The Charles Schwab Corporation (NYSE:SCHW) insider Marie A. Chandoha sold 7,002 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $41.96, for a total value of $293,803.92. The sale was disclosed in a filing with the SEC, which is available at this link.

Shares of The Charles Schwab Corporation (NYSE:SCHW) traded down 1.45% during mid-day trading on Wednesday, hitting $42.02. The stock had a trading volume of 5,967,236 shares. The Charles Schwab Corporation has a 1-year low of $29.23 and a 1-year high of $44.10. The firm has a market capitalization of $56.22 billion, a price-to-earnings ratio of 28.20 and a beta of 1.63. The stock’s 50-day moving average is $42.71 and its 200 day moving average is $41.02.

The Charles Schwab Corporation (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. The firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.13 billion. The Charles Schwab Corporation had a net margin of 26.73% and a return on equity of 15.69%. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 earnings per share. Equities research analysts predict that The Charles Schwab Corporation will post $1.61 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, August 11th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Wednesday, August 9th. The Charles Schwab Corporation’s payout ratio is currently 21.48%.

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A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in The Charles Schwab Corporation by 4.0% in the first quarter. Vanguard Group Inc. now owns 79,388,639 shares of the financial services provider’s stock worth $3,239,850,000 after buying an additional 3,063,203 shares during the last quarter. BlackRock Inc. increased its position in The Charles Schwab Corporation by 1,921.5% in the first quarter. BlackRock Inc. now owns 71,876,119 shares of the financial services provider’s stock worth $2,933,263,000 after buying an additional 68,320,480 shares during the last quarter. JPMorgan Chase & Co. increased its position in The Charles Schwab Corporation by 1.3% in the second quarter. JPMorgan Chase & Co. now owns 39,576,199 shares of the financial services provider’s stock worth $1,700,193,000 after buying an additional 491,451 shares during the last quarter. FMR LLC increased its position in The Charles Schwab Corporation by 18.2% in the first quarter. FMR LLC now owns 27,637,472 shares of the financial services provider’s stock worth $1,127,886,000 after buying an additional 4,259,181 shares during the last quarter. Finally, Theleme Partners LLP increased its position in The Charles Schwab Corporation by 5.6% in the first quarter. Theleme Partners LLP now owns 13,646,900 shares of the financial services provider’s stock worth $556,930,000 after buying an additional 720,000 shares during the last quarter. 79.41% of the stock is owned by institutional investors.

A number of equities research analysts recently issued reports on SCHW shares. Nomura reissued a “buy” rating and set a $46.00 price target on shares of The Charles Schwab Corporation in a research report on Tuesday, April 11th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $46.00 price target on shares of The Charles Schwab Corporation in a research report on Friday, June 16th. BidaskClub raised The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Jefferies Group LLC reissued a “buy” rating and set a $48.00 price target on shares of The Charles Schwab Corporation in a research report on Wednesday, May 31st. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $45.00 target price (up previously from $44.00) on shares of The Charles Schwab Corporation in a report on Monday, May 15th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The Charles Schwab Corporation has an average rating of “Buy” and a consensus target price of $44.00.

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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