Granite Investment Partners LLC raised its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 4.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 311,973 shares of the financial services provider’s stock after acquiring an additional 12,712 shares during the period. Granite Investment Partners LLC’s holdings in The Charles Schwab Corporation were worth $13,646,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. WealthTrust Arizona LLC grew its holdings in shares of The Charles Schwab Corporation by 1.2% during the second quarter. WealthTrust Arizona LLC now owns 2,466 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 29 shares during the last quarter. Shine Investment Advisory Services Inc. bought a new stake in shares of The Charles Schwab Corporation during the second quarter worth about $145,000. Fiduciary Trust Co. bought a new stake in shares of The Charles Schwab Corporation during the second quarter worth about $163,000. Founders Capital Management grew its holdings in shares of The Charles Schwab Corporation by 7.7% during the second quarter. Founders Capital Management now owns 4,200 shares of the financial services provider’s stock worth $180,000 after purchasing an additional 300 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC grew its holdings in shares of The Charles Schwab Corporation by 4.7% during the second quarter. Paradigm Asset Management Co. LLC now owns 4,450 shares of the financial services provider’s stock worth $191,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 79.93% of the company’s stock.

In other news, insider Marie A. Chandoha sold 6,018 shares of the company’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $44.06, for a total transaction of $265,153.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Terri R. Kallsen sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $38.99, for a total value of $38,990.00. Following the transaction, the executive vice president now directly owns 5,212 shares in the company, valued at $203,215.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 923,095 shares of company stock worth $41,179,740. Insiders own 12.00% of the company’s stock.

Several analysts have recently weighed in on SCHW shares. Morgan Stanley restated an “overweight” rating and set a $51.00 price target (up from $48.00) on shares of The Charles Schwab Corporation in a report on Tuesday, July 25th. Barclays PLC started coverage on The Charles Schwab Corporation in a report on Friday, September 8th. They set an “overweight” rating and a $48.00 price target on the stock. Nomura cut The Charles Schwab Corporation from a “buy” rating to a “neutral” rating in a report on Monday, July 24th. Keefe, Bruyette & Woods restated a “buy” rating and set a $47.00 price target on shares of The Charles Schwab Corporation in a report on Friday, September 15th. Finally, BidaskClub cut The Charles Schwab Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, September 8th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $47.07.

Shares of The Charles Schwab Corporation (NYSE:SCHW) traded up $0.04 on Monday, reaching $44.68. The company’s stock had a trading volume of 4,272,400 shares, compared to its average volume of 7,058,793. The Charles Schwab Corporation has a 12-month low of $37.00 and a 12-month high of $46.21. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.30 and a current ratio of 0.31. The firm has a market capitalization of $60,050.00, a price-to-earnings ratio of 28.64, a PEG ratio of 1.90 and a beta of 1.74.

The Charles Schwab Corporation (NYSE:SCHW) last issued its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 analyst estimates of $2.18 billion. During the same period in the previous year, the firm earned $0.35 earnings per share. The company’s revenue was up 13.1% compared to the same quarter last year. equities research analysts expect that The Charles Schwab Corporation will post 1.62 EPS for the current fiscal year.

The firm 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 $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Thursday, November 9th. The Charles Schwab Corporation’s dividend payout ratio (DPR) is presently 20.51%.

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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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