The Charles Schwab Corporation (SCHW) Chairman Sells $15,085,000.00 in Stock

The Charles Schwab Corporation (NYSE:SCHW) Chairman Charles R. Schwab sold 350,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $43.10, for a total transaction of $15,085,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of The Charles Schwab Corporation (SCHW) traded down 0.40% on Friday, hitting $39.51. The stock had a trading volume of 6,571,943 shares. The firm has a market cap of $52.91 billion, a P/E ratio of 26.52 and a beta of 1.63. The Charles Schwab Corporation has a 12-month low of $29.86 and a 12-month high of $44.10. The company’s 50-day moving average price is $42.40 and its 200 day moving average price is $40.98.

The Charles Schwab Corporation (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.39. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.13 billion. The Charles Schwab Corporation had a return on equity of 15.41% and a net margin of 26.73%. The company’s revenue was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 earnings per share. On average, equities research analysts forecast that The Charles Schwab Corporation will post $1.61 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, August 11th will be issued a $0.08 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $0.32 annualized dividend and a dividend yield of 0.81%. The Charles Schwab Corporation’s dividend payout ratio (DPR) is 21.48%.

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Several research firms have recently weighed in on SCHW. Nomura downgraded The Charles Schwab Corporation from a “buy” rating to a “neutral” rating in a report on Monday, July 24th. BidaskClub raised The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Instinet reissued a “neutral” rating and issued a $43.00 price objective (down from $46.00) on shares of The Charles Schwab Corporation in a report on Monday, July 24th. Argus reissued a “buy” rating and issued a $48.00 price objective (up from $46.00) on shares of The Charles Schwab Corporation in a report on Friday, July 21st. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $48.00 price target on shares of The Charles Schwab Corporation in a report on Wednesday, May 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $44.00.

Several large investors have recently made changes to their positions in SCHW. WealthTrust Arizona LLC raised its stake 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 buying an additional 29 shares during the period. Lowe Brockenbrough & Co. Inc. raised its stake in shares of The Charles Schwab Corporation by 0.9% in the second quarter. Lowe Brockenbrough & Co. Inc. now owns 6,770 shares of the financial services provider’s stock worth $291,000 after buying an additional 62 shares during the period. Norway Savings Bank raised its stake in shares of The Charles Schwab Corporation by 0.7% in the second quarter. Norway Savings Bank now owns 9,583 shares of the financial services provider’s stock worth $412,000 after buying an additional 63 shares during the period. Atria Investments LLC raised its stake in shares of The Charles Schwab Corporation by 0.4% in the second quarter. Atria Investments LLC now owns 15,025 shares of the financial services provider’s stock worth $645,000 after buying an additional 65 shares during the period. Finally, Mitchell Sinkler & Starr PA raised its stake in shares of The Charles Schwab Corporation by 0.6% in the first quarter. Mitchell Sinkler & Starr PA now owns 11,960 shares of the financial services provider’s stock worth $488,000 after buying an additional 70 shares during the period. 79.45% of the stock is currently owned by institutional investors.

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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