Birmingham Capital Management Co. Inc. AL Reduces Stake in The Charles Schwab Corporation (SCHW)

Birmingham Capital Management Co. Inc. AL lowered its position in The Charles Schwab Corporation (NYSE:SCHW) by 0.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 42,479 shares of the financial services provider’s stock after selling 200 shares during the period. Birmingham Capital Management Co. Inc. AL’s holdings in The Charles Schwab Corporation were worth $1,825,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in SCHW. WealthTrust Arizona LLC boosted its position in shares of The Charles Schwab Corporation by 1.2% in the second quarter. WealthTrust Arizona LLC now owns 2,466 shares of the financial services provider’s stock worth $106,000 after buying an additional 29 shares during the last quarter. 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 worth $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 worth $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 worth $488,000 after buying an additional 70 shares during the last quarter. Finally, 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 worth $191,000 after buying an additional 70 shares during the last quarter. Institutional investors own 79.41% of the company’s stock.

Shares of The Charles Schwab Corporation (NYSE SCHW) opened at 40.65 on Friday. The Charles Schwab Corporation has a 12-month low of $29.83 and a 12-month high of $44.10. The stock has a market capitalization of $54.44 billion, a P/E ratio of 27.28 and a beta of 1.63. The company has a 50-day moving average of $42.68 and a 200-day moving average of $41.04.

The Charles Schwab Corporation (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.39. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.13 billion. The Charles Schwab Corporation had a net margin of 26.73% and a return on equity of 15.41%. The firm’s revenue was up 16.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.30 earnings per share. Equities analysts expect that The Charles Schwab Corporation will post $1.61 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, August 11th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date is Wednesday, August 9th. The Charles Schwab Corporation’s dividend payout ratio (DPR) is 21.48%.

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A number of equities analysts have issued reports on the stock. 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 set a $43.00 target price (down previously from $46.00) on shares of The Charles Schwab Corporation in a research report on Monday, July 24th. Argus restated a “buy” rating and set a $48.00 target price (up previously from $46.00) on shares of The Charles Schwab Corporation in a research report on Friday, July 21st. Finally, Jefferies Group LLC restated a “buy” rating and set a $48.00 target price on shares of The Charles Schwab Corporation in a research report on Wednesday, May 31st. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $44.00.

In other news, EVP Terri R. Kallsen sold 10,536 shares of the 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 completion of the sale, the executive vice president now directly owns 5,212 shares of the company’s stock, valued at $224,897.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Terri R. Kallsen sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $43.07, for a total transaction of $86,140.00. Following the completion of the sale, the executive vice president now directly owns 5,212 shares of the company’s stock, valued at $224,480.84. The disclosure for this sale can be found here. Insiders sold 924,122 shares of company stock valued at $39,694,987 over the last three months. 12.00% of the stock is owned by insiders.

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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