The Charles Schwab Corporation (NYSE:SCHW) Chairman Charles R. Schwab sold 200,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $44.29, for a total value of $8,858,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of The Charles Schwab Corporation (NYSE SCHW) opened at $44.60 on Tuesday. The Charles Schwab Corporation has a fifty-two week low of $36.04 and a fifty-two week high of $46.21. The company has a current ratio of 0.31, a quick ratio of 0.30 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $59,720.00, a price-to-earnings ratio of 28.38, a PEG ratio of 1.88 and a beta of 1.74.

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

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

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Institutional investors have recently modified their holdings of the stock. WealthTrust Arizona LLC boosted its holdings in 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 last quarter. Shine Investment Advisory Services Inc. acquired a new position in The Charles Schwab Corporation in the second quarter valued at $145,000. Fiduciary Trust Co. acquired a new position in The Charles Schwab Corporation in the second quarter valued at $163,000. Founders Capital Management boosted its holdings in The Charles Schwab Corporation by 7.7% in the second quarter. Founders Capital Management now owns 4,200 shares of the financial services provider’s stock valued at $180,000 after acquiring an additional 300 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC boosted its holdings in The Charles Schwab Corporation by 4.7% in the second quarter. Paradigm Asset Management Co. LLC now owns 4,450 shares of the financial services provider’s stock valued at $191,000 after acquiring an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 79.41% of the company’s stock.

SCHW has been the subject of several recent research reports. Morgan Stanley reissued an “overweight” rating and set a $51.00 price target (up previously from $48.00) on shares of The Charles Schwab Corporation in a research report on Tuesday, July 25th. Barclays PLC initiated coverage on The Charles Schwab Corporation in a research report on Friday, September 8th. They set an “overweight” rating and a $48.00 price target for the company. Nomura downgraded The Charles Schwab Corporation from a “buy” rating to a “neutral” rating in a research report on Monday, July 24th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $47.00 price target on shares of The Charles Schwab Corporation in a research report on Friday, September 15th. Finally, BidaskClub downgraded The Charles Schwab Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, September 8th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The Charles Schwab Corporation currently has an average rating of “Buy” and an average price target of $47.07.

The Charles Schwab Corporation 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.

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

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