Standard Life Investments LTD lessened its stake in The Charles Schwab Corporation (NYSE:SCHW) by 5.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,189,673 shares of the financial services provider’s stock after selling 402,212 shares during the quarter. Standard Life Investments LTD owned approximately 0.54% of The Charles Schwab Corporation worth $308,904,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of SCHW. Waldron LP raised its stake in The Charles Schwab Corporation by 23.9% during the first quarter. Waldron LP now owns 9,339 shares of the financial services provider’s stock worth $381,000 after acquiring an additional 1,799 shares during the period. ING Groep NV raised its stake in The Charles Schwab Corporation by 137.3% during the first quarter. ING Groep NV now owns 61,990 shares of the financial services provider’s stock worth $2,530,000 after acquiring an additional 35,864 shares during the period. State Treasurer State of Michigan raised its stake in The Charles Schwab Corporation by 1.1% during the first quarter. State Treasurer State of Michigan now owns 399,037 shares of the financial services provider’s stock worth $16,285,000 after acquiring an additional 4,500 shares during the period. Tyers Asset Management LLC raised its stake in The Charles Schwab Corporation by 16.2% during the first quarter. Tyers Asset Management LLC now owns 13,552 shares of the financial services provider’s stock worth $553,000 after acquiring an additional 1,888 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in The Charles Schwab Corporation by 1.1% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,463,862 shares of the financial services provider’s stock worth $141,360,000 after acquiring an additional 39,330 shares during the period. Institutional investors and hedge funds own 79.60% of the company’s stock.

Several equities research analysts recently weighed in on SCHW shares. Jefferies Group LLC reiterated a “buy” rating and set a $48.00 price objective on shares of The Charles Schwab Corporation in a research note on Wednesday, May 31st. Wells Fargo & Company reiterated a “market perform” rating and set a $44.00 price objective (up previously from $42.00) on shares of The Charles Schwab Corporation in a research note on Monday, June 12th. BidaskClub upgraded shares of The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $46.00 price objective on shares of The Charles Schwab Corporation in a research note on Friday, June 16th. Finally, William Blair reiterated an “outperform” rating on shares of The Charles Schwab Corporation in a research note on Friday, June 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $44.72.

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In other The Charles Schwab Corporation news, Chairman Charles R. Schwab sold 350,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $43.10, for a total value of $15,085,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Terri R. Kallsen sold 1,000 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 5,212 shares of the company’s stock, valued at $203,215.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 925,122 shares of company stock valued at $39,733,977. Insiders own 12.00% of the company’s stock.

The Charles Schwab Corporation (NYSE:SCHW) traded down 1.067% on Wednesday, hitting $39.415. 1,855,187 shares of the stock traded hands. The stock has a 50-day moving average price of $40.83 and a 200 day moving average price of $40.83. The stock has a market cap of $52.78 billion, a P/E ratio of 26.453 and a beta of 1.64. The Charles Schwab Corporation has a 12-month low of $29.86 and a 12-month high of $44.10.

The Charles Schwab Corporation (NYSE:SCHW) last announced its earnings results on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share for the quarter, hitting 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 the consensus estimate of $2.13 billion. During the same period in the previous year, the firm posted $0.30 earnings per share. The company’s revenue was up 16.5% on a year-over-year basis. On average, equities analysts expect that The Charles Schwab Corporation will post $1.62 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Friday, August 11th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend 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%.

About The Charles Schwab Corporation

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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