The Charles Schwab Corporation (NYSE:SCHW) insider Walter W. Bettinger acquired 72,510 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were bought at an average cost of $27.21 per share, with a total value of $1,972,997.10. Following the completion of the acquisition, the insider now directly owns 41,330 shares in the company, valued at approximately $1,124,589.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

The Charles Schwab Corporation (NYSE:SCHW) opened at $44.27 on Friday. The Charles Schwab Corporation has a 52-week low of $34.85 and a 52-week high of $46.21. The stock has a market cap of $58,985.35, a PE ratio of 28.20, a price-to-earnings-growth ratio of 1.87 and a beta of 1.74. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.31 and a quick ratio of 0.31.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Friday, November 10th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Thursday, November 9th. The Charles Schwab Corporation’s payout ratio is 20.51%.

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Several hedge funds have recently added to or reduced their stakes in SCHW. WealthTrust Arizona LLC increased its position in shares of The Charles Schwab Corporation by 1.2% in the second quarter. WealthTrust Arizona LLC now owns 2,466 shares of the financial services provider’s stock valued at $106,000 after acquiring an additional 29 shares during the period. Shine Investment Advisory Services Inc. purchased a new position in shares of The Charles Schwab Corporation during the second quarter valued at about $145,000. Fiduciary Trust Co. purchased a new position in shares of The Charles Schwab Corporation during the second quarter valued at about $163,000. Quadrant Capital Group LLC increased its position in shares of The Charles Schwab Corporation by 31.4% during the second quarter. Quadrant Capital Group LLC now owns 4,531 shares of the financial services provider’s stock valued at $168,000 after buying an additional 1,082 shares during the period. Finally, Founders Capital Management increased its position in shares of The Charles Schwab Corporation by 7.7% during the second quarter. Founders Capital Management now owns 4,200 shares of the financial services provider’s stock valued at $180,000 after buying an additional 300 shares during the period. Hedge funds and other institutional investors own 79.56% of the company’s stock.

A number of analysts have recently issued reports on SCHW shares. BidaskClub raised shares of The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $47.00 price objective on shares of The Charles Schwab Corporation in a report on Friday, September 15th. Jefferies Group LLC reaffirmed a “buy” rating and set a $49.00 price objective on shares of The Charles Schwab Corporation in a report on Friday, September 15th. Argus reaffirmed a “buy” rating and set a $48.00 price objective (up from $46.00) on shares of The Charles Schwab Corporation in a report on Friday, July 21st. Finally, Deutsche Bank AG lifted their price objective on shares of The Charles Schwab Corporation from $46.00 to $47.00 and gave the stock a “hold” rating in a report on Wednesday, October 25th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $47.07.

About The Charles Schwab Corporation

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.

Insider Buying and Selling by Quarter for The Charles Schwab Corporation (NYSE:SCHW)

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