Mizuho Securities USA LLC Invests $6.29 Million in The Charles Schwab Corporation (NYSE:SCHW)

Mizuho Securities USA LLC purchased a new stake in The Charles Schwab Corporation (NYSE:SCHW) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 146,500 shares of the financial services provider’s stock, valued at approximately $6,294,000. The Charles Schwab Corporation accounts for 0.3% of Mizuho Securities USA LLC’s portfolio, making the stock its 19th largest position.

A number of other institutional investors also recently bought and sold shares of the company. Teachers Advisors LLC boosted its stake in The Charles Schwab Corporation by 9.1% in the fourth quarter. Teachers Advisors LLC now owns 1,806,057 shares of the financial services provider’s stock valued at $71,285,000 after buying an additional 151,173 shares during the period. Toth Financial Advisory Corp boosted its stake in The Charles Schwab Corporation by 4.9% in the first quarter. Toth Financial Advisory Corp now owns 18,105 shares of the financial services provider’s stock valued at $739,000 after buying an additional 850 shares during the period. Park National Corp OH acquired a new stake in The Charles Schwab Corporation during the first quarter valued at $624,000. Integrated Investment Consultants LLC boosted its position in The Charles Schwab Corporation by 3.0% in the first quarter. Integrated Investment Consultants LLC now owns 4,971 shares of the financial services provider’s stock worth $203,000 after buying an additional 143 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. boosted its position in The Charles Schwab Corporation by 2.8% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 1,580,745 shares of the financial services provider’s stock worth $64,510,000 after buying an additional 43,248 shares during the last quarter. Institutional investors and hedge funds own 79.45% of the company’s stock.

Shares of The Charles Schwab Corporation (SCHW) opened at 39.51 on Friday. The company has a 50 day moving average price of $42.40 and a 200-day moving average price of $40.98. The stock has a market capitalization of $52.91 billion, a P/E ratio of 26.52 and a beta of 1.63. The Charles Schwab Corporation has a 52-week low of $29.86 and a 52-week high of $44.10.

The Charles Schwab Corporation (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.39. The Charles Schwab Corporation had a return on equity of 15.41% and a net margin of 26.73%. The company had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same period in the previous year, the firm posted $0.30 EPS. The Charles Schwab Corporation’s revenue was up 16.5% compared to the same quarter last year. On average, analysts predict that The Charles Schwab Corporation will post $1.61 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, August 11th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Wednesday, August 9th. The Charles Schwab Corporation’s payout ratio is 21.48%.

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A number of brokerages have issued reports on SCHW. Jefferies Group LLC reiterated a “buy” rating and set a $48.00 price objective on shares of The Charles Schwab Corporation in a research note on Wednesday, May 31st. BidaskClub upgraded The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Morgan Stanley reissued an “overweight” rating and issued a $48.00 target price (up previously from $45.00) on shares of The Charles Schwab Corporation in a report on Monday, July 10th. Wells Fargo & Company reissued a “market perform” rating and issued a $44.00 target price (up previously from $42.00) on shares of The Charles Schwab Corporation in a report on Monday, June 12th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $45.00 target price (up previously from $44.00) on shares of The Charles Schwab Corporation in a report on Monday, May 15th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $44.00.

In related news, EVP Terri R. Kallsen sold 10,536 shares of The Charles Schwab Corporation stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $43.15, for a total value of $454,628.40. Following the sale, the executive vice president now directly owns 5,212 shares in the company, valued at approximately $224,897.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Charles R. Schwab sold 350,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $43.10, for a total transaction of $15,085,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 924,122 shares of company stock worth $39,694,987. 12.00% of the stock is currently 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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