The Charles Schwab Corporation (NYSE:SCHW) Position Maintained by Moody National Bank Trust Division

Moody National Bank Trust Division continued to hold its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) during the second quarter, Holdings Channel reports. The fund owned 33,860 shares of the financial services provider’s stock at the end of the second quarter. Moody National Bank Trust Division’s holdings in The Charles Schwab Corporation were worth $1,455,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SCHW. First Manhattan Co. increased its stake in shares of The Charles Schwab Corporation by 395.9% in the first quarter. First Manhattan Co. now owns 1,252,265 shares of the financial services provider’s stock worth $39,534,000 after buying an additional 999,750 shares during the period. 1ST Source Bank increased its stake in shares of The Charles Schwab Corporation by 65.7% in the first quarter. 1ST Source Bank now owns 52,583 shares of the financial services provider’s stock worth $2,146,000 after buying an additional 20,847 shares during the period. Bank of Montreal Can increased its stake in shares of The Charles Schwab Corporation by 25.4% in the first quarter. Bank of Montreal Can now owns 1,125,778 shares of the financial services provider’s stock worth $45,943,000 after buying an additional 227,859 shares during the period. Reilly Financial Advisors LLC increased its stake in shares of The Charles Schwab Corporation by 10.0% in the first quarter. Reilly Financial Advisors LLC now owns 4,571 shares of the financial services provider’s stock worth $187,000 after buying an additional 415 shares during the period. Finally, First Mercantile Trust Co. increased its stake in shares of The Charles Schwab Corporation by 10.5% in the first quarter. First Mercantile Trust Co. now owns 78,728 shares of the financial services provider’s stock worth $3,213,000 after buying an additional 7,496 shares during the period. Hedge funds and other institutional investors own 79.41% of the company’s stock.

The Charles Schwab Corporation (NYSE SCHW) opened at 40.61 on Friday. The Charles Schwab Corporation has a 52 week low of $29.23 and a 52 week high of $44.10. The stock has a market capitalization of $54.38 billion, a PE ratio of 27.26 and a beta of 1.63. The firm has a 50-day moving average price of $42.71 and a 200-day moving average price of $41.04.

The Charles Schwab Corporation (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.39. The Charles Schwab Corporation had a return on equity of 15.41% and a net margin of 26.73%. The business had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the prior year, the business posted $0.30 earnings per share. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. Equities research analysts predict that The Charles Schwab Corporation will post $1.61 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, August 11th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $0.32 dividend on an annualized basis and a yield of 0.79%. The Charles Schwab Corporation’s dividend payout ratio (DPR) is presently 21.48%.

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SCHW has been the subject of a number of research analyst reports. Citigroup Inc. reiterated a “buy” rating and set a $43.00 price target (down previously from $45.00) on shares of The Charles Schwab Corporation in a research report on Saturday, April 22nd. Deutsche Bank AG decreased their price objective on The Charles Schwab Corporation from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, April 24th. Wells Fargo & Company reissued a “market perform” rating and set a $44.00 price objective (up from $42.00) on shares of The Charles Schwab Corporation in a report on Monday, June 12th. Morgan Stanley reissued an “overweight” rating and set a $48.00 price objective (up from $45.00) on shares of The Charles Schwab Corporation in a report on Monday, July 10th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $46.00 price objective on shares of The Charles Schwab Corporation in a report on Friday, June 16th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $44.00.

In other The Charles Schwab Corporation news, insider Marie A. Chandoha sold 7,002 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $41.96, for a total transaction of $293,803.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Terri R. Kallsen sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $43.07, for a total value of $86,140.00. Following the sale, the executive vice president now owns 5,212 shares in the company, valued at $224,480.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 924,122 shares of company stock worth $39,694,987. Company insiders own 12.00% of the company’s stock.

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.

Want to see what other hedge funds are holding SCHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Charles Schwab Corporation (NYSE:SCHW).

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

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