Charles Schwab Co. Common Stock (SCHW) Shares Sold by First Republic Investment Management Inc.

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First Republic Investment Management Inc. lowered its stake in Charles Schwab Co. Common Stock (NYSE:SCHW) by 0.6% in the second quarter, Holdings Channel reports. The institutional investor owned 443,727 shares of the financial services provider’s stock after selling 2,576 shares during the period. First Republic Investment Management Inc.’s holdings in Charles Schwab Co. Common Stock were worth $22,675,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Massey Quick Simon & CO. LLC increased its stake in shares of Charles Schwab Co. Common Stock by 118.6% in the first quarter. Massey Quick Simon & CO. LLC now owns 2,088 shares of the financial services provider’s stock worth $109,000 after acquiring an additional 1,133 shares during the period. Acropolis Investment Management LLC acquired a new stake in shares of Charles Schwab Co. Common Stock in the second quarter worth $115,000. Well Done LLC acquired a new stake in shares of Charles Schwab Co. Common Stock in the first quarter worth $118,000. Kaizen Advisory LLC increased its stake in shares of Charles Schwab Co. Common Stock by 157.6% in the second quarter. Kaizen Advisory LLC now owns 2,980 shares of the financial services provider’s stock worth $152,000 after acquiring an additional 1,823 shares during the period. Finally, Sun Life Financial INC increased its stake in shares of Charles Schwab Co. Common Stock by 1,041.8% in the second quarter. Sun Life Financial INC now owns 3,254 shares of the financial services provider’s stock worth $166,000 after acquiring an additional 2,969 shares during the period. 80.28% of the stock is owned by institutional investors and hedge funds.

SCHW stock opened at $50.16 on Friday. The firm has a market cap of $66.89 billion, a P/E ratio of 24.63, a PEG ratio of 1.24 and a beta of 1.53. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.33. Charles Schwab Co. Common Stock has a one year low of $38.15 and a one year high of $60.22.

Charles Schwab Co. Common Stock (NYSE:SCHW) last released its quarterly earnings results on Tuesday, July 17th. The financial services provider reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.02. The company had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.46 billion. Charles Schwab Co. Common Stock had a net margin of 30.83% and a return on equity of 17.96%. The firm’s revenue was up 16.7% on a year-over-year basis. During the same quarter last year, the business earned $0.39 earnings per share. research analysts predict that Charles Schwab Co. Common Stock will post 2.43 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 24th. Investors of record on Friday, August 10th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.04%. The ex-dividend date was Thursday, August 9th. This is a positive change from Charles Schwab Co. Common Stock’s previous quarterly dividend of $0.10. Charles Schwab Co. Common Stock’s dividend payout ratio (DPR) is currently 31.71%.

SCHW has been the topic of a number of research reports. Citigroup cut their price objective on shares of Charles Schwab Co. Common Stock from $49.00 to $48.00 and set a “sell” rating on the stock in a research note on Monday, July 23rd. Wells Fargo & Co increased their price objective on shares of Charles Schwab Co. Common Stock from $54.00 to $56.00 and gave the stock a “$54.22” rating in a research note on Wednesday, July 18th. Zacks Investment Research upgraded shares of Charles Schwab Co. Common Stock from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a research note on Tuesday, June 26th. Morgan Stanley increased their price objective on shares of Charles Schwab Co. Common Stock from $63.00 to $65.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 25th. Finally, Compass Point initiated coverage on shares of Charles Schwab Co. Common Stock in a research note on Tuesday, June 5th. They issued a “neutral” rating and a $60.00 price objective on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $57.80.

In other Charles Schwab Co. Common Stock news, EVP Jonathan M. Craig sold 2,629 shares of the stock in a transaction on Friday, June 15th. The shares were sold at an average price of $56.03, for a total transaction of $147,302.87. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Christopher V. Dodds sold 15,718 shares of the stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $51.14, for a total transaction of $803,818.52. Following the transaction, the director now directly owns 7,592 shares in the company, valued at $388,254.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 208,847 shares of company stock worth $10,999,996. 11.50% of the stock is owned by company insiders.

About Charles Schwab Co. Common Stock

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.

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

Institutional Ownership by Quarter for Charles Schwab Co. Common Stock (NYSE:SCHW)

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