The Charles Schwab Corporation (NYSE:SCHW) was the recipient of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 21,101,385 shares, a decline of 22.6% from the October 13th total of 27,255,862 shares. Based on an average daily trading volume, of 6,129,378 shares, the short-interest ratio is presently 3.4 days. Approximately 1.8% of the company’s shares are sold short.

SCHW has been the topic of a number of research reports. Instinet reiterated a “neutral” rating and issued a $43.00 target price (down previously from $46.00) on shares of The Charles Schwab Corporation in a report on Monday, July 24th. Nomura downgraded The Charles Schwab Corporation from a “buy” rating to a “neutral” rating in a report on Monday, July 24th. Morgan Stanley reiterated an “overweight” rating and issued a $51.00 target price (up previously from $48.00) on shares of The Charles Schwab Corporation in a report on Tuesday, July 25th. BidaskClub downgraded The Charles Schwab Corporation from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Finally, Barclays PLC started coverage on The Charles Schwab Corporation in a report on Friday, September 8th. They issued an “overweight” rating and a $48.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $47.07.

Shares of The Charles Schwab Corporation (SCHW) opened at $44.68 on Monday. The stock has a market capitalization of $59,896.94, a P/E ratio of 28.64, a price-to-earnings-growth ratio of 1.90 and a beta of 1.74. The company has a current ratio of 0.31, a quick ratio of 0.30 and a debt-to-equity ratio of 0.21. The Charles Schwab Corporation has a 12-month low of $37.00 and a 12-month high of $46.21.

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

The business also recently announced 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. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.32 dividend on an annualized basis and a yield of 0.72%. The Charles Schwab Corporation’s payout ratio is currently 20.51%.

In other news, Chairman Charles R. Schwab sold 350,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $44.65, for a total value of $15,627,500.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Terri R. Kallsen sold 1,000 shares of the company’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $38.99, for a total value of $38,990.00. Following the completion of the transaction, the executive vice president now owns 5,212 shares in the company, valued at approximately $203,215.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 923,095 shares of company stock worth $41,179,740. Corporate insiders own 12.00% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. American Century Companies Inc. boosted its position in The Charles Schwab Corporation by 19.4% during the second quarter. American Century Companies Inc. now owns 4,139,650 shares of the financial services provider’s stock worth $177,839,000 after purchasing an additional 673,011 shares during the period. Principal Financial Group Inc. boosted its position in shares of The Charles Schwab Corporation by 17.3% in the second quarter. Principal Financial Group Inc. now owns 3,100,144 shares of the financial services provider’s stock valued at $133,182,000 after acquiring an additional 457,591 shares during the period. Cubist Systematic Strategies LLC boosted its position in shares of The Charles Schwab Corporation by 317.6% in the second quarter. Cubist Systematic Strategies LLC now owns 51,701 shares of the financial services provider’s stock valued at $2,221,000 after acquiring an additional 39,321 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of The Charles Schwab Corporation by 1.6% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,417,577 shares of the financial services provider’s stock valued at $103,859,000 after acquiring an additional 38,306 shares during the period. Finally, CIBC World Markets Inc. bought a new stake in shares of The Charles Schwab Corporation in the second quarter valued at approximately $282,000. 79.93% of the stock is owned by hedge funds and other institutional investors.

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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.

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