The Charles Schwab Corporation (NYSE:SCHW) EVP Terri R. Kallsen sold 1,000 shares of The Charles Schwab Corporation stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $44.36, for a total transaction of $44,360.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of The Charles Schwab Corporation (SCHW) traded down 0.40% during mid-day trading on Wednesday, hitting $44.28. 4,228,627 shares of the stock were exchanged. The company has a market capitalization of $59.30 billion, a PE ratio of 29.72 and a beta of 1.68. The Charles Schwab Corporation has a 12-month low of $30.66 and a 12-month high of $44.61. The firm has a 50-day moving average price of $40.69 and a 200 day moving average price of $40.81.

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 (EPS) for the quarter, hitting analysts’ consensus estimates of $0.39. The Charles Schwab Corporation had a return on equity of 15.41% and a net margin of 26.73%. The company had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the prior year, the business posted $0.30 EPS. The business’s revenue was up 16.5% compared to the same quarter last year. On average, equities research analysts expect that The Charles Schwab Corporation will post $1.62 earnings per share for the current year.

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Several research analysts have recently weighed in on SCHW shares. William Blair reissued an “outperform” rating on shares of The Charles Schwab Corporation in a research report on Friday, June 16th. Deutsche Bank AG reduced their price target on shares of The Charles Schwab Corporation from $47.00 to $46.00 and set a “buy” rating for the company in a research report on Tuesday, July 4th. BidaskClub lowered shares of The Charles Schwab Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $49.00 price objective on shares of The Charles Schwab Corporation in a research note on Friday, September 15th. Finally, Citigroup Inc. began coverage on shares of The Charles Schwab Corporation in a research report on Thursday, July 13th. They set a “neutral” rating and a $46.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $45.47.

Institutional investors and hedge funds have recently modified their holdings of the stock. WealthTrust Arizona LLC lifted its stake in 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 valued at $106,000 after acquiring an additional 29 shares during the last quarter. Lowe Brockenbrough & Co. Inc. grew its position in shares of The Charles Schwab Corporation by 0.9% in the 2nd quarter. Lowe Brockenbrough & Co. Inc. now owns 6,770 shares of the financial services provider’s stock valued at $291,000 after acquiring an additional 62 shares during the period. Norway Savings Bank grew its position in shares of The Charles Schwab Corporation by 0.7% in the 2nd quarter. Norway Savings Bank now owns 9,583 shares of the financial services provider’s stock valued at $412,000 after acquiring an additional 63 shares during the period. Atria Investments LLC grew its position in shares of The Charles Schwab Corporation by 0.4% in the 2nd quarter. Atria Investments LLC now owns 15,025 shares of the financial services provider’s stock valued at $645,000 after acquiring an additional 65 shares during the period. Finally, Guardian Life Insurance Co. of America grew its position in shares of The Charles Schwab Corporation by 1.5% in the 1st quarter. Guardian Life Insurance Co. of America now owns 4,692 shares of the financial services provider’s stock valued at $191,000 after acquiring an additional 70 shares during the period. Institutional investors and hedge funds own 79.53% 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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