The Charles Schwab Corporation (NYSE:SCHW) Chairman Charles R. Schwab sold 350,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $44.65, for a total transaction of $15,627,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

The Charles Schwab Corporation (SCHW) traded up $0.10 during mid-day trading on Friday, hitting $44.64. 3,842,300 shares of the company’s stock traded hands, compared to its average volume of 7,071,344. The stock has a market capitalization of $59,900.00, a P/E ratio of 28.55, a PEG ratio of 1.89 and a beta of 1.74. The Charles Schwab Corporation has a 52-week low of $36.35 and a 52-week high of $46.21. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.31 and a quick ratio of 0.30.

The Charles Schwab Corporation (NYSE:SCHW) last posted its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.42 EPS for the quarter, topping the consensus estimate of $0.41 by $0.01. The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.18 billion. The Charles Schwab Corporation had a net margin of 27.30% and a return on equity of 15.77%. The business’s revenue was up 13.1% compared to the same quarter last year. During the same period last year, the firm posted $0.35 earnings per share. equities analysts forecast that The Charles Schwab Corporation will post 1.62 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Friday, November 10th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Thursday, November 9th. The Charles Schwab Corporation’s payout ratio is 20.51%.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. WealthTrust Arizona LLC increased its stake 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 period. Shine Investment Advisory Services Inc. purchased a new position in shares of The Charles Schwab Corporation in the second quarter worth $145,000. Fiduciary Trust Co. purchased a new position in shares of The Charles Schwab Corporation in the second quarter worth $163,000. Zions Bancorporation increased its stake in shares of The Charles Schwab Corporation by 1,545.3% in the third quarter. Zions Bancorporation now owns 3,817 shares of the financial services provider’s stock worth $167,000 after buying an additional 3,585 shares during the period. Finally, Quadrant Capital Group LLC increased its stake in shares of The Charles Schwab Corporation by 31.4% in the second quarter. Quadrant Capital Group LLC now owns 4,531 shares of the financial services provider’s stock worth $168,000 after buying an additional 1,082 shares during the period. 79.41% of the stock is currently owned by institutional investors.

SCHW has been the subject of a number of analyst reports. Argus restated a “buy” rating and issued a $48.00 price objective (up from $46.00) on shares of The Charles Schwab Corporation in a research report on Friday, July 21st. Instinet reiterated a “neutral” rating and set a $43.00 target price (down from $46.00) on shares of The Charles Schwab Corporation in a research report on Monday, July 24th. Nomura lowered shares of The Charles Schwab Corporation from a “buy” rating to a “neutral” rating in a research report on Monday, July 24th. Morgan Stanley reiterated an “overweight” rating and set a $51.00 target price (up from $48.00) on shares of The Charles Schwab Corporation in a research report on Tuesday, July 25th. Finally, BidaskClub lowered shares of The Charles Schwab Corporation from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Six 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 a consensus rating of “Buy” and a consensus price target of $47.07.

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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