Terri R. Kallsen Sells 815 Shares of The Charles Schwab Corporation (SCHW) Stock

The Charles Schwab Corporation (NYSE:SCHW) EVP Terri R. Kallsen sold 815 shares of the stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $43.97, for a total value of $35,835.55. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

The Charles Schwab Corporation (NYSE:SCHW) traded up $0.27 on Friday, hitting $44.27. The stock had a trading volume of 4,512,000 shares, compared to its average volume of 7,115,542. The Charles Schwab Corporation has a fifty-two week low of $34.85 and a fifty-two week high of $46.21. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.21. The company has a market cap of $58,985.35, a P/E ratio of 28.20, a price-to-earnings-growth ratio of 1.87 and a beta of 1.74.

The Charles Schwab Corporation (NYSE:SCHW) last posted its quarterly 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 Charles Schwab Corporation had a return on equity of 15.77% and a net margin of 27.30%. The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the prior year, the company earned $0.35 EPS. The business’s revenue was up 13.1% compared to the same quarter last year. equities analysts forecast that The Charles Schwab Corporation will post 1.62 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Stockholders 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 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%.

TRADEMARK VIOLATION WARNING: This news story was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this news story on another site, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this news story can be read at https://ledgergazette.com/2017/11/11/terri-r-kallsen-sells-815-shares-of-the-charles-schwab-corporation-schw-stock.html.

Several institutional investors and hedge funds have recently bought and sold shares of SCHW. WealthTrust Arizona LLC grew its position in shares of The Charles Schwab Corporation by 1.2% during the 2nd 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 in the last quarter. Shine Investment Advisory Services Inc. bought a new stake in The Charles Schwab Corporation during the second quarter valued at about $145,000. Fiduciary Trust Co. bought a new stake in The Charles Schwab Corporation during the second quarter valued at about $163,000. Quadrant Capital Group LLC boosted its position in The Charles Schwab Corporation by 31.4% during the second quarter. Quadrant Capital Group LLC now owns 4,531 shares of the financial services provider’s stock valued at $168,000 after purchasing an additional 1,082 shares in the last quarter. Finally, Founders Capital Management boosted its position in The Charles Schwab Corporation by 7.7% during the second quarter. Founders Capital Management now owns 4,200 shares of the financial services provider’s stock valued at $180,000 after purchasing an additional 300 shares in the last quarter. 79.56% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently weighed in on the company. Nomura lowered The Charles Schwab Corporation from a “buy” rating to a “neutral” rating in a report on Monday, July 24th. Instinet restated a “neutral” rating and set a $43.00 price target (down previously from $46.00) on shares of The Charles Schwab Corporation in a report on Monday, July 24th. BidaskClub lowered The Charles Schwab Corporation from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Keefe, Bruyette & Woods restated a “buy” rating and set a $47.00 price target on shares of The Charles Schwab Corporation in a report on Friday, September 15th. Finally, 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 research note on Tuesday, July 25th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average 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)

Receive News & Ratings for The Charles Schwab Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Charles Schwab Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply