Matrix Asset Advisors Inc. NY boosted its stake in shares of The Charles Schwab Corp. (NYSE:SCHW) by 9.8% during the third quarter, Holdings Channel reports. The firm owned 398,167 shares of the company’s stock after buying an additional 35,537 shares during the period. The Charles Schwab Corp. comprises 2.2% of Matrix Asset Advisors Inc. NY’s investment portfolio, making the stock its 18th largest position. Matrix Asset Advisors Inc. NY’s holdings in The Charles Schwab Corp. were worth $12,570,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Atria Investments LLC bought a new position in shares of The Charles Schwab Corp. during the second quarter worth about $355,000. Mutual of Omaha Bank Wealth Management bought a new position in shares of The Charles Schwab Corp. during the second quarter worth about $297,000. Gulf International Bank UK Ltd boosted its position in shares of The Charles Schwab Corp. by 1.0% in the second quarter. Gulf International Bank UK Ltd now owns 349,441 shares of the company’s stock worth $8,844,000 after buying an additional 3,500 shares during the last quarter. Jacobs & Co. CA boosted its position in shares of The Charles Schwab Corp. by 16.0% in the second quarter. Jacobs & Co. CA now owns 104,759 shares of the company’s stock worth $2,651,000 after buying an additional 14,429 shares during the last quarter. Finally, Perkins Coie Trust Co boosted its position in shares of The Charles Schwab Corp. by 3.5% in the second quarter. Perkins Coie Trust Co now owns 54,696 shares of the company’s stock worth $1,383,000 after buying an additional 1,837 shares during the last quarter. Institutional investors own 76.52% of the company’s stock.

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

Shares of The Charles Schwab Corp. (NYSE:SCHW) traded up 0.4683% during mid-day trading on Wednesday, hitting $38.6401. The company’s stock had a trading volume of 5,652,795 shares. The Charles Schwab Corp. has a 1-year low of $21.51 and a 1-year high of $39.35. The stock has a market cap of $51.22 billion, a PE ratio of 31.1614 and a beta of 1.68. The company has a 50-day moving average price of $33.85 and a 200-day moving average price of $30.39.

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

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 28th. Investors of record on Monday, November 14th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend was Wednesday, November 9th. The Charles Schwab Corp.’s dividend payout ratio is currently 22.95%.

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A number of equities analysts recently issued reports on the company. Citigroup Inc. upgraded The Charles Schwab Corp. from a “neutral” rating to a “buy” rating in a report on Tuesday, November 22nd. Jefferies Group lifted their target price on The Charles Schwab Corp. from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, October 11th. Credit Suisse Group AG restated a “buy” rating and issued a $32.00 target price on shares of The Charles Schwab Corp. in a report on Monday, October 10th. Argus restated a “buy” rating and issued a $36.00 target price (up from $34.00) on shares of The Charles Schwab Corp. in a report on Friday, October 21st. Finally, Barclays PLC lifted their target price on The Charles Schwab Corp. from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Thursday, October 13th. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $33.69.

In related news, Director Arun Sarin sold 10,000 shares of the company’s stock in a transaction on Tuesday, November 29th. The shares were sold at an average price of $38.60, for a total value of $386,000.00. Following the completion of the sale, the director now owns 5,493 shares in the company, valued at approximately $212,029.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Walter W. Bettinger sold 612,000 shares of the company’s stock in a transaction on Wednesday, October 19th. The shares were sold at an average price of $32.65, for a total transaction of $19,981,800.00. Following the completion of the sale, the insider now owns 956,459 shares of the company’s stock, valued at approximately $31,228,386.35. The disclosure for this sale can be found here. 12.60% of the stock is currently owned by corporate insiders.

The Charles Schwab Corp. Company Profile

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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