The Charles Schwab Corporation (NYSE:SCHW) CFO Peter B. Crawford sold 1,063 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $44.64, for a total transaction of $47,452.32. Following the transaction, the chief financial officer now owns 11,302 shares in the company, valued at approximately $504,521.28. The sale was disclosed in a filing with the SEC, which is available at this link.

The Charles Schwab Corporation (NYSE:SCHW) traded up $0.02 during trading hours on Wednesday, reaching $44.17. 365,754 shares of the company’s stock were exchanged, compared to its average volume of 5,857,500. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.32 and a quick ratio of 0.31. The firm has a market capitalization of $59,791.67, a PE ratio of 28.62, a PEG ratio of 1.90 and a beta of 1.74. The Charles Schwab Corporation has a 52 week low of $31.76 and a 52 week high of $46.21.

The Charles Schwab Corporation (NYSE:SCHW) last posted its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.01. The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.18 billion. The Charles Schwab Corporation had a net margin of 27.30% and a return on equity of 16.07%. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.35 earnings per share. equities research analysts predict that The Charles Schwab Corporation will post 1.62 earnings per share for the current year.

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

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Several hedge funds and other institutional investors have recently modified their holdings of SCHW. BlackRock Inc. raised its position in shares of The Charles Schwab Corporation by 1,921.5% in the first quarter. BlackRock Inc. now owns 71,876,119 shares of the financial services provider’s stock valued at $2,933,263,000 after buying an additional 68,320,480 shares during the last quarter. Capital Research Global Investors increased its position in The Charles Schwab Corporation by 86.3% during the second quarter. Capital Research Global Investors now owns 24,237,199 shares of the financial services provider’s stock worth $1,041,230,000 after purchasing an additional 11,224,199 shares during the last quarter. Janus Henderson Group PLC increased its position in The Charles Schwab Corporation by 1,766.9% during the second quarter. Janus Henderson Group PLC now owns 9,357,736 shares of the financial services provider’s stock worth $402,011,000 after purchasing an additional 8,856,483 shares during the last quarter. FMR LLC increased its position in The Charles Schwab Corporation by 11.3% during the second quarter. FMR LLC now owns 30,766,004 shares of the financial services provider’s stock worth $1,321,708,000 after purchasing an additional 3,128,532 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in The Charles Schwab Corporation by 4.0% during the first quarter. Vanguard Group Inc. now owns 79,388,639 shares of the financial services provider’s stock worth $3,239,850,000 after purchasing an additional 3,063,203 shares during the last quarter. Institutional investors and hedge funds own 79.56% of the company’s stock.

A number of research analysts have issued reports on the stock. BidaskClub lowered shares of The Charles Schwab Corporation from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Barclays PLC upped their price target on shares of The Charles Schwab Corporation from $48.00 to $51.00 and gave the company an “overweight” rating in a research note on Tuesday, October 10th. Citigroup Inc. assumed coverage on shares of The Charles Schwab Corporation in a research note on Thursday, July 13th. They set a “neutral” rating and a $46.00 price target on the stock. Rosenblatt Securities assumed coverage on shares of The Charles Schwab Corporation in a research note on Thursday, July 13th. They set a “neutral” rating and a $46.00 price target on the stock. Finally, Morgan Stanley upped their price objective on shares of The Charles Schwab Corporation from $51.00 to $53.00 and gave the company an “overweight” rating in a report on Thursday, October 5th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $47.07.

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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