Insider Selling: The Charles Schwab Corporation (SCHW) EVP Sells $100,190.10 in Stock

The Charles Schwab Corporation (NYSE:SCHW) EVP Terri R. Kallsen sold 1,982 shares of the stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $50.55, for a total transaction of $100,190.10. Following the transaction, the executive vice president now directly owns 1,706 shares in the company, valued at $86,238.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

The Charles Schwab Corporation (NYSE SCHW) traded up $0.31 during trading on Friday, reaching $51.39. 5,490,623 shares of the company traded hands, compared to its average volume of 6,139,449. The Charles Schwab Corporation has a 52-week low of $37.16 and a 52-week high of $51.89. The firm has a market capitalization of $68,476.63, a PE ratio of 32.74, a P/E/G ratio of 2.17 and a beta of 1.74. The company has a current ratio of 0.31, a quick ratio of 0.30 and a debt-to-equity ratio of 0.21.

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

The company 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 annualized dividend and a yield of 0.62%. The ex-dividend date was Thursday, November 9th. The Charles Schwab’s payout ratio is currently 20.51%.

A number of institutional investors have recently added to or reduced their stakes in the stock. Lowe Brockenbrough & Co. Inc. increased its position in The Charles Schwab by 0.9% during the second quarter. Lowe Brockenbrough & Co. Inc. now owns 6,770 shares of the financial services provider’s stock worth $291,000 after purchasing an additional 62 shares during the last quarter. Summit Asset Management LLC increased its position in The Charles Schwab by 0.6% during the second quarter. Summit Asset Management LLC now owns 12,158 shares of the financial services provider’s stock worth $522,000 after purchasing an additional 70 shares during the last quarter. Ballentine Partners LLC increased its position in shares of The Charles Schwab by 0.7% during the second quarter. Ballentine Partners LLC now owns 12,689 shares of the financial services provider’s stock valued at $544,000 after acquiring an additional 93 shares during the last quarter. Ironwood Investment Management LLC increased its position in shares of The Charles Schwab by 1.3% during the second quarter. Ironwood Investment Management LLC now owns 8,122 shares of the financial services provider’s stock valued at $349,000 after acquiring an additional 103 shares during the last quarter. Finally, Raymond James Trust N.A. increased its position in shares of The Charles Schwab by 1.7% during the second quarter. Raymond James Trust N.A. now owns 8,618 shares of the financial services provider’s stock valued at $371,000 after acquiring an additional 144 shares during the last quarter. Hedge funds and other institutional investors own 79.84% of the company’s stock.

A number of equities research analysts have recently commented on SCHW shares. BidaskClub upgraded shares of The Charles Schwab from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $47.00 target price on shares of The Charles Schwab in a research report on Friday, September 15th. Jefferies Group reiterated a “buy” rating and issued a $49.00 target price on shares of The Charles Schwab in a research report on Friday, September 15th. Deutsche Bank increased their target price on shares of The Charles Schwab from $46.00 to $47.00 and gave the company a “hold” rating in a research report on Wednesday, October 25th. Finally, Credit Suisse Group started coverage on shares of The Charles Schwab in a research report on Thursday, November 30th. They issued an “outperform” rating and a $55.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target 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.

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

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