Bernard J. Clark Sells 50,444 Shares of The Charles Schwab Corporation (SCHW) Stock

The Charles Schwab Corporation (NYSE:SCHW) EVP Bernard J. Clark sold 50,444 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $50.52, for a total value of $2,548,430.88. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of The Charles Schwab Corporation (NYSE SCHW) opened at $50.78 on Wednesday. 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 firm has a market capitalization of $69,030.00, a price-to-earnings ratio of 31.73, a price-to-earnings-growth ratio of 2.11 and a beta of 1.74. The Charles Schwab Corporation has a twelve month low of $37.16 and a twelve month high of $51.89.

The Charles Schwab (NYSE:SCHW) last posted its earnings results on Wednesday, October 18th. The financial services provider reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.01. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.18 billion. The Charles Schwab had a return on equity of 15.77% and a net margin of 27.30%. The Charles Schwab’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.35 earnings per share. equities research analysts forecast that The Charles Schwab Corporation will post 1.62 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 24th. Shareholders of record on Friday, November 10th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend was Thursday, November 9th. The Charles Schwab’s dividend payout ratio (DPR) is 20.51%.

A number of brokerages recently weighed in on SCHW. Credit Suisse Group began coverage on The Charles Schwab in a report on Thursday, November 30th. They set an “outperform” rating and a $55.00 price objective on the stock. Barclays upped their price objective on The Charles Schwab from $48.00 to $51.00 and gave the stock an “overweight” rating in a report on Tuesday, October 10th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $47.00 price objective on shares of The Charles Schwab in a report on Friday, September 15th. Deutsche Bank upped their price objective on The Charles Schwab from $46.00 to $47.00 and gave the stock a “hold” rating in a report on Wednesday, October 25th. Finally, BidaskClub raised The Charles Schwab from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 10th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $47.56.

Institutional investors have recently bought and sold shares of the business. Lowe Brockenbrough & Co. Inc. boosted its stake in shares of The Charles Schwab by 0.9% during the second quarter. Lowe Brockenbrough & Co. Inc. now owns 6,770 shares of the financial services provider’s stock valued at $291,000 after acquiring an additional 62 shares during the last quarter. Summit Asset Management LLC boosted its stake in shares of The Charles Schwab by 0.6% during the second quarter. Summit Asset Management LLC now owns 12,158 shares of the financial services provider’s stock valued at $522,000 after acquiring an additional 70 shares during the last quarter. Ballentine Partners LLC boosted its stake in shares of The Charles Schwab by 0.7% during the second quarter. Ballentine Partners LLC now owns 12,689 shares of the financial services provider’s stock valued at $544,000 after acquiring an additional 93 shares during the last quarter. Ironwood Investment Management LLC boosted its stake in shares of The Charles Schwab by 1.3% during the second quarter. Ironwood Investment Management LLC now owns 8,122 shares of the financial services provider’s stock valued at $349,000 after acquiring an additional 103 shares during the last quarter. Finally, Aviance Capital Partners LLC boosted its stake in shares of The Charles Schwab by 0.3% during the second quarter. Aviance Capital Partners LLC now owns 36,418 shares of the financial services provider’s stock valued at $1,565,000 after acquiring an additional 113 shares during the last quarter. 79.84% of the stock is currently owned by institutional investors.

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About The Charles Schwab

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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