Charles Schwab Corp (NYSE:SCHW) gapped down prior to trading on Thursday after an insider sold shares in the company. The stock had previously closed at $52.27, but opened at $52.03. Charles Schwab shares last traded at $50.58, with a volume of 5979766 shares changing hands.

Specifically, insider Marie A. Chandoha sold 56,327 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $45.86, for a total transaction of $2,583,156.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Bernard J. Clark sold 50,444 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $50.52, for a total transaction of $2,548,430.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,008,944 shares of company stock valued at $101,205,520. Insiders own 12.00% of the company’s stock.

SCHW has been the subject of several analyst reports. Citigroup downgraded shares of Charles Schwab from a “neutral” rating to a “sell” rating and set a $49.00 price target for the company. in a report on Wednesday. Credit Suisse Group cut their price target on shares of Charles Schwab from $70.00 to $69.00 and set an “outperform” rating for the company in a report on Wednesday. Morgan Stanley lifted their price target on shares of Charles Schwab from $61.00 to $63.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. JMP Securities downgraded shares of Charles Schwab from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 3rd. Finally, Nomura reissued a “neutral” rating and set a $54.00 price target (up from $50.00) on shares of Charles Schwab in a report on Thursday, January 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $53.88.

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 firm has a market cap of $67,190.00, a PE ratio of 31.13, a price-to-earnings-growth ratio of 1.28 and a beta of 1.63.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. The firm had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Charles Schwab had a net margin of 27.32% and a return on equity of 16.31%. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.36 EPS. analysts predict that Charles Schwab Corp will post 2.4 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 9th will be given a dividend of $0.10 per share. This is a boost from Charles Schwab’s previous quarterly dividend of $0.08. The ex-dividend date is Thursday, February 8th. This represents a $0.40 annualized dividend and a dividend yield of 0.80%. Charles Schwab’s payout ratio is currently 19.88%.

Several large investors have recently modified their holdings of the company. BlackRock Inc. grew its position in shares of Charles Schwab by 5.2% during the 4th quarter. BlackRock Inc. now owns 79,858,312 shares of the financial services provider’s stock worth $4,102,323,000 after buying an additional 3,943,376 shares during the period. Edgewood Management LLC grew its position in shares of Charles Schwab by 8.4% during the 3rd quarter. Edgewood Management LLC now owns 20,125,345 shares of the financial services provider’s stock worth $880,283,000 after buying an additional 1,559,733 shares during the period. Bank of New York Mellon Corp grew its position in shares of Charles Schwab by 0.5% during the 4th quarter. Bank of New York Mellon Corp now owns 13,721,562 shares of the financial services provider’s stock worth $704,877,000 after buying an additional 65,464 shares during the period. Jackson Square Partners LLC grew its position in shares of Charles Schwab by 13.8% during the 3rd quarter. Jackson Square Partners LLC now owns 10,807,952 shares of the financial services provider’s stock worth $472,739,000 after buying an additional 1,307,627 shares during the period. Finally, Ruane Cunniff & Goldfarb Inc. grew its position in shares of Charles Schwab by 1.6% during the 3rd quarter. Ruane Cunniff & Goldfarb Inc. now owns 8,348,548 shares of the financial services provider’s stock worth $365,165,000 after buying an additional 133,869 shares during the period. Institutional investors own 79.72% of the company’s stock.

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About Charles Schwab

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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