Rhumbline Advisers Boosts Holdings in The Charles Schwab Corporation (SCHW)

Rhumbline Advisers boosted its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,000,721 shares of the financial services provider’s stock after buying an additional 18,554 shares during the period. Rhumbline Advisers owned 0.15% of The Charles Schwab Corporation worth $87,512,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. WealthTrust Arizona LLC increased its stake in The Charles Schwab Corporation by 1.2% during 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. increased its stake in The Charles Schwab Corporation by 0.9% during 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 increased its stake in The Charles Schwab Corporation by 0.7% during 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 increased its stake in The Charles Schwab Corporation by 0.4% during 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, Summit Asset Management LLC increased its stake in The Charles Schwab Corporation by 0.6% during the 2nd quarter. Summit Asset Management LLC now owns 12,158 shares of the financial services provider’s stock worth $522,000 after buying an additional 70 shares in the last quarter. Institutional investors own 79.41% of the company’s stock.

In other The Charles Schwab Corporation news, Chairman Charles R. Schwab sold 200,000 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $44.29, for a total transaction of $8,858,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Terri R. Kallsen sold 4,267 shares of the company’s stock in a transaction on Friday, October 6th. The stock was sold at an average price of $46.02, for a total value of $196,367.34. The disclosure for this sale can be found here. Insiders have sold 573,095 shares of company stock worth $25,552,240 over the last 90 days. 12.00% of the stock is owned by insiders.

The Charles Schwab Corporation (NYSE:SCHW) traded up $0.33 on Tuesday, reaching $44.60. The company had a trading volume of 4,225,800 shares, compared to its average volume of 7,102,346. The Charles Schwab Corporation has a 12-month low of $36.04 and a 12-month high of $46.21. The firm has a market capitalization of $59,347.30, a PE ratio of 28.38, a PEG ratio of 1.88 and a beta of 1.74. The company has a quick ratio of 0.30, a current ratio of 0.31 and a debt-to-equity ratio of 0.21.

The Charles Schwab Corporation (NYSE:SCHW) last released its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. The Charles Schwab Corporation had a return on equity of 15.77% and a net margin of 27.30%. The firm had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same period in the prior year, the firm posted $0.35 earnings per share. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. equities analysts predict that The Charles Schwab Corporation will post 1.62 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Friday, November 10th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Thursday, November 9th. The Charles Schwab Corporation’s dividend payout ratio (DPR) is 20.51%.

Several research firms have commented on SCHW. Barclays PLC boosted their price objective on The Charles Schwab Corporation from $48.00 to $51.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 10th. Instinet restated a “neutral” rating and issued a $43.00 price target (down from $46.00) on shares of The Charles Schwab Corporation in a research report on Monday, July 24th. Argus restated a “buy” rating and issued a $48.00 price target (up from $46.00) on shares of The Charles Schwab Corporation in a research report on Friday, July 21st. Keefe, Bruyette & Woods restated a “buy” rating and issued a $47.00 price target on shares of The Charles Schwab Corporation in a research report on Friday, September 15th. Finally, Deutsche Bank AG upped their price target on The Charles Schwab Corporation from $46.00 to $47.00 and gave the company a “hold” rating in a research report on Wednesday, October 25th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The Charles Schwab Corporation presently has an average rating of “Buy” and an average price target of $47.07.

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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.

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

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