The Charles Schwab Corporation (SCHW) Chairman Sells $15,627,500.00 in Stock

The Charles Schwab Corporation (NYSE:SCHW) Chairman Charles R. Schwab sold 350,000 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $44.65, for a total transaction of $15,627,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of The Charles Schwab Corporation (NYSE:SCHW) opened at $44.68 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.30 and a current ratio of 0.31. The Charles Schwab Corporation has a 52 week low of $37.00 and a 52 week high of $46.21. The company has a market cap of $59,780.00, a PE ratio of 28.58, a price-to-earnings-growth ratio of 1.89 and a beta of 1.74.

The Charles Schwab Corporation (NYSE:SCHW) last posted its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. The company had revenue of $2.17 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 13.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.35 earnings per share. equities research analysts predict that The Charles Schwab Corporation will post 1.62 EPS for the current fiscal year.

The business 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 $0.08 dividend. 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 dividend payout ratio (DPR) is 20.51%.

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Several equities analysts have recently weighed in on SCHW shares. Nomura lowered shares of The Charles Schwab Corporation from a “buy” rating to a “neutral” rating in a research report on Monday, July 24th. Instinet restated a “neutral” rating and set a $43.00 price objective (down previously from $46.00) on shares of The Charles Schwab Corporation in a research report on Monday, July 24th. BidaskClub lowered shares of The Charles Schwab Corporation from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Morgan Stanley restated an “overweight” rating and set a $51.00 price objective (up previously from $48.00) on shares of The Charles Schwab Corporation in a research report on Tuesday, July 25th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $47.00 price objective on shares of The Charles Schwab Corporation in a research report on Friday, September 15th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The Charles Schwab Corporation currently has an average rating of “Buy” and a consensus price target of $47.07.

Several hedge funds and other institutional investors have recently bought and sold shares of SCHW. WealthTrust Arizona LLC lifted its position 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 purchasing an additional 29 shares in the last quarter. Shine Investment Advisory Services Inc. purchased a new stake in shares of The Charles Schwab Corporation in the second quarter worth approximately $145,000. Fiduciary Trust Co. purchased a new stake in shares of The Charles Schwab Corporation in the second quarter worth approximately $163,000. Zions Bancorporation lifted its position 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 purchasing an additional 3,585 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its position 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 purchasing an additional 1,082 shares in the last quarter. 79.41% of the stock is owned by institutional investors and hedge funds.

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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