Charles Schwab Corp (NYSE:SCHW) was the target of unusually large options trading on Wednesday. Traders acquired 19,789 put options on the stock. This is an increase of approximately 963% compared to the typical daily volume of 1,861 put options.

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

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

SCHW has been the topic of several research reports. Zacks Investment Research upgraded Charles Schwab from a “hold” rating to a “strong-buy” rating and set a $60.00 target price on the stock in a research note on Friday, January 5th. Wells Fargo & Co restated a “market perform” rating and issued a $55.00 target price (up from $47.00) on shares of Charles Schwab in a research note on Thursday, January 4th. SunTrust Banks restated a “buy” rating and issued a $63.00 target price (up from $56.00) on shares of Charles Schwab in a research note on Tuesday, December 26th. Morgan Stanley boosted their target price on Charles Schwab from $51.00 to $53.00 and gave the company an “overweight” rating in a research note on Thursday, October 5th. Finally, Barclays boosted their target price on Charles Schwab from $48.00 to $51.00 and gave the company an “overweight” rating in a research note on Tuesday, October 10th. Seven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $54.00.

In other Charles Schwab news, CFO Peter B. Crawford sold 1,063 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $44.64, for a total value of $47,452.32. Following the transaction, the chief financial officer now owns 11,302 shares of the company’s stock, valued at $504,521.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Marie A. Chandoha sold 7,000 shares of the business’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $45.59, for a total value of $319,130.00. The disclosure for this sale can be found here. In the last three months, insiders sold 1,958,531 shares of company stock worth $93,990,901. Insiders own 12.00% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Alpine Global Management LLC raised its stake in shares of Charles Schwab by 2.9% during the 2nd quarter. Alpine Global Management LLC now owns 6,900 shares of the financial services provider’s stock valued at $296,000 after purchasing an additional 193 shares during the period. Oppenheimer & Co. Inc. raised its stake in shares of Charles Schwab by 3.2% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 7,370 shares of the financial services provider’s stock valued at $316,000 after purchasing an additional 226 shares during the period. HCR Wealth Advisors raised its stake in shares of Charles Schwab by 6.0% during the 2nd quarter. HCR Wealth Advisors now owns 6,181 shares of the financial services provider’s stock valued at $266,000 after purchasing an additional 348 shares during the period. People s United Financial Inc. raised its stake in shares of Charles Schwab by 0.6% during the 2nd quarter. People s United Financial Inc. now owns 71,712 shares of the financial services provider’s stock valued at $3,080,000 after purchasing an additional 402 shares during the period. Finally, Wilbanks Smith & Thomas Asset Management LLC raised its stake in shares of Charles Schwab by 0.6% during the 2nd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 81,938 shares of the financial services provider’s stock valued at $3,520,000 after purchasing an additional 457 shares during the period. Institutional investors own 79.59% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Charles Schwab Sees Unusually Large Options Volume (SCHW)” was first published by Watch List News and is the sole property of of Watch List News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of US & international copyright & trademark laws. The correct version of this piece can be read at https://www.watchlistnews.com/charles-schwab-sees-unusually-large-options-volume-schw/1814763.html.

About 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.

Receive News & Ratings for Charles Schwab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charles Schwab and related companies with MarketBeat.com's FREE daily email newsletter.