Keybank National Association OH Sells 10,513 Shares of The Charles Schwab Corporation (SCHW)

Keybank National Association OH cut its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 19.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,740 shares of the financial services provider’s stock after selling 10,513 shares during the period. Keybank National Association OH’s holdings in The Charles Schwab Corporation were worth $1,957,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. WealthTrust Arizona LLC grew its stake 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 valued at $106,000 after acquiring an additional 29 shares in the last quarter. Lowe Brockenbrough & Co. Inc. grew its stake in shares of The Charles Schwab Corporation by 0.9% during the second quarter. Lowe Brockenbrough & Co. Inc. now owns 6,770 shares of the financial services provider’s stock valued at $291,000 after acquiring an additional 62 shares in the last quarter. Norway Savings Bank grew its stake in shares of The Charles Schwab Corporation by 0.7% during the second quarter. Norway Savings Bank now owns 9,583 shares of the financial services provider’s stock valued at $412,000 after acquiring an additional 63 shares in the last quarter. Atria Investments LLC grew its stake in shares of The Charles Schwab Corporation by 0.4% during the second quarter. Atria Investments LLC now owns 15,025 shares of the financial services provider’s stock valued at $645,000 after acquiring an additional 65 shares in the last quarter. Finally, Summit Asset Management LLC grew its stake in shares of The Charles Schwab Corporation by 0.6% during the second quarter. Summit Asset Management LLC now owns 12,158 shares of the financial services provider’s stock valued at $522,000 after acquiring an additional 70 shares in the last quarter. Institutional investors own 79.56% of the company’s stock.

In other The Charles Schwab Corporation news, EVP Terri R. Kallsen sold 815 shares of The Charles Schwab Corporation stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $43.97, for a total value of $35,835.55. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Marie A. Chandoha sold 6,018 shares of The Charles Schwab Corporation 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 disclosure for this sale can be found here. Insiders have sold 373,095 shares of company stock worth $16,694,240 in the last quarter. Company insiders own 12.00% of the company’s stock.

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Several analysts have recently weighed in on the company. BidaskClub downgraded The Charles Schwab Corporation from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Barclays PLC raised their target price on The Charles Schwab Corporation from $48.00 to $51.00 and gave the company an “overweight” rating in a research note on Tuesday, October 10th. Morgan Stanley raised their target price on The Charles Schwab Corporation from $51.00 to $53.00 and gave the company an “overweight” rating in a research note on Thursday, October 5th. Argus restated a “buy” rating and set a $48.00 target price (up from $46.00) on shares of The Charles Schwab Corporation in a research note on Friday, July 21st. Finally, Deutsche Bank AG raised their target price on The Charles Schwab Corporation from $46.00 to $47.00 and gave the company a “hold” rating in a research note on Wednesday, October 25th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $47.07.

Shares of The Charles Schwab Corporation (SCHW) opened at $44.27 on Friday. The firm has a market capitalization of $58,985.35, a P/E ratio of 28.20, a PEG ratio of 1.87 and a beta of 1.74. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.21. The Charles Schwab Corporation has a twelve month low of $34.85 and a twelve month high of $46.21.

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

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

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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