The Charles Schwab Corporation (NYSE:SCHW) EVP Nigel J. Murtagh sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $45.15, for a total value of $361,200.00. Following the transaction, the executive vice president now owns 15,622 shares of the company’s stock, valued at approximately $705,333.30. The transaction was disclosed in a document filed with the SEC, which is available through this link.

The Charles Schwab Corporation (NYSE SCHW) traded down 0.02% during trading on Tuesday, reaching $44.84. The company had a trading volume of 6,398,241 shares. The company’s 50-day moving average is $43.37 and its 200 day moving average is $41.46. The Charles Schwab Corporation has a 52 week low of $30.66 and a 52 week high of $46.21. The firm has a market capitalization of $60.04 billion, a price-to-earnings ratio of 28.56 and a beta of 1.68.

The Charles Schwab Corporation (NYSE:SCHW) last issued its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.01. The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.18 billion. The Charles Schwab Corporation had a return on equity of 16.07% and a net margin of 27.30%. The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.35 earnings per share. Equities analysts anticipate that The Charles Schwab Corporation will post $1.62 EPS for the current year.

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

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A number of institutional investors have recently modified their holdings of the stock. Andra AP fonden boosted its position in shares of The Charles Schwab Corporation by 32.7% during the third quarter. Andra AP fonden now owns 89,600 shares of the financial services provider’s stock worth $3,919,000 after buying an additional 22,100 shares during the period. Artemis Investment Management LLP boosted its position in shares of The Charles Schwab Corporation by 140.2% during the third quarter. Artemis Investment Management LLP now owns 655,256 shares of the financial services provider’s stock worth $28,657,000 after buying an additional 382,515 shares during the period. Canada Pension Plan Investment Board boosted its position in shares of The Charles Schwab Corporation by 2.9% during the third quarter. Canada Pension Plan Investment Board now owns 340,639 shares of the financial services provider’s stock worth $14,900,000 after buying an additional 9,491 shares during the period. Westpac Banking Corp boosted its position in shares of The Charles Schwab Corporation by 58.9% during the third quarter. Westpac Banking Corp now owns 263,384 shares of the financial services provider’s stock worth $11,520,000 after buying an additional 97,623 shares during the period. Finally, Stewart & Patten Co. LLC purchased a new position in shares of The Charles Schwab Corporation during the third quarter worth $268,000. Institutional investors own 79.49% of the company’s stock.

A number of equities analysts have recently commented on SCHW shares. Deutsche Bank AG dropped their target price on The Charles Schwab Corporation from $47.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday, July 4th. BidaskClub cut The Charles Schwab Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Jefferies Group LLC reiterated a “buy” rating and issued a $49.00 target price on shares of The Charles Schwab Corporation in a report on Friday, September 15th. Morgan Stanley lifted their target price on The Charles Schwab Corporation from $51.00 to $53.00 and gave the stock an “overweight” rating in a report on Thursday, October 5th. Finally, Citigroup Inc. started coverage on The Charles Schwab Corporation in a report on Thursday, July 13th. They issued a “neutral” rating and a $46.00 target price for the company. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The Charles Schwab Corporation presently has an average rating of “Buy” and a consensus target price of $47.07.

About The Charles Schwab Corporation

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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