The Charles Schwab Corporation (NYSE:SCHW) EVP Terri R. Kallsen sold 1,981 shares of The Charles Schwab Corporation stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $44.18, for a total transaction of $87,520.58. Following the completion of the transaction, the executive vice president now directly owns 5,212 shares in the company, valued at approximately $230,266.16. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

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

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Several research analysts have commented on SCHW shares. Argus reiterated a “buy” rating and issued a $48.00 target price (up from $46.00) on shares of The Charles Schwab Corporation in a report on Friday, July 21st. 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. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $47.00 target price on shares of The Charles Schwab Corporation in a report on Friday, September 15th. BidaskClub upgraded shares of The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Finally, Deutsche Bank AG cut shares of The Charles Schwab Corporation from a “buy” rating to a “hold” rating and raised their target price for the stock from $40.00 to $43.00 in a report on Tuesday, July 11th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $47.07.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SCHW. BlackRock Inc. boosted its holdings in shares of The Charles Schwab Corporation by 1,921.5% in the 1st quarter. BlackRock Inc. now owns 71,876,119 shares of the financial services provider’s stock valued at $2,933,263,000 after buying an additional 68,320,480 shares during the last quarter. Capital Research Global Investors boosted its holdings in shares of The Charles Schwab Corporation by 86.3% in the 2nd quarter. Capital Research Global Investors now owns 24,237,199 shares of the financial services provider’s stock valued at $1,041,230,000 after buying an additional 11,224,199 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of The Charles Schwab Corporation by 1,766.9% in the 2nd quarter. Janus Henderson Group PLC now owns 9,357,736 shares of the financial services provider’s stock valued at $402,011,000 after buying an additional 8,856,483 shares during the last quarter. FMR LLC boosted its holdings in shares of The Charles Schwab Corporation by 11.3% in the 2nd quarter. FMR LLC now owns 30,766,004 shares of the financial services provider’s stock valued at $1,321,708,000 after buying an additional 3,128,532 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of The Charles Schwab Corporation by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 79,388,639 shares of the financial services provider’s stock valued at $3,239,850,000 after buying an additional 3,063,203 shares during the last quarter. 79.49% of the stock is owned by institutional investors.

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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