Gulf International Bank UK Ltd Has $15.92 Million Stake in The Charles Schwab Corporation (SCHW)

Gulf International Bank UK Ltd boosted its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 0.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 370,662 shares of the financial services provider’s stock after buying an additional 556 shares during the period. Gulf International Bank UK Ltd’s holdings in The Charles Schwab Corporation were worth $15,923,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Norway Savings Bank boosted its position in shares of The Charles Schwab Corporation by 0.7% in the second quarter. Norway Savings Bank now owns 9,583 shares of the financial services provider’s stock valued at $412,000 after buying an additional 63 shares during the last quarter. Atria Investments LLC boosted its position in shares of The Charles Schwab Corporation by 0.4% in the second quarter. Atria Investments LLC now owns 15,025 shares of the financial services provider’s stock valued at $645,000 after buying an additional 65 shares during the last quarter. Mitchell Sinkler & Starr PA boosted 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 valued at $488,000 after buying an additional 70 shares during the last quarter. Guardian Life Insurance Co. of America boosted its position in shares of 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 valued at $191,000 after buying an additional 70 shares during the last quarter. Finally, Cambridge Trust Co. boosted its position in shares of The Charles Schwab Corporation by 0.5% in the first quarter. Cambridge Trust Co. now owns 15,876 shares of the financial services provider’s stock valued at $648,000 after buying an additional 82 shares during the last quarter. Institutional investors own 79.11% of the company’s stock.

The Charles Schwab Corporation (SCHW) traded up 0.02% during midday trading on Friday, reaching $42.55. 5,195,184 shares of the company’s stock were exchanged. The Charles Schwab Corporation has a 12 month low of $27.71 and a 12 month high of $44.10. The firm has a 50 day moving average of $42.56 and a 200-day moving average of $40.95. The stock has a market cap of $56.93 billion, a PE ratio of 28.56 and a beta of 1.64.

The Charles Schwab Corporation (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.13 billion. The Charles Schwab Corporation had a net margin of 26.73% and a return on equity of 15.69%. The business’s revenue was up 16.5% compared to the same quarter last year. During the same period last year, the firm posted $0.30 earnings per share. On average, equities research analysts predict that The Charles Schwab Corporation will post $1.61 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, August 11th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Wednesday, August 9th. The Charles Schwab Corporation’s dividend payout ratio (DPR) is presently 21.48%.

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Several brokerages have recently commented on SCHW. Nomura cut shares of The Charles Schwab Corporation from a “buy” rating to a “neutral” rating in a research report on Monday, July 24th. BidaskClub upgraded shares of The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Instinet restated a “neutral” rating and issued a $43.00 target price (down from $46.00) on shares of The Charles Schwab Corporation in a research report on Monday, July 24th. Argus restated a “buy” rating and issued a $48.00 target price (up from $46.00) on shares of The Charles Schwab Corporation in a research report on Friday, July 21st. Finally, SunTrust Banks, Inc. dropped their target price on shares of The Charles Schwab Corporation from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Wednesday, April 19th. 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 presently has an average rating of “Buy” and a consensus target price of $44.00.

In other news, EVP Terri R. Kallsen sold 10,536 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $43.15, for a total value of $454,628.40. Following the transaction, the executive vice president now owns 5,212 shares in the company, valued at $224,897.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joseph R. Martinetto sold 115,642 shares of the firm’s stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $42.10, for a total transaction of $4,868,528.20. Following the completion of the transaction, the executive vice president now owns 210,868 shares in the company, valued at approximately $8,877,542.80. The disclosure for this sale can be found here. Insiders have sold 216,208 shares of company stock worth $9,151,381 over the last three months. 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.

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

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