The Charles Schwab Corporation (NYSE:SCHW) Director Nancy H. Bechtle sold 23,207 shares of The Charles Schwab Corporation stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $43.03, for a total value of $998,597.21. Following the completion of the transaction, the director now owns 4,754 shares of the company’s stock, valued at approximately $204,564.62. The sale was disclosed in a document filed with the SEC, which is available at this link.

Shares of The Charles Schwab Corporation (NYSE SCHW) opened at 42.72 on Wednesday. The company has a market cap of $57.16 billion, a P/E ratio of 28.67 and a beta of 1.63. The Charles Schwab Corporation has a 52 week low of $29.23 and a 52 week high of $44.10. The firm’s 50-day moving average price is $42.71 and its 200 day moving average price is $41.02.

The Charles Schwab Corporation (NYSE:SCHW) last released its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.39 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.39. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.13 billion. The Charles Schwab Corporation had a return on equity of 15.69% and a net margin of 26.73%. The Charles Schwab Corporation’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.30 EPS. On average, equities analysts predict that The Charles Schwab Corporation will post $1.61 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, August 11th will be given a dividend of $0.08 per share. The ex-dividend date is Wednesday, August 9th. This represents a $0.32 dividend on an annualized basis and a yield of 0.75%. The Charles Schwab Corporation’s dividend payout ratio (DPR) is presently 21.48%.

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SCHW has been the subject of several research reports. Nomura reiterated a “buy” rating and issued a $46.00 target price on shares of The Charles Schwab Corporation in a research report on Tuesday, April 11th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $46.00 target price on shares of The Charles Schwab Corporation in a research report on Friday, June 16th. BidaskClub upgraded The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Jefferies Group LLC reiterated a “buy” rating and issued a $48.00 target price on shares of The Charles Schwab Corporation in a research report on Wednesday, May 31st. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $45.00 target price (up previously from $44.00) on shares of The Charles Schwab Corporation in a research report on Monday, May 15th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $44.00.

A number of large investors have recently added to or reduced their stakes in SCHW. Creative Planning raised its stake in The Charles Schwab Corporation by 6.4% in the first quarter. Creative Planning now owns 48,753 shares of the financial services provider’s stock worth $1,990,000 after buying an additional 2,929 shares during the period. Stock Yards Bank & Trust Co. raised its stake in The Charles Schwab Corporation by 2.3% in the first quarter. Stock Yards Bank & Trust Co. now owns 304,973 shares of the financial services provider’s stock worth $12,446,000 after buying an additional 6,783 shares during the period. Gulf International Bank UK Ltd raised its stake in The Charles Schwab Corporation by 2.4% in the first quarter. Gulf International Bank UK Ltd now owns 370,106 shares of the financial services provider’s stock worth $15,104,000 after buying an additional 8,565 shares during the period. Quadrant Capital Group LLC raised its stake in The Charles Schwab Corporation by 6.4% in the first quarter. Quadrant Capital Group LLC now owns 3,449 shares of the financial services provider’s stock worth $133,000 after buying an additional 207 shares during the period. Finally, National Pension Service raised its stake in The Charles Schwab Corporation by 0.3% in the first quarter. National Pension Service now owns 908,941 shares of the financial services provider’s stock worth $37,394,000 after buying an additional 2,591 shares during the period. Institutional investors and hedge funds own 79.41% of the company’s stock.

About The Charles Schwab Corporation

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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