The Charles Schwab Corporation (NYSE:SCHW) Position Increased by Artemis Investment Management LLP

Artemis Investment Management LLP increased its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 13.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 272,741 shares of the financial services provider’s stock after acquiring an additional 31,583 shares during the period. Artemis Investment Management LLP’s holdings in The Charles Schwab Corporation were worth $11,718,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SCHW. WealthTrust Arizona LLC boosted its position in shares of 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 acquiring an additional 29 shares in the last quarter. First Bank & Trust boosted its position in shares of The Charles Schwab Corporation by 3.6% during the 1st quarter. First Bank & Trust now owns 3,125 shares of the financial services provider’s stock worth $128,000 after acquiring an additional 109 shares in the last quarter. YorkBridge Wealth Partners LLC boosted its position in shares of The Charles Schwab Corporation by 9.6% during the 1st 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. acquired a new stake in shares of The Charles Schwab Corporation during the 2nd quarter worth approximately $145,000. Finally, FTB Advisors Inc. boosted its position in shares of The Charles Schwab Corporation by 365.8% during the 1st 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. Institutional investors and hedge funds own 79.60% of the company’s stock.

In other The Charles Schwab Corporation news, Chairman Charles R. Schwab sold 290,000 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $43.27, for a total value of $12,548,300.00. The sale 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 10,536 shares of the company’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $43.15, for a total transaction 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 $224,897.80. The disclosure for this sale can be found here. Insiders have sold a total of 925,122 shares of company stock valued at $39,733,977 over the last quarter. 12.00% of the stock is currently owned by company insiders.

Several equities analysts recently commented on the stock. Deutsche Bank AG downgraded shares of The Charles Schwab Corporation from a “buy” rating to a “hold” rating and increased their price objective for the company from $40.00 to $43.00 in a research note on Tuesday, July 11th. Morgan Stanley reissued an “overweight” rating and issued a $48.00 price objective (up previously from $45.00) on shares of The Charles Schwab Corporation in a research note on Monday, July 10th. Rosenblatt Securities assumed coverage on shares of The Charles Schwab Corporation in a research note on Thursday, July 13th. They issued a “neutral” rating and a $46.00 price objective for the company. Citigroup Inc. assumed coverage on shares of The Charles Schwab Corporation in a research note on Thursday, July 13th. They issued a “neutral” rating and a $46.00 price objective for the company. Finally, BidaskClub downgraded shares of The Charles Schwab Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. One research 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. The company presently has an average rating of “Buy” and a consensus price target of $44.83.

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Shares of The Charles Schwab Corporation (NYSE SCHW) opened at 40.21 on Friday. The Charles Schwab Corporation has a 52-week low of $29.86 and a 52-week high of $44.10. The stock’s 50 day moving average is $40.53 and its 200 day moving average is $40.80. The firm has a market capitalization of $53.85 billion, a PE ratio of 26.99 and a beta of 1.64.

The Charles Schwab Corporation (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.39 EPS for the quarter, meeting the Zacks’ 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 company had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same period in the prior year, the business posted $0.30 EPS. The firm’s revenue was up 16.5% compared to the same quarter last year. On average, equities research analysts forecast that The Charles Schwab Corporation will post $1.61 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Friday, August 11th were issued a dividend of $0.08 per share. The ex-dividend date was Wednesday, August 9th. This represents a $0.32 dividend on an annualized basis and a yield of 0.80%. The Charles Schwab Corporation’s dividend payout ratio is currently 21.48%.

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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