The Charles Schwab Corporation (SCHW) Short Interest Down 22.6% in October

The Charles Schwab Corporation (NYSE:SCHW) saw a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 21,101,385 shares, a decline of 22.6% from the October 13th total of 27,255,862 shares. Based on an average daily trading volume, of 6,129,378 shares, the short-interest ratio is currently 3.4 days. Currently, 1.8% of the company’s stock are sold short.

Shares of The Charles Schwab Corporation (SCHW) opened at $44.59 on Wednesday. The stock has a market capitalization of $59,347.30, a price-to-earnings ratio of 28.38, a price-to-earnings-growth ratio of 1.88 and a beta of 1.74. 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 Charles Schwab Corporation has a one year low of $36.04 and a one year high of $46.21.

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

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

Several research analysts recently issued reports on the company. Barclays PLC lifted their target price on The Charles Schwab Corporation from $48.00 to $51.00 and gave the company an “overweight” rating in a research report on Tuesday, October 10th. BidaskClub raised The Charles Schwab Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 10th. Deutsche Bank AG boosted 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. Morgan Stanley boosted their price objective on 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. Finally, Instinet reissued a “neutral” rating and issued a $43.00 price objective (down previously from $46.00) on shares of The Charles Schwab Corporation in a research report on Monday, July 24th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The Charles Schwab Corporation has an average rating of “Buy” and an average target price of $47.07.

In related news, EVP Bernard J. Clark sold 75,244 shares of The Charles Schwab Corporation stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $43.98, for a total transaction of $3,309,231.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Walter W. Bettinger bought 72,510 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were bought at an average cost of $27.21 per share, for a total transaction of $1,972,997.10. Following the transaction, the insider now owns 41,330 shares of the company’s stock, valued at $1,124,589.30. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 573,095 shares of company stock worth $25,552,240. 12.00% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in SCHW. Oppenheimer Asset Management Inc. bought a new stake in shares of The Charles Schwab Corporation during the 1st quarter valued at $5,391,000. Broad Run Investment Management LLC raised its stake in shares of The Charles Schwab Corporation by 3.1% during the 1st quarter. Broad Run Investment Management LLC now owns 4,594,306 shares of the financial services provider’s stock valued at $187,494,000 after purchasing an additional 137,737 shares during the period. Partners Capital Investment Group Holdings LLC raised its stake in shares of The Charles Schwab Corporation by 6.9% during the 1st quarter. Partners Capital Investment Group Holdings LLC now owns 553,644 shares of the financial services provider’s stock valued at $22,594,000 after purchasing an additional 35,977 shares during the period. Gotham Asset Management LLC raised its stake in shares of The Charles Schwab Corporation by 62.0% during the 1st quarter. Gotham Asset Management LLC now owns 48,861 shares of the financial services provider’s stock valued at $1,994,000 after purchasing an additional 18,693 shares during the period. Finally, BlueCrest Capital Management Ltd raised its stake in shares of The Charles Schwab Corporation by 41.4% during the 1st quarter. BlueCrest Capital Management Ltd now owns 115,964 shares of the financial services provider’s stock valued at $4,732,000 after purchasing an additional 33,972 shares during the period. Institutional investors own 79.41% of the company’s stock.

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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.

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