B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund Has $1.33 Million Position in The Charles Schwab Corporation (NYSE:SCHW)

B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund decreased its position in The Charles Schwab Corporation (NYSE:SCHW) by 7.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,508 shares of the financial services provider’s stock after selling 2,640 shares during the period. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in The Charles Schwab Corporation were worth $1,327,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of SCHW. Mitchell Sinkler & Starr PA increased its position in 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. Guardian Life Insurance Co. of America boosted its stake in The Charles Schwab Corporation by 1.5% in the first quarter. Guardian Life Insurance Co. of America now owns 4,692 shares of the financial services provider’s stock worth $191,000 after buying an additional 70 shares during the period. First Bank & Trust boosted its stake in 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. Integrated Investment Consultants LLC boosted its stake in 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. Finally, Perkins Coie Trust Co boosted its stake in The Charles Schwab Corporation by 0.3% in the first quarter. Perkins Coie Trust Co now owns 56,430 shares of the financial services provider’s stock worth $2,303,000 after buying an additional 151 shares during the period. 79.45% of the stock is owned by institutional investors and hedge funds.

The Charles Schwab Corporation (SCHW) traded up 1.16% during mid-day trading on Monday, reaching $41.12. The company had a trading volume of 4,165,984 shares. The Charles Schwab Corporation has a 12-month low of $29.23 and a 12-month high of $44.10. The stock has a market capitalization of $55.06 billion, a P/E ratio of 27.60 and a beta of 1.63. The stock has a 50 day moving average price of $42.68 and a 200-day moving average price of $41.04.

The Charles Schwab Corporation (NYSE:SCHW) last released 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 company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.13 billion. The Charles Schwab Corporation had a return on equity of 15.41% and a net margin of 26.73%. The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.30 EPS. Equities analysts anticipate that The Charles Schwab Corporation will post $1.61 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, August 11th will be paid a $0.08 dividend. 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 0.78%. The Charles Schwab Corporation’s dividend payout ratio is currently 21.48%.

TRADEMARK VIOLATION NOTICE: “B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund Has $1.33 Million Position in The Charles Schwab Corporation (NYSE:SCHW)” was originally posted by BNB Daily and is the property of of BNB Daily. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this report can be read at https://www.baseball-news-blog.com/2017/08/14/the-charles-schwab-corporation-nyseschw-shares-sold-by-b-s-pension-fund-trustee-ltd-acting-for-the-british-steel-pension-fund-updated-updated-updated.html.

A number of equities research analysts recently weighed in on the company. Deutsche Bank AG cut The Charles Schwab Corporation from a “buy” rating to a “hold” rating and increased their price target for the company from $40.00 to $43.00 in a research note on Tuesday, July 11th. Morgan Stanley restated an “overweight” rating and issued a $48.00 price target (up previously from $45.00) on shares of The Charles Schwab Corporation in a research note on Monday, July 10th. Citigroup Inc. assumed coverage on The Charles Schwab Corporation in a research note on Thursday, July 13th. They issued a “neutral” rating and a $46.00 price target on the stock. Rosenblatt Securities assumed coverage on The Charles Schwab Corporation in a research note on Thursday, July 13th. They issued a “neutral” rating and a $46.00 price target on the stock. Finally, BidaskClub cut The Charles Schwab Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target 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 dated Wednesday, August 9th. The stock was sold at an average price of $41.96, for a total value of $293,803.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Marie A. Chandoha sold 9,705 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $43.17, for a total value of $418,964.85. The disclosure for this sale can be found here. Insiders sold a total of 924,122 shares of company stock worth $39,694,987 over the last 90 days. Corporate insiders own 12.00% of the company’s stock.

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.

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

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