Charles Schwab Corp major shareholder Charles R. Schwab Sells 487,466 Shares (SCHW)
Charles Schwab Corp (NASDAQ:SCHW) major shareholder Charles R. Schwab sold 487,466 shares of the stock on the open market in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $27.45, for a total value of $13,380,941.70. Following the completion of the sale, the insider now directly owns 797,448 shares in the company, valued at approximately $21,889,948. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of Charles Schwab Corp (NASDAQ:SCHW) traded down 0.22% on Monday, hitting $27.75. The stock had a trading volume of 4,731,508 shares. Charles Schwab Corp has a 52 week low of $20.44 and a 52 week high of $29.13. The stock has a 50-day moving average of $26.7 and a 200-day moving average of $26.30. The company has a market cap of $36.107 billion and a P/E ratio of 31.97.
Charles Schwab Corp (NASDAQ:SCHW) last issued its quarterly earnings data on Wednesday, July 16th. The company reported $0.23 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.23. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis. Analysts expect that Charles Schwab Corp will post $0.96 EPS for the current fiscal year.
SCHW has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Charles Schwab Corp in a research note on Thursday. They now have a $29.00 price target on the stock. Separately, analysts at Jefferies Group initiated coverage on shares of Charles Schwab Corp in a research note on Monday, July 14th. They set a “buy” rating and a $35.00 price target on the stock. Finally, analysts at Raymond James upgraded shares of Charles Schwab Corp from an “underperform” rating to a “market perform” rating in a research note on Monday, July 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $29.00.
The Charles Schwab Corporation (NASDAQ:SCHW) is a savings and loan holding company.
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