466,377 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $40.91 and its 200 day moving average price is $40.86. The company 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 52-week low of $29.86 and a 52-week high of $44.10.

The Charles Schwab Corporation (NYSE:SCHW) last posted its earnings results on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate 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 prior year, the business posted $0.30 EPS. The business’s revenue was up 16.5% compared to the same quarter last year. On average, equities research analysts predict that The Charles Schwab Corporation will post $1.61 EPS for the current year.

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

The Charles Schwab Corporation 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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