Charles Schwab Sees Unusually Large Options Volume (SCHW)

Charles Schwab Corp (NYSE:SCHW) was the recipient of some unusual options trading on Wednesday. Investors bought 19,789 put options on the company. This is an increase of 963% compared to the average volume of 1,861 put options.

In other news, EVP Bernard J. Clark sold 50,444 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $50.52, for a total transaction of $2,548,430.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Charles R. Schwab sold 300,000 shares of the firm’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $55.31, for a total value of $16,593,000.00. The disclosure for this sale can be found here. Insiders have sold 1,958,531 shares of company stock worth $93,990,901 over the last three months. Insiders own 12.00% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in Charles Schwab by 3.2% in the second quarter. Vanguard Group Inc. now owns 81,925,586 shares of the financial services provider’s stock valued at $3,519,523,000 after acquiring an additional 2,536,947 shares during the period. FMR LLC grew its stake in Charles Schwab by 11.3% in the second quarter. FMR LLC now owns 30,766,004 shares of the financial services provider’s stock valued at $1,321,708,000 after acquiring an additional 3,128,532 shares during the period. Capital Research Global Investors grew its stake in Charles Schwab by 86.3% in the second 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 acquiring an additional 11,224,199 shares during the period. Edgewood Management LLC boosted its position in shares of Charles Schwab by 8.4% during the third quarter. Edgewood Management LLC now owns 20,125,345 shares of the financial services provider’s stock valued at $880,283,000 after buying an additional 1,559,733 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of Charles Schwab by 8.8% during the second quarter. Northern Trust Corp now owns 16,795,035 shares of the financial services provider’s stock valued at $721,515,000 after buying an additional 1,361,516 shares during the last quarter. 79.59% of the stock is owned by hedge funds and other institutional investors.

Shares of Charles Schwab (SCHW) opened at $55.48 on Friday. The firm has a market capitalization of $74,290.00, a P/E ratio of 34.46, a price-to-earnings-growth ratio of 1.40 and a beta of 1.75. The company has a quick ratio of 0.30, a current ratio of 0.31 and a debt-to-equity ratio of 0.21. Charles Schwab has a 1-year low of $37.16 and a 1-year high of $56.25.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Wednesday, January 17th. The financial services provider reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.03. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.24 billion. Charles Schwab had a return on equity of 16.31% and a net margin of 27.32%. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.36 earnings per share. equities analysts anticipate that Charles Schwab will post 2.35 EPS for the current year.

A number of equities analysts have recently issued reports on SCHW shares. Credit Suisse Group started coverage on Charles Schwab in a research report on Thursday, November 30th. They set an “outperform” rating and a $55.00 price objective for the company. Deutsche Bank raised their price objective on Charles Schwab from $46.00 to $47.00 and gave the stock a “hold” rating in a research report on Wednesday, October 25th. SunTrust Banks raised their price objective on Charles Schwab to $56.00 and gave the stock an “average” rating in a research report on Friday, December 15th. They noted that the move was a valuation call. Morgan Stanley raised their price objective on Charles Schwab from $51.00 to $53.00 and gave the stock an “overweight” rating in a research report on Thursday, October 5th. Finally, BidaskClub upgraded Charles Schwab from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 10th. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Charles Schwab presently has a consensus rating of “Buy” and an average target price 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.

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