The Charles Schwab Corporation (NYSE:SCHW) insider Marie A. Chandoha sold 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $44.50, for a total transaction of $200,250.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of The Charles Schwab Corporation (NYSE SCHW) traded up 0.95% during trading on Tuesday, hitting $44.46. 5,231,491 shares of the stock were exchanged. The Charles Schwab Corporation has a 12-month low of $30.66 and a 12-month high of $44.51. The stock has a market cap of $59.54 billion, a price-to-earnings ratio of 29.84 and a beta of 1.68. The stock’s 50 day moving average is $40.69 and its 200-day moving average is $40.81.

The Charles Schwab Corporation (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.39. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.13 billion. The Charles Schwab Corporation had a return on equity of 15.41% and a net margin of 26.73%. The firm’s revenue was up 16.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.30 EPS. Equities research analysts anticipate that The Charles Schwab Corporation will post $1.61 EPS for the current year.

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A number of institutional investors and hedge funds have recently modified their holdings of SCHW. American Century Companies Inc. grew its position in The Charles Schwab Corporation by 19.4% in 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 acquiring an additional 673,011 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of The Charles Schwab Corporation 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 purchasing an additional 457,591 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of The Charles Schwab Corporation 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 purchasing an additional 38,306 shares during the last quarter. Bank of Nova Scotia lifted its stake in shares of The Charles Schwab Corporation by 932.5% in the 1st quarter. Bank of Nova Scotia now owns 278,070 shares of the financial services provider’s stock valued at $11,348,000 after purchasing an additional 251,139 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of The Charles Schwab Corporation by 1.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 39,576,199 shares of the financial services provider’s stock valued at $1,700,193,000 after purchasing an additional 491,451 shares during the last quarter. 79.53% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have weighed in on SCHW. Deutsche Bank AG reduced their price target on The Charles Schwab Corporation from $47.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday, July 4th. Wells Fargo & Company restated a “market perform” rating and set a $44.00 price objective (up previously from $42.00) on shares of The Charles Schwab Corporation in a report on Monday, June 12th. BidaskClub downgraded The Charles Schwab Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, September 8th. Morgan Stanley reaffirmed an “overweight” rating and issued a $48.00 price objective (up previously from $45.00) on shares of The Charles Schwab Corporation in a research report on Monday, July 10th. Finally, Citigroup Inc. assumed coverage on The Charles Schwab Corporation in a research note on Thursday, July 13th. They issued a “neutral” rating and a $46.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $45.47.

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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