The Charles Schwab Corporation (NYSE:SCHW) Chairman Charles R. Schwab sold 225,000 shares of the stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $44.89, for a total transaction of $10,100,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of The Charles Schwab Corporation (NYSE:SCHW) traded up 1.62% on Tuesday, hitting $45.19. 8,614,602 shares of the stock were exchanged. The stock’s 50-day moving average is $42.60 and its 200-day moving average is $41.23. The stock has a market cap of $60.51 billion, a price-to-earnings ratio of 28.78 and a beta of 1.68. The Charles Schwab Corporation has a 1-year low of $30.66 and a 1-year high of $46.21.

The Charles Schwab Corporation (NYSE:SCHW) last announced its earnings results on Wednesday, October 18th. The financial services provider reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.18 billion. The Charles Schwab Corporation had a net margin of 27.30% and a return on equity of 16.07%. The Charles Schwab Corporation’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period last year, the firm posted $0.35 earnings per share. Analysts forecast that The Charles Schwab Corporation will post $1.62 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Friday, November 10th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Thursday, November 9th. The Charles Schwab Corporation’s dividend payout ratio (DPR) is presently 20.51%.

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Several institutional investors have recently modified their holdings of the company. WealthTrust Arizona LLC boosted its holdings 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 buying an additional 29 shares in the last quarter. Lowe Brockenbrough & Co. Inc. raised 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 worth $291,000 after purchasing an additional 62 shares during the last quarter. Norway Savings Bank raised 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 worth $412,000 after purchasing an additional 63 shares during the last quarter. Atria Investments LLC raised 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 worth $645,000 after purchasing an additional 65 shares during the last quarter. Finally, Guardian Life Insurance Co. of America raised 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 worth $191,000 after purchasing an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 79.46% of the company’s stock.

Several equities research analysts have weighed in on the stock. Nomura lowered shares of The Charles Schwab Corporation from a “buy” rating to a “neutral” rating in a report on Monday, July 24th. Instinet reiterated a “neutral” rating and issued a $43.00 target price (down from $46.00) on shares of The Charles Schwab Corporation in a report on Monday, July 24th. BidaskClub lowered shares of The Charles Schwab Corporation from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Morgan Stanley reiterated an “overweight” rating and issued a $51.00 target price (up from $48.00) on shares of The Charles Schwab Corporation in a report on Tuesday, July 25th. Finally, Argus restated a “buy” rating and set a $48.00 price objective (up from $46.00) on shares of The Charles Schwab Corporation in a report on Friday, July 21st. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $46.80.

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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