Trade Report: The 249,427 Shares of Stock are sold by The Charles Schwab Corp. (SCHW) EVP Joseph R. Martinetto

The 249,427 Shares of Stock are sold by The Charles Schwab Corp. (SCHW) EVP Joseph R. Martinetto

The Charles Schwab Corp. (NYSE:SCHW) EVP Joseph R. Martinetto sold 249,427 shares of the firm’s stock in a transaction dated Thursday, October 27th. The stock was sold at an average price of $32.20, for a total transaction of $8,031,549.40. Following the sale, the executive vice president now owns 226,211 shares of the company’s stock, valued at approximately $7,283,994.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of The Charles Schwab Corp. (NYSE:SCHW) opened at 31.89 on Monday. The company’s 50-day moving average is $31.50 and its 200 day moving average is $29.40. The firm has a market capitalization of $42.19 billion, a P/E ratio of 25.72 and a beta of 1.55. The Charles Schwab Corp. has a 52-week low of $21.51 and a 52-week high of $34.52.

The Charles Schwab Corp. (NYSE:SCHW) last released its quarterly earnings data on Monday, October 17th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.02. The business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.89 billion. The Charles Schwab Corp. had a net margin of 24.77% and a return on equity of 13.89%. The company’s revenue was up 19.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 earnings per share. Analysts expect that The Charles Schwab Corp. will post $1.29 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 28th. Shareholders of record on Monday, November 14th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend is Wednesday, November 9th. The Charles Schwab Corp.’s dividend payout ratio (DPR) is presently 22.95%.

A number of large investors have recently added to or reduced their stakes in the stock. Lenox Wealth Management Inc. boosted its stake in shares of The Charles Schwab Corp. by 12.1% in the second quarter. Lenox Wealth Management Inc. now owns 4,126 shares of the company’s stock valued at $104,000 after buying an additional 445 shares in the last quarter. Reilly Financial Advisors LLC boosted its stake in shares of The Charles Schwab Corp. by 10.4% in the second quarter. Reilly Financial Advisors LLC now owns 4,248 shares of the company’s stock valued at $108,000 after buying an additional 400 shares in the last quarter. Integrated Investment Consultants LLC boosted its stake in shares of The Charles Schwab Corp. by 33.9% in the second quarter. Integrated Investment Consultants LLC now owns 4,943 shares of the company’s stock valued at $125,000 after buying an additional 1,252 shares in the last quarter. Financial Architects Inc boosted its stake in shares of The Charles Schwab Corp. by 10.6% in the third quarter. Financial Architects Inc now owns 4,168 shares of the company’s stock valued at $132,000 after buying an additional 400 shares in the last quarter. Finally, Cornerstone Advisors Inc. boosted its stake in shares of The Charles Schwab Corp. by 38.0% in the third quarter. Cornerstone Advisors Inc. now owns 4,482 shares of the company’s stock valued at $141,000 after buying an additional 1,235 shares in the last quarter. 76.32% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently issued reports on SCHW shares. Argus restated a “buy” rating and set a $36.00 target price (up previously from $34.00) on shares of The Charles Schwab Corp. in a research note on Friday, October 21st. SunTrust Banks Inc. upgraded shares of The Charles Schwab Corp. from a “neutral” rating to a “buy” rating and raised their target price for the stock from $32.00 to $33.00 in a research note on Tuesday, October 18th. Zacks Investment Research upgraded shares of The Charles Schwab Corp. from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Monday, September 26th. Credit Agricole SA raised their target price on shares of The Charles Schwab Corp. from $31.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, September 22nd. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and set a $32.00 price target on shares of The Charles Schwab Corp. in a research report on Monday, October 10th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $33.69.

The Charles Schwab Corp. Company Profile

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