The Charles Schwab Corporation (NYSE:SCHW) insider Marie A. Chandoha sold 7,793 shares of the firm’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $45.01, for a total transaction of $350,762.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of The Charles Schwab Corporation (NYSE SCHW) traded up 0.75% on Friday, hitting $45.52. 10,813,313 shares of the stock were exchanged. The stock has a market cap of $60.96 billion, a PE ratio of 30.55 and a beta of 1.68. The Charles Schwab Corporation has a 52-week low of $30.66 and a 52-week high of $46.21. The company’s 50 day moving average is $40.91 and its 200-day moving average is $40.87.

The Charles Schwab Corporation (NYSE:SCHW) last released its earnings results on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.39. The Charles Schwab Corporation had a net margin of 26.73% and a return on equity of 15.41%. The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period in the prior year, the firm earned $0.30 earnings per share. The business’s quarterly revenue was up 16.5% compared to the same quarter last year. Analysts predict that The Charles Schwab Corporation will post $1.62 EPS for the current fiscal year.

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SCHW has been the topic of several recent analyst reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $51.00 price target (up previously from $48.00) on shares of The Charles Schwab Corporation in a research note on Tuesday, July 25th. Nomura downgraded shares of The Charles Schwab Corporation from a “buy” rating to a “neutral” rating in a research note on Monday, July 24th. Barclays PLC initiated coverage on shares of The Charles Schwab Corporation in a research note on Friday, September 8th. They issued an “overweight” rating and a $48.00 price target on the stock. BidaskClub downgraded shares of The Charles Schwab Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, September 8th. Finally, Deutsche Bank AG reduced their price target on shares of 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. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $45.69.

Several hedge funds have recently added to or reduced their stakes in SCHW. Waldron LP increased its stake in The Charles Schwab Corporation by 23.9% in the first quarter. Waldron LP now owns 9,339 shares of the financial services provider’s stock valued at $381,000 after purchasing an additional 1,799 shares during the last quarter. State of Wisconsin Investment Board increased its stake in The Charles Schwab Corporation by 26.5% in the first quarter. State of Wisconsin Investment Board now owns 888,345 shares of the financial services provider’s stock valued at $36,253,000 after purchasing an additional 185,896 shares during the last quarter. United Bank purchased a new position in The Charles Schwab Corporation in the first quarter valued at approximately $224,000. Insight Capital Research & Management Inc. increased its stake in The Charles Schwab Corporation by 14.1% in the first quarter. Insight Capital Research & Management Inc. now owns 36,283 shares of the financial services provider’s stock valued at $1,481,000 after purchasing an additional 4,488 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased its stake in The Charles Schwab Corporation by 5.5% in the first quarter. Mutual of America Capital Management LLC now owns 148,906 shares of the financial services provider’s stock valued at $6,077,000 after purchasing an additional 7,785 shares during the last quarter. Hedge funds and other institutional investors own 79.53% of the company’s stock.

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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