The Charles Schwab Corporation (NYSE:SCHW) Chairman Charles R. Schwab sold 290,000 shares of The Charles Schwab Corporation stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $43.27, for a total transaction of $12,548,300.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of The Charles Schwab Corporation (NYSE:SCHW) opened at 43.11 on Friday. The Charles Schwab Corporation has a one year low of $27.87 and a one year high of $44.10. The company’s 50 day moving average is $42.64 and its 200 day moving average is $40.97. The company has a market capitalization of $57.68 billion, a price-to-earnings ratio of 28.93 and a beta of 1.63.

The Charles Schwab Corporation (NYSE:SCHW) last announced its earnings results on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.39. The Charles Schwab Corporation had a net margin of 26.73% and a return on equity of 15.69%. The business had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same period last year, the firm posted $0.30 earnings per share. The Charles Schwab Corporation’s quarterly revenue was up 16.5% on a year-over-year basis. Equities research analysts predict that The Charles Schwab Corporation will post $1.61 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, August 11th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Wednesday, August 9th. The Charles Schwab Corporation’s payout ratio is currently 21.48%.

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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. WealthTrust Arizona LLC boosted its position in shares of The Charles Schwab Corporation by 1.2% in the second quarter. WealthTrust Arizona LLC now owns 2,466 shares of the financial services provider’s stock worth $106,000 after buying an additional 29 shares during the last quarter. Pinnacle Bank acquired a new position in shares of The Charles Schwab Corporation during the first quarter worth approximately $119,000. First Bank & Trust boosted its position in shares of The Charles Schwab Corporation by 3.6% in the first quarter. First Bank & Trust now owns 3,125 shares of the financial services provider’s stock worth $128,000 after buying an additional 109 shares during the last quarter. YorkBridge Wealth Partners LLC boosted its position in shares of The Charles Schwab Corporation by 9.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 3,267 shares of the financial services provider’s stock worth $131,000 after buying an additional 287 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. acquired a new position in shares of The Charles Schwab Corporation during the second quarter worth approximately $145,000. Institutional investors and hedge funds own 79.25% of the company’s stock.

SCHW has been the subject of several analyst reports. Citigroup Inc. reiterated a “buy” rating and issued a $43.00 price objective (down previously from $45.00) on shares of The Charles Schwab Corporation in a research note on Saturday, April 22nd. Deutsche Bank AG reiterated a “buy” rating and issued a $45.00 price objective (up previously from $44.00) on shares of The Charles Schwab Corporation in a research note on Monday, May 15th. SunTrust Banks, Inc. dropped their price objective on shares of The Charles Schwab Corporation from $45.00 to $44.00 and set a “buy” rating for the company in a research note on Wednesday, April 19th. Instinet reiterated a “conviction-buy” rating and issued a $46.00 price objective (up previously from $44.00) on shares of The Charles Schwab Corporation in a research note on Friday, April 14th. Finally, Jefferies Group LLC raised their target price on shares of The Charles Schwab Corporation from $47.00 to $48.00 and gave the company a “buy” rating in a report on Monday, April 24th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $44.00.

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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