Charles Schwab Corp (NYSE:SCHW) Chairman Charles R. Schwab sold 300,000 shares of the company’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $55.31, for a total value of $16,593,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Charles Schwab Corp (SCHW) traded down $0.76 during mid-day trading on Thursday, reaching $55.33. The company’s stock had a trading volume of 5,840,000 shares, compared to its average volume of 6,520,000. Charles Schwab Corp has a 1-year low of $37.16 and a 1-year high of $56.25. 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 stock has a market cap of $74,090.00, a price-to-earnings ratio of 35.47, a PEG ratio of 1.39 and a beta of 1.75.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.03. Charles Schwab had a return on equity of 15.77% and a net margin of 27.30%. The business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the prior year, the business posted $0.36 EPS. Charles Schwab’s revenue for the quarter was up 13.7% compared to the same quarter last year. equities analysts anticipate that Charles Schwab Corp will post 1.61 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of Charles Schwab by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 81,925,586 shares of the financial services provider’s stock valued at $3,519,523,000 after purchasing an additional 2,536,947 shares during the last quarter. FMR LLC boosted its holdings in shares of Charles Schwab by 11.3% during 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 purchasing an additional 3,128,532 shares during the last quarter. Capital Research Global Investors boosted its holdings in shares of Charles Schwab by 86.3% during 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 purchasing an additional 11,224,199 shares during the last quarter. Edgewood Management LLC boosted its holdings in shares of Charles Schwab by 8.4% during the 3rd quarter. Edgewood Management LLC now owns 20,125,345 shares of the financial services provider’s stock valued at $880,283,000 after purchasing an additional 1,559,733 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Charles Schwab by 8.8% during the 2nd quarter. Northern Trust Corp now owns 16,795,035 shares of the financial services provider’s stock valued at $721,515,000 after purchasing an additional 1,361,516 shares during the last quarter. 79.59% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently commented on SCHW. Argus upped their price objective on Charles Schwab from $59.00 to $69.00 and gave the stock a “buy” rating in a research note on Thursday. Credit Suisse Group restated a “positive” rating and issued a $70.00 price objective (up from $64.00) on shares of Charles Schwab in a research note on Thursday. Nomura reiterated a “neutral” rating and issued a $54.00 price target (up previously from $50.00) on shares of Charles Schwab in a research note on Thursday. Citigroup reiterated a “buy” rating and issued a $60.00 price target (up previously from $52.00) on shares of Charles Schwab in a research note on Tuesday, January 9th. Finally, JMP Securities lowered Charles Schwab from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 3rd. Six analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Charles Schwab presently has a consensus rating of “Buy” and an average price target of $54.00.

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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.

Insider Buying and Selling by Quarter for Charles Schwab (NYSE:SCHW)

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