IFC Holdings Incorporated FL Has $416,000 Holdings in The Charles Schwab Corporation (SCHW)

IFC Holdings Incorporated FL trimmed its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 26.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,476 shares of the financial services provider’s stock after selling 3,462 shares during the period. IFC Holdings Incorporated FL’s holdings in The Charles Schwab Corporation were worth $416,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. WealthTrust Arizona LLC boosted its stake in The Charles Schwab Corporation by 1.2% during the 2nd quarter. WealthTrust Arizona LLC now owns 2,466 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 29 shares during the period. Shine Investment Advisory Services Inc. acquired a new stake in shares of The Charles Schwab Corporation in the 2nd quarter worth approximately $145,000. Fiduciary Trust Co. acquired a new stake in shares of The Charles Schwab Corporation in the 2nd quarter worth approximately $163,000. Quadrant Capital Group LLC lifted its stake in shares of The Charles Schwab Corporation by 31.4% in the 2nd quarter. Quadrant Capital Group LLC now owns 4,531 shares of the financial services provider’s stock worth $168,000 after acquiring an additional 1,082 shares during the period. Finally, Founders Capital Management lifted its stake in shares of The Charles Schwab Corporation by 7.7% in the 2nd quarter. Founders Capital Management now owns 4,200 shares of the financial services provider’s stock worth $180,000 after acquiring an additional 300 shares during the period. 79.49% of the stock is owned by hedge funds and other institutional investors.

In other news, Chairman Charles R. Schwab sold 290,000 shares of The Charles Schwab Corporation stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $43.27, for a total value of $12,548,300.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Terri R. Kallsen sold 1,000 shares of The Charles Schwab Corporation stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $38.99, for a total transaction of $38,990.00. Following the completion of the sale, the executive vice president now owns 5,212 shares in the company, valued at $203,215.88. The disclosure for this sale can be found here. Insiders have sold a total of 688,093 shares of company stock worth $30,304,079 over the last 90 days. Corporate insiders own 12.00% of the company’s stock.

SCHW has been the subject of a number of research analyst reports. Deutsche Bank AG reduced their price target on shares of The Charles Schwab Corporation from $47.00 to $46.00 and set a “buy” rating for the company in a research note on Tuesday, July 4th. Morgan Stanley reaffirmed an “overweight” rating and issued a $48.00 price target (up from $45.00) on shares of The Charles Schwab Corporation in a research note on Monday, July 10th. Citigroup Inc. initiated coverage on shares of The Charles Schwab Corporation in a research note on Thursday, July 13th. They issued a “neutral” rating and a $46.00 price target for the company. Rosenblatt Securities initiated coverage on shares of The Charles Schwab Corporation in a research note on Thursday, July 13th. They issued a “neutral” rating and a $46.00 price target for the company. Finally, BidaskClub lowered shares of The Charles Schwab Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $47.07.

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The Charles Schwab Corporation (NYSE:SCHW) opened at 44.84 on Wednesday. The Charles Schwab Corporation has a 1-year low of $30.66 and a 1-year high of $46.21. The firm has a 50-day moving average of $43.53 and a 200 day moving average of $41.48. The firm has a market cap of $60.04 billion, a price-to-earnings ratio of 28.56 and a beta of 1.68.

The Charles Schwab Corporation (NYSE:SCHW) last announced its earnings results on Wednesday, October 18th. The financial services provider reported $0.42 EPS for the quarter, topping the consensus estimate of $0.41 by $0.01. The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.18 billion. The Charles Schwab Corporation had a net margin of 27.30% and a return on equity of 16.07%. The business’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period last year, the company posted $0.35 EPS. Analysts expect that The Charles Schwab Corporation will post $1.62 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Friday, November 10th will be issued a dividend of $0.08 per share. The ex-dividend date is Thursday, November 9th. This represents a $0.32 annualized dividend and a yield of 0.71%. The Charles Schwab Corporation’s dividend payout ratio (DPR) is currently 20.51%.

The Charles Schwab Corporation Profile

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.

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Institutional Ownership by Quarter for The Charles Schwab Corporation (NYSE:SCHW)

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