The Charles Schwab Corporation (SCHW) Insider Sells $7,812,805.00 in Stock

The Charles Schwab Corporation (NYSE:SCHW) insider Walter W. Bettinger sold 156,100 shares of The Charles Schwab stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $50.05, for a total value of $7,812,805.00. Following the transaction, the insider now owns 433,564 shares of the company’s stock, valued at $21,699,878.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of The Charles Schwab Corporation (SCHW) opened at $50.54 on Thursday. The stock has a market capitalization of $69,106.70, a price-to-earnings ratio of 33.04, a P/E/G ratio of 2.19 and a beta of 1.74. The Charles Schwab Corporation has a one year low of $37.16 and a one year high of $51.89. The company has a quick ratio of 0.30, a current ratio of 0.31 and a debt-to-equity ratio of 0.21.

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

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

Several brokerages have recently commented on SCHW. Credit Suisse Group began coverage on The Charles Schwab in a research note on Thursday, November 30th. They set an “outperform” rating and a $55.00 target price for the company. Barclays lifted their target price on The Charles Schwab from $48.00 to $51.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 10th. BidaskClub upgraded The Charles Schwab from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 10th. Deutsche Bank lifted their target price on The Charles Schwab from $46.00 to $47.00 and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Finally, Morgan Stanley lifted their target price on The Charles Schwab from $51.00 to $53.00 and gave the stock an “overweight” rating in a research note on Thursday, October 5th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $47.56.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. boosted its stake in The Charles Schwab by 19.4% in the 2nd quarter. American Century Companies Inc. now owns 4,139,650 shares of the financial services provider’s stock valued at $177,839,000 after purchasing an additional 673,011 shares during the period. Principal Financial Group Inc. raised its holdings in The Charles Schwab by 17.3% in the 2nd quarter. Principal Financial Group Inc. now owns 3,100,144 shares of the financial services provider’s stock valued at $133,182,000 after acquiring an additional 457,591 shares in the last quarter. Cubist Systematic Strategies LLC raised its holdings in The Charles Schwab by 317.6% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 51,701 shares of the financial services provider’s stock valued at $2,221,000 after acquiring an additional 39,321 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its holdings in The Charles Schwab by 1.6% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,417,577 shares of the financial services provider’s stock valued at $103,859,000 after acquiring an additional 38,306 shares in the last quarter. Finally, CIBC World Markets Inc. acquired a new position in The Charles Schwab in the 2nd quarter valued at $282,000. Institutional investors and hedge funds own 79.84% of the company’s stock.

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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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