Traders sold shares of Charles Schwab Corp (NYSE:SCHW) on strength during trading on Monday after an insider sold shares in the company. $45.65 million flowed into the stock on the tick-up and $95.38 million flowed out of the stock on the tick-down, for a money net flow of $49.73 million out of the stock. Of all equities tracked, Charles Schwab had the 20th highest net out-flow for the day. Charles Schwab traded up $0.06 for the day and closed at $57.76Specifically, EVP Terri R. Kallsen sold 5,000 shares of the company’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $52.94, for a total value of $264,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Terri R. Kallsen sold 2,026 shares of the company’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $51.30, for a total value of $103,933.80. Following the completion of the sale, the executive vice president now owns 1,706 shares of the company’s stock, valued at $87,517.80. The disclosure for this sale can be found here. Insiders sold a total of 922,251 shares of company stock valued at $50,343,908 over the last quarter. Company insiders own 12.00% of the company’s stock.
Several brokerages have weighed in on SCHW. Zacks Investment Research cut Charles Schwab from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. SunTrust Banks restated a “buy” rating on shares of Charles Schwab in a research note on Wednesday, February 14th. Credit Suisse Group decreased their price objective on Charles Schwab from $70.00 to $69.00 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. Citigroup cut Charles Schwab from a “neutral” rating to a “sell” rating and set a $49.00 price objective for the company. in a research note on Wednesday, February 7th. Finally, Morgan Stanley upped their price objective on Charles Schwab from $61.00 to $63.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. One analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $54.33.
The company has a market cap of $77,770.00, a PE ratio of 35.01, a PEG ratio of 1.41 and a beta of 1.58. The company has a current ratio of 0.31, a quick ratio of 0.30 and a debt-to-equity ratio of 0.30.
Charles Schwab (NYSE:SCHW) last announced its earnings results on Wednesday, January 17th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.03. Charles Schwab had a return on equity of 16.03% and a net margin of 27.32%. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period in the prior year, the company posted $0.36 EPS. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. sell-side analysts expect that Charles Schwab Corp will post 2.4 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were given a dividend of $0.10 per share. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.69%. The ex-dividend date was Thursday, February 8th. Charles Schwab’s dividend payout ratio is currently 24.24%.
Large investors have recently made changes to their positions in the stock. Bank of The West increased its position in Charles Schwab by 1.9% during the 4th quarter. Bank of The West now owns 105,131 shares of the financial services provider’s stock valued at $5,400,000 after buying an additional 1,948 shares in the last quarter. Atria Investments LLC increased its position in Charles Schwab by 11.8% during the 4th quarter. Atria Investments LLC now owns 18,096 shares of the financial services provider’s stock valued at $930,000 after buying an additional 1,907 shares in the last quarter. State of Alaska Department of Revenue increased its position in Charles Schwab by 311.7% during the 4th quarter. State of Alaska Department of Revenue now owns 141,615 shares of the financial services provider’s stock valued at $7,272,000 after buying an additional 107,221 shares in the last quarter. Peregrine Asset Advisers Inc. acquired a new position in Charles Schwab during the 4th quarter valued at about $5,306,000. Finally, Columbus Circle Investors acquired a new position in Charles Schwab during the 3rd quarter valued at about $49,394,000. 80.60% of the stock is currently owned by institutional investors.
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About 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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