The Charles Schwab Corporation (SCHW) Stake Boosted by Trust Co. of Vermont

Trust Co. of Vermont boosted its position in The Charles Schwab Corporation (NYSE:SCHW) by 2.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,359 shares of the financial services provider’s stock after buying an additional 573 shares during the period. Trust Co. of Vermont’s holdings in The Charles Schwab Corporation were worth $954,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Brinker Capital Inc. increased its position in The Charles Schwab Corporation by 0.3% in the third quarter. Brinker Capital Inc. now owns 12,590 shares of the financial services provider’s stock worth $397,000 after buying an additional 39 shares in the last quarter. Mitchell Sinkler & Starr PA increased its position in shares of The Charles Schwab Corporation by 0.6% in the first quarter. Mitchell Sinkler & Starr PA now owns 11,960 shares of the financial services provider’s stock worth $488,000 after buying an additional 70 shares during the period. Balentine LLC increased its position in shares of The Charles Schwab Corporation by 1.2% in the third quarter. Balentine LLC now owns 7,400 shares of the financial services provider’s stock worth $234,000 after buying an additional 89 shares during the period. First Bank & Trust increased its position in shares of The Charles Schwab Corporation by 3.6% in the first quarter. First Bank & Trust now owns 3,125 shares of the financial services provider’s stock worth $128,000 after buying an additional 109 shares during the period. Finally, Integrated Investment Consultants LLC increased its position in shares of The Charles Schwab Corporation by 3.0% in the first quarter. Integrated Investment Consultants LLC now owns 4,971 shares of the financial services provider’s stock worth $203,000 after buying an additional 143 shares during the period. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

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

The Charles Schwab Corporation (NYSE:SCHW) traded down 0.47% during mid-day trading on Friday, hitting $41.92. The stock had a trading volume of 8,880,631 shares. The stock has a market cap of $56.05 billion, a price-to-earnings ratio of 29.73 and a beta of 1.63. The Charles Schwab Corporation has a 12 month low of $23.83 and a 12 month high of $43.65. The stock’s 50-day moving average price is $39.87 and its 200-day moving average price is $40.32.

The Charles Schwab Corporation (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, April 18th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.06 billion. The Charles Schwab Corporation had a return on equity of 15.04% and a net margin of 26.18%. The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.29 EPS. On average, analysts predict that The Charles Schwab Corporation will post $1.63 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 26th. Shareholders of record on Friday, May 12th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Wednesday, May 10th. The Charles Schwab Corporation’s payout ratio is 22.86%.

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A number of equities analysts recently weighed in on SCHW shares. SunTrust Banks, Inc. reissued a “buy” rating and issued a $44.00 price target on shares of The Charles Schwab Corporation in a report on Tuesday, February 28th. Bank of America Corporation reaffirmed a “buy” rating and set a $47.00 price objective on shares of The Charles Schwab Corporation in a report on Friday, March 3rd. Deutsche Bank AG dropped their price objective on shares of The Charles Schwab Corporation from $47.00 to $46.00 and set a “buy” rating on the stock in a report on Thursday, April 6th. Keefe, Bruyette & Woods set a $44.00 price target on The Charles Schwab Corporation and gave the company a “buy” rating in a research report on Monday, April 10th. Finally, Nomura reiterated a “buy” rating and set a $46.00 price target on shares of The Charles Schwab Corporation in a research report on Tuesday, April 11th. Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $42.00.

In other The Charles Schwab Corporation news, insider Walter W. Bettinger sold 15,056 shares of the business’s stock in a transaction that occurred on Wednesday, April 19th. The stock was sold at an average price of $38.57, for a total transaction of $580,709.92. Following the transaction, the insider now owns 277,464 shares in the company, valued at approximately $10,701,786.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Charles R. Schwab sold 300,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 26th. The stock was sold at an average price of $40.25, for a total value of $12,075,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 357,824 shares of company stock worth $14,318,351 in the last quarter. 12.00% of the stock is currently owned by insiders.

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.

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