The Charles Schwab Corporation (SCHW) EVP Sells $87,520.58 in Stock

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

The Charles Schwab Corporation (SCHW) opened at $44.82 on Friday. The Charles Schwab Corporation has a 1 year low of $30.66 and a 1 year high of $46.21. The company has a market capitalization of $60,019.31, a P/E ratio of 28.73, a P/E/G ratio of 1.90 and a beta of 1.74. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.31 and a current ratio of 0.32.

The Charles Schwab Corporation (NYSE:SCHW) last announced its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.42 EPS for the quarter, topping the Zacks’ consensus estimate 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 for the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter last year, the business posted $0.35 earnings per share. The firm’s revenue was up 13.1% compared to the same quarter last year. analysts forecast that The Charles Schwab Corporation will post 1.62 EPS for the current year.

The business 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 dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.32 dividend on an annualized basis and a yield of 0.71%. The Charles Schwab Corporation’s payout ratio is 20.51%.

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Institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. lifted its position in The Charles Schwab Corporation by 19.4% during the second quarter. American Century Companies Inc. now owns 4,139,650 shares of the financial services provider’s stock worth $177,839,000 after buying an additional 673,011 shares in the last quarter. Principal Financial Group Inc. lifted its position in The Charles Schwab Corporation by 17.3% during the second quarter. Principal Financial Group Inc. now owns 3,100,144 shares of the financial services provider’s stock worth $133,182,000 after buying an additional 457,591 shares in the last quarter. Cubist Systematic Strategies LLC lifted its position in The Charles Schwab Corporation by 317.6% during the second quarter. Cubist Systematic Strategies LLC now owns 51,701 shares of the financial services provider’s stock worth $2,221,000 after buying an additional 39,321 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in The Charles Schwab Corporation by 1.6% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,417,577 shares of the financial services provider’s stock worth $103,859,000 after buying an additional 38,306 shares in the last quarter. Finally, CIBC World Markets Inc. purchased a new position in The Charles Schwab Corporation during the second quarter worth approximately $282,000. Hedge funds and other institutional investors own 79.49% of the company’s stock.

A number of brokerages have issued reports on SCHW. Morgan Stanley reiterated an “overweight” rating and set a $48.00 price target (up previously from $45.00) on shares of The Charles Schwab Corporation in a research report on Monday, July 10th. Barclays PLC increased their price target on The Charles Schwab Corporation from $48.00 to $51.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 10th. Instinet reiterated a “neutral” rating and set a $43.00 price target (down previously from $46.00) on shares of The Charles Schwab Corporation in a research report on Monday, July 24th. Argus reiterated a “buy” rating and set a $48.00 price target (up previously from $46.00) on shares of The Charles Schwab Corporation in a research report on Friday, July 21st. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $47.00 price target on shares of The Charles Schwab Corporation in a research report on Friday, September 15th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $47.07.

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.

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