The Charles Schwab Corporation (NYSE:SCHW) CFO Peter B. Crawford sold 12,459 shares of the firm’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $51.58, for a total transaction of $642,635.22. Following the transaction, the chief financial officer now directly owns 7,652 shares of the company’s stock, valued at approximately $394,690.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of The Charles Schwab Corporation (SCHW) traded up $0.54 during midday trading on Thursday, reaching $51.08. 5,449,806 shares of the company were exchanged, compared to its average volume of 7,074,000. The Charles Schwab Corporation has a fifty-two week low of $37.16 and a fifty-two week high of $51.89. The company has a market capitalization of $68,074.45, a P/E ratio of 32.55, a PEG ratio of 2.16 and a beta of 1.74. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.31 and a quick ratio of 0.30.
The Charles Schwab (NYSE:SCHW) last announced its 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 had a net margin of 27.30% and a return on equity of 15.77%. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter last year, the firm earned $0.35 earnings per share. The Charles Schwab’s quarterly revenue was up 13.1% on a year-over-year basis. analysts anticipate that The Charles Schwab Corporation will post 1.62 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Shine Investment Advisory Services Inc. bought a new stake in The Charles Schwab in the second quarter valued at $145,000. Fiduciary Trust Co. bought a new stake in The Charles Schwab in the second quarter valued at $163,000. Zions Bancorporation increased its stake in The Charles Schwab by 1,545.3% in the third quarter. Zions Bancorporation now owns 3,817 shares of the financial services provider’s stock valued at $167,000 after purchasing an additional 3,585 shares in the last quarter. Paradigm Asset Management Co. LLC increased its stake in The Charles Schwab by 4.7% in the second quarter. Paradigm Asset Management Co. LLC now owns 4,450 shares of the financial services provider’s stock valued at $191,000 after purchasing an additional 200 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its stake in The Charles Schwab by 31.4% in the second quarter. Quadrant Capital Group LLC now owns 4,531 shares of the financial services provider’s stock valued at $168,000 after purchasing an additional 1,082 shares in the last quarter. 79.84% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently issued reports on SCHW. Credit Suisse Group began coverage on shares of The Charles Schwab in a research note on Thursday, November 30th. They set an “outperform” rating and a $55.00 price target for the company. Barclays raised their price target on shares of The Charles Schwab from $48.00 to $51.00 and gave the company an “overweight” rating in a research note on Tuesday, October 10th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $47.00 price target on shares of The Charles Schwab in a research note on Friday, September 15th. Deutsche Bank raised their price target on shares of The Charles Schwab from $46.00 to $47.00 and gave the company a “hold” rating in a research note on Wednesday, October 25th. Finally, BidaskClub raised shares of The Charles Schwab from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 10th. 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 a consensus rating of “Buy” and an average target price of $47.56.
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The Charles Schwab 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.
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