The Charles Schwab Corporation (NYSE:SCHW) insider Marie A. Chandoha sold 7,793 shares of The Charles Schwab Corporation stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $45.01, for a total transaction of $350,762.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

The Charles Schwab Corporation (NYSE:SCHW) traded up 2.03% during mid-day trading on Thursday, hitting $45.18. 7,001,352 shares of the company were exchanged. The company has a 50 day moving average of $40.79 and a 200 day moving average of $40.83. The stock has a market cap of $60.50 billion, a P/E ratio of 30.32 and a beta of 1.68. The Charles Schwab Corporation has a 12-month low of $30.66 and a 12-month high of $45.29.

The Charles Schwab Corporation (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.39. The business had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.13 billion. The Charles Schwab Corporation had a net margin of 26.73% and a return on equity of 15.41%. The Charles Schwab Corporation’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same period last year, the company posted $0.30 EPS. On average, equities research analysts expect that The Charles Schwab Corporation will post $1.62 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of SCHW. BlackRock Inc. increased its stake in The Charles Schwab Corporation by 1,921.5% during the 1st quarter. BlackRock Inc. now owns 71,876,119 shares of the financial services provider’s stock worth $2,933,263,000 after purchasing an additional 68,320,480 shares in the last quarter. Capital Research Global Investors increased its stake in The Charles Schwab Corporation by 86.3% during the 2nd quarter. Capital Research Global Investors now owns 24,237,199 shares of the financial services provider’s stock worth $1,041,230,000 after purchasing an additional 11,224,199 shares in the last quarter. Janus Henderson Group PLC increased its stake in The Charles Schwab Corporation by 1,766.9% during the 2nd quarter. Janus Henderson Group PLC now owns 9,357,736 shares of the financial services provider’s stock worth $402,011,000 after purchasing an additional 8,856,483 shares in the last quarter. Findlay Park Partners LLP bought a new stake in The Charles Schwab Corporation during the 1st quarter worth approximately $218,669,000. Finally, FMR LLC increased its stake in The Charles Schwab Corporation by 18.2% during the 1st quarter. FMR LLC now owns 27,637,472 shares of the financial services provider’s stock worth $1,127,886,000 after purchasing an additional 4,259,181 shares in the last quarter. 79.53% of the stock is owned by institutional investors and hedge funds.

Several analysts recently weighed in on SCHW shares. William Blair reiterated an “outperform” rating on shares of The Charles Schwab Corporation in a research report on Friday, June 16th. Deutsche Bank AG cut their price objective on shares of The Charles Schwab Corporation from $47.00 to $46.00 and set a “buy” rating on the stock in a research report on Tuesday, July 4th. BidaskClub downgraded shares of The Charles Schwab Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Jefferies Group LLC reiterated a “buy” rating and issued a $49.00 price objective on shares of The Charles Schwab Corporation in a research report on Friday, September 15th. Finally, Morgan Stanley lifted their price objective on shares of The Charles Schwab Corporation from $51.00 to $53.00 and gave the company an “overweight” rating in a research report on Thursday. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $45.69.

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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