The Charles Schwab Corporation (NYSE:SCHW) EVP Terri R. Kallsen sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $38.99, for a total value of $38,990.00. Following the completion of the sale, the executive vice president now directly owns 5,212 shares in the company, valued at approximately $203,215.88. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

The Charles Schwab Corporation (NYSE:SCHW) traded down 1.95% during midday trading on Thursday, hitting $38.17. The stock had a trading volume of 3,514,370 shares. The stock’s 50-day moving average is $41.13 and its 200-day moving average is $40.89. The company has a market cap of $51.11 billion, a P/E ratio of 25.62 and a beta of 1.64. The Charles Schwab Corporation has a one year low of $29.86 and a one year high of $44.10.

The Charles Schwab Corporation (NYSE:SCHW) last issued its earnings results on Tuesday, July 18th. The financial services provider reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. The company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.13 billion. The Charles Schwab Corporation had a net margin of 26.73% and a return on equity of 15.41%. The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS. Equities analysts predict that The Charles Schwab Corporation will post $1.61 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Friday, August 11th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Wednesday, August 9th. The Charles Schwab Corporation’s payout ratio is 21.48%.

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Several analysts recently issued reports on the company. 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 target (down previously from $46.00) on shares of The Charles Schwab Corporation in a report on Monday, July 24th. Jefferies Group LLC reissued a “buy” rating and issued a $48.00 price target on shares of The Charles Schwab Corporation in a report on Wednesday, May 31st. Finally, Argus restated a “buy” rating and issued a $48.00 target price (up from $46.00) on shares of The Charles Schwab Corporation in a research report on Friday, July 21st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $44.00.

Institutional investors have recently modified their holdings of the business. WealthTrust Arizona LLC raised its position in shares of The Charles Schwab Corporation by 1.2% during the 2nd quarter. WealthTrust Arizona LLC now owns 2,466 shares of the financial services provider’s stock valued at $106,000 after acquiring an additional 29 shares during the last quarter. YorkBridge Wealth Partners LLC raised its position in shares of The Charles Schwab Corporation by 9.6% during the 1st quarter. YorkBridge Wealth Partners LLC now owns 3,267 shares of the financial services provider’s stock valued at $131,000 after acquiring an additional 287 shares during the last quarter. Shine Investment Advisory Services Inc. bought a new stake in shares of The Charles Schwab Corporation during the 2nd quarter valued at $145,000. FTB Advisors Inc. raised its position in shares of The Charles Schwab Corporation by 365.8% during the 1st quarter. FTB Advisors Inc. now owns 3,852 shares of the financial services provider’s stock valued at $151,000 after acquiring an additional 3,025 shares during the last quarter. Finally, Founders Capital Management bought a new stake in shares of The Charles Schwab Corporation during the 1st quarter valued at $159,000. Institutional investors own 79.60% 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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