Charles R. Schwab Sells 200,000 Shares of The Charles Schwab Corporation (SCHW) Stock

The Charles Schwab Corporation (NYSE:SCHW) Chairman Charles R. Schwab sold 200,000 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $44.29, for a total transaction of $8,858,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link.

Shares of The Charles Schwab Corporation (NYSE:SCHW) opened at $44.59 on Wednesday. The Charles Schwab Corporation has a 12-month low of $36.04 and a 12-month high of $46.21. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.31 and a quick ratio of 0.30. The stock has a market cap of $59,347.30, a P/E ratio of 28.38, a PEG ratio of 1.88 and a beta of 1.74.

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

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

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SCHW has been the topic of a number of recent analyst reports. BidaskClub lowered shares of The Charles Schwab Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Jefferies Group LLC reissued a “buy” rating and set a $49.00 price target on shares of The Charles Schwab Corporation in a research report on Friday, September 15th. Morgan Stanley lifted their price objective on shares of The Charles Schwab Corporation from $51.00 to $53.00 and gave the stock an “overweight” rating in a research report on Thursday, October 5th. Nomura lowered shares of The Charles Schwab Corporation from a “buy” rating to a “neutral” rating in a research report on Monday, July 24th. Finally, Deutsche Bank AG lifted their price objective on shares of 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 research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $47.07.

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in The Charles Schwab Corporation by 3.2% during the second quarter. Vanguard Group Inc. now owns 81,925,586 shares of the financial services provider’s stock valued at $3,519,523,000 after acquiring an additional 2,536,947 shares in the last quarter. BlackRock Inc. grew its stake in The Charles Schwab Corporation by 2.5% during the second quarter. BlackRock Inc. now owns 73,666,134 shares of the financial services provider’s stock valued at $3,164,699,000 after acquiring an additional 1,790,015 shares in the last quarter. JPMorgan Chase & Co. grew its stake in The Charles Schwab Corporation by 1.3% during the second quarter. JPMorgan Chase & Co. now owns 39,576,199 shares of the financial services provider’s stock valued at $1,700,193,000 after acquiring an additional 491,451 shares in the last quarter. FMR LLC grew its stake in The Charles Schwab Corporation by 11.3% during the second quarter. FMR LLC now owns 30,766,004 shares of the financial services provider’s stock valued at $1,321,708,000 after acquiring an additional 3,128,532 shares in the last quarter. Finally, Capital Research Global Investors grew its stake in The Charles Schwab Corporation by 86.3% during the second quarter. Capital Research Global Investors now owns 24,237,199 shares of the financial services provider’s stock valued at $1,041,230,000 after acquiring an additional 11,224,199 shares in the last quarter. 79.41% of the stock is 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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