The Charles Schwab Corp. (NYSE:SCHW) Chairman Charles R. Schwab sold 16,000 shares of the business’s stock in a transaction dated Tuesday, November 29th. The stock was sold at an average price of $38.51, for a total value of $616,160.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

The Charles Schwab Corp. (NYSE:SCHW) opened at 38.66 on Thursday. The Charles Schwab Corp. has a 12-month low of $21.51 and a 12-month high of $39.35. The company has a market cap of $51.25 billion, a P/E ratio of 31.18 and a beta of 1.68. The firm has a 50-day moving average price of $34.21 and a 200-day moving average price of $30.53.

The Charles Schwab Corp. (NYSE:SCHW) last announced its earnings results on Monday, October 17th. The company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.02. The firm earned $1.91 billion during the quarter, compared to analysts’ expectations of $1.89 billion. The Charles Schwab Corp. had a return on equity of 13.64% and a net margin of 24.77%. The company’s quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.27 EPS. On average, equities research analysts forecast that The Charles Schwab Corp. will post $1.29 earnings per share for the current fiscal year.

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

The business also recently announced a quarterly dividend, which was paid on Monday, November 28th. Stockholders 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 0.72%. The ex-dividend date of this dividend was Wednesday, November 9th. The Charles Schwab Corp.’s dividend payout ratio (DPR) is 22.95%.

COPYRIGHT VIOLATION WARNING: “Charles R. Schwab Sells 16,000 Shares of The Charles Schwab Corp. (SCHW) Stock” was first posted by Daily Political and is the sole property of of Daily Political. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The correct version of this article can be viewed at http://www.dailypolitical.com/2016/12/01/charles-r-schwab-sells-16000-shares-of-the-charles-schwab-corp-schw-stock.html.

Several research analysts have recently commented on the company. Jefferies Group reissued a “buy” rating on shares of The Charles Schwab Corp. in a report on Friday, August 5th. Barclays PLC boosted their price objective on The Charles Schwab Corp. from $29.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, August 9th. Wells Fargo & Co. reissued a “market perform” rating on shares of The Charles Schwab Corp. in a report on Tuesday, October 18th. Deutsche Bank AG upped their target price on The Charles Schwab Corp. from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, September 9th. Finally, Zacks Investment Research raised The Charles Schwab Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 16th. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The Charles Schwab Corp. has a consensus rating of “Buy” and a consensus price target of $33.69.

Several institutional investors have recently made changes to their positions in SCHW. SevenBridge Financial Group LLC boosted its position in shares of The Charles Schwab Corp. by 8.7% in the third quarter. SevenBridge Financial Group LLC now owns 12,157 shares of the company’s stock worth $382,000 after buying an additional 972 shares during the period. D.A. Davidson & CO. boosted its position in shares of The Charles Schwab Corp. by 61.7% in the third quarter. D.A. Davidson & CO. now owns 130,694 shares of the company’s stock worth $4,122,000 after buying an additional 49,880 shares during the period. Brinker Capital Inc. boosted its position in shares of The Charles Schwab Corp. by 0.3% in the third quarter. Brinker Capital Inc. now owns 12,590 shares of the company’s stock worth $397,000 after buying an additional 39 shares during the period. Piedmont Investment Advisors LLC bought a new position in shares of The Charles Schwab Corp. during the third quarter worth approximately $29,204,000. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of The Charles Schwab Corp. by 191.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 16,620,867 shares of the company’s stock worth $524,721,000 after buying an additional 10,912,905 shares during the period. Hedge funds and other institutional investors own 76.52% of the company’s stock.

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

Receive News & Ratings for The Charles Schwab Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Charles Schwab Corp. and related companies with MarketBeat.com's FREE daily email newsletter.