Today, The Charles Schwab Corp. (SCHW) Position Decreased by Pillar Pacific Capital Management LLC

Today, The Charles Schwab Corp. (SCHW) Position Decreased by Pillar Pacific Capital Management LLC

Pillar Pacific Capital Management LLC cut its stake in shares of The Charles Schwab Corp. (NYSE:SCHW) by 4.0% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 15,336 shares of the company’s stock after selling 647 shares during the period. Pillar Pacific Capital Management LLC’s holdings in The Charles Schwab Corp. were worth $484,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rathbone Brothers plc boosted its stake in shares of The Charles Schwab Corp. by 0.4% in the second quarter. Rathbone Brothers plc now owns 15,823 shares of the company’s stock worth $400,000 after buying an additional 68 shares during the last quarter. Mitchell Sinkler & Starr PA boosted its stake in shares of The Charles Schwab Corp. by 0.9% in the third quarter. Mitchell Sinkler & Starr PA now owns 11,120 shares of the company’s stock worth $351,000 after buying an additional 100 shares during the last quarter. LS Investment Advisors LLC boosted its stake in shares of The Charles Schwab Corp. by 0.4% in the second quarter. LS Investment Advisors LLC now owns 24,097 shares of the company’s stock worth $610,000 after buying an additional 107 shares during the last quarter. Checchi Capital Advisers LLC boosted its stake in shares of The Charles Schwab Corp. by 1.7% in the second quarter. Checchi Capital Advisers LLC now owns 8,857 shares of the company’s stock worth $224,000 after buying an additional 146 shares during the last quarter. Finally, Gradient Investments LLC boosted its stake in shares of The Charles Schwab Corp. by 1.8% in the third quarter. Gradient Investments LLC now owns 11,219 shares of the company’s stock worth $354,000 after buying an additional 198 shares during the last quarter. Institutional investors and hedge funds own 75.08% of the company’s stock.

The Charles Schwab Corp. (NYSE:SCHW) traded down 0.31% on Friday, reaching $38.99. 3,413,939 shares of the company were exchanged. The stock has a 50 day moving average of $33.47 and a 200 day moving average of $30.19. The Charles Schwab Corp. has a 12-month low of $21.51 and a 12-month high of $39.22. The firm has a market capitalization of $51.69 billion, a PE ratio of 31.44 and a beta of 1.68.

The Charles Schwab Corp. (NYSE:SCHW) last released its quarterly earnings results on Monday, October 17th. The company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.02. The company earned $1.91 billion during the quarter, compared to analysts’ expectations of $1.89 billion. The Charles Schwab Corp. had a net margin of 24.77% and a return on equity of 13.64%. The business’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.27 earnings per share. Equities analysts anticipate that The Charles Schwab Corp. will post $1.29 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 28th. Stockholders of record on Monday, November 14th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Wednesday, November 9th. The Charles Schwab Corp.’s dividend payout ratio (DPR) is presently 22.95%.

A number of equities analysts recently commented on the stock. Barclays PLC raised their price objective on shares of The Charles Schwab Corp. from $29.00 to $34.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 9th. Deutsche Bank AG raised their price objective on shares of The Charles Schwab Corp. from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, September 9th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of The Charles Schwab Corp. in a research note on Monday, October 24th. Wells Fargo & Co. reaffirmed a “market perform” rating on shares of The Charles Schwab Corp. in a research note on Tuesday, October 18th. Finally, Zacks Investment Research raised shares of The Charles Schwab Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 16th. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $33.69.

In other news, EVP Nigel J. Murtagh sold 13,000 shares of the business’s stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $38.82, for a total value of $504,660.00. Following the sale, the executive vice president now owns 47,863 shares of the company’s stock, valued at $1,858,041.66. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Marie A. Chandoha sold 6,076 shares of the business’s stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $32.00, for a total transaction of $194,432.00. The disclosure for this sale can be found here. 12.60% of the stock is currently owned by insiders.

About The Charles Schwab Corp.

The Charles Schwab Corporation 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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