The Charles Schwab Corp. (NYSE:SCHW) insider Walter W. Bettinger sold 34,233 shares of The Charles Schwab Corp. stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $39.21, for a total transaction of $1,342,275.93. Following the transaction, the insider now directly owns 277,892 shares of the company’s stock, valued at approximately $10,896,145.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

The Charles Schwab Corp. (NYSE:SCHW) opened at 38.46 on Wednesday. The firm has a 50-day moving average of $33.85 and a 200-day moving average of $30.39. The Charles Schwab Corp. has a 1-year low of $21.51 and a 1-year high of $39.22. The stock has a market capitalization of $50.99 billion, a PE ratio of 31.02 and a beta of 1.68.

The Charles Schwab Corp. (NYSE:SCHW) last posted its quarterly earnings data on Monday, October 17th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.89 billion. The Charles Schwab Corp. had a net margin of 24.77% and a return on equity of 13.64%. The firm’s revenue was up 19.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.27 earnings per share. Equities analysts expect that The Charles Schwab Corp. will post $1.29 EPS for the current fiscal year.

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

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 28th. Investors of record on Monday, November 14th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date was Wednesday, November 9th. The Charles Schwab Corp.’s payout ratio is 22.95%.

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Several institutional investors have recently bought and sold shares of the company. Lenox Wealth Management Inc. increased its position in The Charles Schwab Corp. by 12.1% in the second quarter. Lenox Wealth Management Inc. now owns 4,126 shares of the company’s stock worth $104,000 after buying an additional 445 shares during the last quarter. Reilly Financial Advisors LLC boosted its stake in The Charles Schwab Corp. by 10.4% in the second quarter. Reilly Financial Advisors LLC now owns 4,248 shares of the company’s stock worth $108,000 after buying an additional 400 shares during the last quarter. Assetmark Inc. boosted its stake in The Charles Schwab Corp. by 3.3% in the third quarter. Assetmark Inc. now owns 3,733 shares of the company’s stock worth $118,000 after buying an additional 121 shares during the last quarter. Integrated Investment Consultants LLC boosted its stake in The Charles Schwab Corp. by 33.9% in the second quarter. Integrated Investment Consultants LLC now owns 4,943 shares of the company’s stock worth $125,000 after buying an additional 1,252 shares during the last quarter. Finally, Financial Architects Inc boosted its stake in The Charles Schwab Corp. by 10.6% in the third quarter. Financial Architects Inc now owns 4,168 shares of the company’s stock worth $132,000 after buying an additional 400 shares during the last quarter. 76.52% of the stock is currently owned by institutional investors.

Several research firms have weighed in on SCHW. Citigroup Inc. raised shares of The Charles Schwab Corp. from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 22nd. Morgan Stanley began coverage on shares of The Charles Schwab Corp. in a research note on Monday, September 26th. They issued an “overweight” rating and a $37.00 price target for the company. Bank of America Corp. raised shares of The Charles Schwab Corp. from a “neutral” rating to a “buy” rating and lifted their price target for the company from $21.51 to $38.00 in a research note on Thursday, October 13th. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $32.00 price target on shares of The Charles Schwab Corp. in a research note on Monday, October 10th. Finally, SunTrust Banks Inc. raised shares of The Charles Schwab Corp. from a “neutral” rating to a “buy” rating and lifted their price target for the company from $32.00 to $33.00 in a research note on Tuesday, October 18th. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $33.69.

The Charles Schwab Corp. Company Profile

The Charles Schwab Corporation 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.

5 Day Chart for NYSE:SCHW

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