The Charles Schwab Corporation (NYSE:SCHW) insider Walter W. Bettinger sold 156,100 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $50.05, for a total value of $7,812,805.00. Following the completion of the transaction, the insider now directly owns 433,564 shares of the company’s stock, valued at approximately $21,699,878.20. The sale was disclosed in a filing with the SEC, which is accessible through this link.
The Charles Schwab Corporation (NYSE SCHW) opened at $51.55 on Tuesday. The Charles Schwab Corporation has a 52-week low of $37.16 and a 52-week high of $51.89. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.30 and a current ratio of 0.31. The firm has a market capitalization of $66,358.52, a P/E ratio of 31.73, a P/E/G ratio of 2.11 and a beta of 1.74.
The Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.01. The Charles Schwab had a return on equity of 15.77% and a net margin of 27.30%. The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same quarter last year, the company earned $0.35 EPS. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. equities analysts forecast that The Charles Schwab Corporation will post 1.62 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 24th. Investors of record on Friday, November 10th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date was Thursday, November 9th. The Charles Schwab’s dividend payout ratio (DPR) is presently 20.51%.
A number of hedge funds have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC purchased a new stake in The Charles Schwab during the 3rd quarter valued at $805,000. Public Employees Retirement System of Ohio boosted its stake in The Charles Schwab by 0.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 872,015 shares of the financial services provider’s stock valued at $38,142,000 after purchasing an additional 3,059 shares during the last quarter. Davis Selected Advisers boosted its stake in The Charles Schwab by 1.0% during the 3rd quarter. Davis Selected Advisers now owns 827,632 shares of the financial services provider’s stock valued at $36,201,000 after purchasing an additional 8,320 shares during the last quarter. Gofen & Glossberg LLC IL boosted its stake in The Charles Schwab by 2.5% during the 3rd quarter. Gofen & Glossberg LLC IL now owns 180,063 shares of the financial services provider’s stock valued at $7,876,000 after purchasing an additional 4,351 shares during the last quarter. Finally, ICICI Prudential Asset Management Co Ltd purchased a new stake in The Charles Schwab during the 3rd quarter valued at $367,000. 79.84% of the stock is owned by institutional investors.
Several research analysts have recently issued reports on SCHW shares. BidaskClub lowered The Charles Schwab from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Barclays started coverage on The Charles Schwab in a research report on Friday, September 8th. They issued an “overweight” rating and a $48.00 target price for the company. Jefferies Group reissued a “buy” rating and issued a $49.00 target price on shares of The Charles Schwab in a research report on Friday, September 15th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $47.00 target price on shares of The Charles Schwab in a research report on Friday, September 15th. Finally, Morgan Stanley increased their target price on The Charles Schwab from $51.00 to $53.00 and gave the stock an “overweight” rating in a research report on Thursday, October 5th. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The Charles Schwab currently has a consensus rating of “Buy” and a consensus target price of $47.56.
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About The Charles Schwab
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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