The Charles Schwab Corporation (NYSE:SCHW) EVP Nigel J. Murtagh sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $45.15, for a total value of $361,200.00. Following the completion of the transaction, the executive vice president now owns 15,622 shares of the company’s stock, valued at $705,333.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

The Charles Schwab Corporation (NYSE:SCHW) last issued its earnings results on Wednesday, October 18th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.18 billion. The Charles Schwab Corporation had a return on equity of 16.07% and a net margin of 27.30%. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.35 EPS.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Friday, November 10th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Thursday, November 9th. The Charles Schwab Corporation’s dividend payout ratio (DPR) is 20.51%.

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Several brokerages have recently issued reports on SCHW. Nomura cut The Charles Schwab Corporation from a “buy” rating to a “neutral” rating in a research note on Monday, July 24th. Instinet restated a “neutral” rating and issued a $43.00 price objective (down from $46.00) on shares of The Charles Schwab Corporation in a research note on Monday, July 24th. BidaskClub cut The Charles Schwab Corporation from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Morgan Stanley reiterated an “overweight” rating and set a $51.00 price target (up from $48.00) on shares of The Charles Schwab Corporation in a research report on Tuesday, July 25th. Finally, Argus reiterated a “buy” rating and set a $48.00 price target (up from $46.00) on shares of The Charles Schwab Corporation in a research report on Friday, July 21st. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $47.07.

Hedge funds have recently modified their holdings of the company. American Century Companies Inc. raised its stake in shares of The Charles Schwab Corporation by 19.4% during the 2nd quarter. American Century Companies Inc. now owns 4,139,650 shares of the financial services provider’s stock worth $177,839,000 after buying an additional 673,011 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of The Charles Schwab Corporation by 17.3% during the 2nd quarter. Principal Financial Group Inc. now owns 3,100,144 shares of the financial services provider’s stock worth $133,182,000 after buying an additional 457,591 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of The Charles Schwab Corporation by 317.6% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 51,701 shares of the financial services provider’s stock worth $2,221,000 after buying an additional 39,321 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of The Charles Schwab Corporation by 1.6% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,417,577 shares of the financial services provider’s stock worth $103,859,000 after buying an additional 38,306 shares in the last quarter. Finally, CIBC World Markets Inc. purchased a new position in shares of The Charles Schwab Corporation during the 2nd quarter worth approximately $282,000. 79.49% of the stock is owned by institutional investors and hedge funds.

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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