Traders Sell Charles Schwab (SCHW) on Strength (SCHW)

Traders sold shares of Charles Schwab Corp (NYSE:SCHW) on strength during trading hours on Wednesday. $63.48 million flowed into the stock on the tick-up and $133.20 million flowed out of the stock on the tick-down, for a money net flow of $69.72 million out of the stock. Of all equities tracked, Charles Schwab had the 0th highest net out-flow for the day. Charles Schwab traded up $0.56 for the day and closed at $56.09

SCHW has been the subject of several recent research reports. SunTrust Banks increased their price target on Charles Schwab to $56.00 and gave the company an “average” rating in a research report on Friday, December 15th. They noted that the move was a valuation call. Citigroup reissued a “buy” rating and set a $60.00 price target (up from $52.00) on shares of Charles Schwab in a research report on Tuesday, January 9th. BidaskClub cut Charles Schwab from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 17th. Credit Suisse Group reissued a “buy” rating and set a $64.00 price target (up from $55.00) on shares of Charles Schwab in a research report on Friday, January 12th. Finally, Argus increased their price target on Charles Schwab from $59.00 to $69.00 and gave the company a “buy” rating in a research report on Thursday. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $54.00.

The firm has a market capitalization of $74,090.00, a PE ratio of 34.37, a PEG ratio of 1.40 and a beta of 1.75. The company has a current ratio of 0.31, a quick ratio of 0.30 and a debt-to-equity ratio of 0.21.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.03. Charles Schwab had a return on equity of 16.31% and a net margin of 27.32%. The company had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same period last year, the firm posted $0.36 earnings per share. The business’s revenue was up 13.7% on a year-over-year basis. sell-side analysts predict that Charles Schwab Corp will post 2.35 EPS for the current fiscal year.

In other news, insider Walter W. Bettinger bought 72,510 shares of the stock in a transaction dated Tuesday, November 7th. The shares were bought at an average price of $27.21 per share, for a total transaction of $1,972,997.10. Following the completion of the purchase, the insider now owns 41,330 shares in the company, valued at $1,124,589.30. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Charles R. Schwab sold 350,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $44.65, for a total value of $15,627,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,958,531 shares of company stock valued at $93,990,901. Insiders own 12.00% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bogart Wealth LLC increased its stake in shares of Charles Schwab by 1,100.0% during the fourth quarter. Bogart Wealth LLC now owns 2,040 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 1,870 shares during the period. Zions Bancorporation increased its stake in shares of Charles Schwab by 1,545.3% during 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 during the period. Quadrant Capital Group LLC increased its stake in Charles Schwab by 31.4% during the 2nd quarter. Quadrant Capital Group LLC now owns 4,531 shares of the financial services provider’s stock worth $168,000 after acquiring an additional 1,082 shares during the period. Acadian Asset Management LLC bought a new position in Charles Schwab during the 4th quarter worth $187,000. Finally, Frontier Wealth Management LLC bought a new position in Charles Schwab during the 2nd quarter worth $210,000. Institutional investors own 79.59% of the company’s stock.

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Charles Schwab 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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