East Coast Asset Management LLC. Has $15.69 Million Position in Charles Schwab Co. Common Stock (SCHW)

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East Coast Asset Management LLC. lessened its stake in Charles Schwab Co. Common Stock (NYSE:SCHW) by 1.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 306,949 shares of the financial services provider’s stock after selling 3,721 shares during the period. Charles Schwab Co. Common Stock accounts for about 4.3% of East Coast Asset Management LLC.’s portfolio, making the stock its 10th largest position. East Coast Asset Management LLC.’s holdings in Charles Schwab Co. Common Stock were worth $15,685,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of SCHW. IFG Advisory LLC grew its holdings in Charles Schwab Co. Common Stock by 11.3% during the 2nd quarter. IFG Advisory LLC now owns 10,087 shares of the financial services provider’s stock worth $515,000 after acquiring an additional 1,026 shares in the last quarter. Gibraltar Capital Management Inc. grew its holdings in Charles Schwab Co. Common Stock by 0.9% during the 2nd quarter. Gibraltar Capital Management Inc. now owns 113,017 shares of the financial services provider’s stock worth $5,775,000 after acquiring an additional 1,057 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management grew its holdings in Charles Schwab Co. Common Stock by 11.0% during the 2nd quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 10,806 shares of the financial services provider’s stock worth $552,000 after acquiring an additional 1,068 shares in the last quarter. Bbva Compass Bancshares Inc. grew its holdings in Charles Schwab Co. Common Stock by 8.1% during the 2nd quarter. Bbva Compass Bancshares Inc. now owns 14,972 shares of the financial services provider’s stock worth $765,000 after acquiring an additional 1,121 shares in the last quarter. Finally, CapWealth Advisors LLC grew its holdings in Charles Schwab Co. Common Stock by 4.3% during the 2nd quarter. CapWealth Advisors LLC now owns 27,970 shares of the financial services provider’s stock worth $1,429,000 after acquiring an additional 1,161 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors.

SCHW has been the topic of a number of recent analyst reports. Citigroup lowered their price target on shares of Charles Schwab Co. Common Stock from $49.00 to $48.00 and set a “sell” rating on the stock in a report on Monday, July 23rd. Wells Fargo & Co raised their price target on shares of Charles Schwab Co. Common Stock from $54.00 to $56.00 and gave the company a “$54.22” rating in a report 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 target on the stock in a report on Tuesday, June 26th. Morgan Stanley raised their price target on shares of Charles Schwab Co. Common Stock from $63.00 to $65.00 and gave the company an “overweight” rating in a report on Wednesday, July 25th. Finally, Compass Point initiated coverage on shares of Charles Schwab Co. Common Stock in a report on Tuesday, June 5th. They issued a “neutral” rating and a $60.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. Charles Schwab Co. Common Stock presently has an average rating of “Hold” and an average price target of $58.57.

NYSE:SCHW opened at $51.16 on Friday. Charles Schwab Co. Common Stock has a fifty-two week low of $38.20 and a fifty-two week high of $60.22. The stock has a market capitalization of $68.51 billion, a PE ratio of 31.20, a PEG ratio of 1.27 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 (NYSE:SCHW) last released its earnings results on Tuesday, July 17th. The financial services provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. The company had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.46 billion. Charles Schwab Co. Common Stock had a net margin of 30.83% and a return on equity of 17.96%. Charles Schwab Co. Common Stock’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same period last year, the business earned $0.39 EPS. equities research analysts forecast that Charles Schwab Co. Common Stock will post 2.43 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, August 24th. Investors of record on Friday, August 10th were paid a $0.13 dividend. The ex-dividend date of this dividend was Thursday, August 9th. This is a boost from Charles Schwab Co. Common Stock’s previous quarterly dividend of $0.10. This represents a $0.52 dividend on an annualized basis and a yield of 1.02%. Charles Schwab Co. Common Stock’s dividend payout ratio (DPR) is 31.71%.

In related news, Chairman Charles R. Schwab sold 190,500 shares of Charles Schwab Co. Common Stock stock in a transaction that occurred on Tuesday, July 24th. The shares were sold at an average price of $52.75, for a total value of $10,048,875.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christopher V. Dodds sold 15,718 shares of Charles Schwab Co. Common Stock stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $51.14, for a total transaction of $803,818.52. Following the completion of the sale, the director now owns 7,592 shares of the company’s stock, valued at $388,254.88. The disclosure for this sale can be found here. 11.50% of the stock is owned by company insiders.

Charles Schwab Co. Common Stock Company Profile

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

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