The Charles Schwab Corporation (NYSE:SCHW) Director Nancy H. Bechtle sold 23,207 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $43.03, for a total value of $998,597.21. Following the completion of the sale, the director now owns 4,754 shares in the company, valued at $204,564.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

The Charles Schwab Corporation (NYSE:SCHW) traded down 0.53% during mid-day trading on Monday, hitting $42.88. The stock had a trading volume of 2,673,226 shares. The Charles Schwab Corporation has a one year low of $29.00 and a one year high of $44.10. The stock has a market cap of $57.37 billion, a P/E ratio of 28.78 and a beta of 1.63. The company has a 50 day moving average price of $42.64 and a 200 day moving average price of $40.97.

The Charles Schwab Corporation (NYSE:SCHW) last issued its earnings results on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.39. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.13 billion. The Charles Schwab Corporation had a net margin of 26.73% and a return on equity of 15.69%. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.30 EPS. On average, equities analysts anticipate that The Charles Schwab Corporation will post $1.61 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, August 11th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.75%. The Charles Schwab Corporation’s dividend payout ratio (DPR) is presently 21.48%.

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SCHW has been the topic of several analyst reports. Citigroup Inc. reiterated a “buy” rating and issued a $43.00 price objective (down from $45.00) on shares of The Charles Schwab Corporation in a research note on Saturday, April 22nd. Keefe, Bruyette & Woods set a $44.00 price objective on The Charles Schwab Corporation and gave the company a “buy” rating in a research note on Monday, April 10th. Deutsche Bank AG reduced their price objective on The Charles Schwab Corporation from $45.00 to $44.00 and set a “buy” rating on the stock in a research note on Monday, April 24th. Wells Fargo & Company reiterated a “market perform” rating and issued a $44.00 price objective (up from $42.00) on shares of The Charles Schwab Corporation in a research note on Monday, June 12th. Finally, Morgan Stanley restated an “overweight” rating and issued a $48.00 price target (up from $45.00) on shares of The Charles Schwab Corporation in a research note on Monday, July 10th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $44.00.

Several large investors have recently modified their holdings of SCHW. Usca Ria LLC raised its stake in shares of The Charles Schwab Corporation by 1.2% in the second quarter. Usca Ria LLC now owns 16,578 shares of the financial services provider’s stock worth $712,000 after buying an additional 200 shares during the period. Parallel Advisors LLC raised its stake in shares of The Charles Schwab Corporation by 18.6% in the second quarter. Parallel Advisors LLC now owns 6,699 shares of the financial services provider’s stock worth $287,000 after buying an additional 1,049 shares during the period. Paradigm Asset Management Co. LLC raised its stake in shares of The Charles Schwab Corporation by 4.7% in the second quarter. Paradigm Asset Management Co. LLC now owns 4,450 shares of the financial services provider’s stock worth $191,000 after buying an additional 200 shares during the period. Reilly Herbert Faulkner III raised its stake in shares of The Charles Schwab Corporation by 3.4% in the second quarter. Reilly Herbert Faulkner III now owns 110,935 shares of the financial services provider’s stock worth $4,766,000 after buying an additional 3,678 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of The Charles Schwab Corporation by 72.3% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 44,196 shares of the financial services provider’s stock worth $1,899,000 after buying an additional 18,545 shares during the period. Institutional investors and hedge funds own 79.41% of the company’s stock.

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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