Charles R. Schwab Sells 350,000 Shares of The Charles Schwab Corporation (SCHW) Stock

The Charles Schwab Corporation (NYSE:SCHW) Chairman Charles R. Schwab sold 350,000 shares of The Charles Schwab Corporation stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $44.65, for a total value of $15,627,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

The Charles Schwab Corporation (SCHW) opened at $44.68 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.31 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $59,780.00, a P/E ratio of 28.58, a price-to-earnings-growth ratio of 1.89 and a beta of 1.74. The Charles Schwab Corporation has a 1 year low of $37.00 and a 1 year high of $46.21.

The Charles Schwab Corporation (NYSE:SCHW) last issued its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.01. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.18 billion. The Charles Schwab Corporation had a return on equity of 15.77% and a net margin of 27.30%. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.35 EPS. equities analysts anticipate that The Charles Schwab Corporation will post 1.62 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Friday, November 10th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Thursday, November 9th. The Charles Schwab Corporation’s dividend payout ratio is currently 20.51%.

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A number of equities research analysts have commented on SCHW shares. BidaskClub upgraded The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Keefe, Bruyette & Woods restated a “buy” rating and set a $47.00 price objective on shares of The Charles Schwab Corporation in a research report on Friday, September 15th. Jefferies Group LLC restated a “buy” rating and set a $49.00 price objective on shares of The Charles Schwab Corporation in a research report on Friday, September 15th. Argus restated a “buy” rating and set a $48.00 price objective (up from $46.00) on shares of The Charles Schwab Corporation in a research report on Friday, July 21st. Finally, Deutsche Bank AG raised their price objective on The Charles Schwab Corporation from $46.00 to $47.00 and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $47.07.

Hedge funds and other institutional investors have recently modified their holdings of the business. WealthTrust Arizona LLC increased its position in The Charles Schwab Corporation by 1.2% in the 2nd 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 period. Shine Investment Advisory Services Inc. bought a new position in The Charles Schwab Corporation in the 2nd quarter worth approximately $145,000. Fiduciary Trust Co. bought a new position in The Charles Schwab Corporation in the 2nd quarter worth approximately $163,000. Zions Bancorporation increased its position in shares of The Charles Schwab Corporation by 1,545.3% during the third quarter. Zions Bancorporation now owns 3,817 shares of the financial services provider’s stock valued at $167,000 after purchasing an additional 3,585 shares during the period. Finally, Quadrant Capital Group LLC increased its position in shares of The Charles Schwab Corporation by 31.4% during the second quarter. Quadrant Capital Group LLC now owns 4,531 shares of the financial services provider’s stock valued at $168,000 after purchasing an additional 1,082 shares during the period. 79.41% of the stock is currently owned by institutional investors.

The Charles Schwab Corporation Company 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.

Insider Buying and Selling by Quarter for The Charles Schwab Corporation (NYSE:SCHW)

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