Today: Today: 34,233 Shares of Stock are sold by Insider Selling: The Charles Schwab Corp. (SCHW) Insider

Today: 34,233 Shares of Stock are sold by Insider Selling: The Charles Schwab Corp. (SCHW) Insider

The Charles Schwab Corp. (NYSE:SCHW) insider Walter W. Bettinger sold 34,233 shares of The Charles Schwab Corp. stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $39.21, for a total transaction of $1,342,275.93. Following the sale, the insider now owns 277,892 shares of the company’s stock, valued at approximately $10,896,145.32. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

The Charles Schwab Corp. (NYSE:SCHW) traded down 1.64% during mid-day trading on Monday, reaching $38.35. 6,928,141 shares of the company’s stock traded hands. The stock has a market cap of $50.84 billion, a P/E ratio of 30.93 and a beta of 1.68. The company has a 50 day moving average price of $33.68 and a 200-day moving average price of $30.28. The Charles Schwab Corp. has a 12 month low of $21.51 and a 12 month high of $39.22.

The Charles Schwab Corp. (NYSE:SCHW) last released its quarterly earnings results on Monday, October 17th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.02. The Charles Schwab Corp. had a net margin of 24.77% and a return on equity of 13.64%. The firm earned $1.91 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter last year, the business earned $0.27 EPS. The company’s revenue was up 19.8% compared to the same quarter last year. On average, analysts anticipate that The Charles Schwab Corp. will post $1.29 EPS for the current year.

The company also recently declared 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. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $0.28 annualized dividend and a yield of 0.73%. The Charles Schwab Corp.’s payout ratio is 22.95%.

SCHW has been the subject of a number of analyst reports. Jefferies Group restated a “buy” rating on shares of The Charles Schwab Corp. in a report on Friday, August 5th. Barclays PLC boosted their price objective on shares of The Charles Schwab Corp. from $29.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, August 9th. Wells Fargo & Co. restated a “market perform” rating on shares of The Charles Schwab Corp. in a report on Tuesday, October 18th. Deutsche Bank AG boosted their price objective on shares of The Charles Schwab Corp. from $33.00 to $34.00 and gave the company a “buy” rating in a report on Friday, September 9th. Finally, Zacks Investment Research upgraded shares of The Charles Schwab Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 16th. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $33.69.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Assetmark Inc. increased its stake in shares of The Charles Schwab Corp. by 3.3% in the third quarter. Assetmark Inc. now owns 3,733 shares of the company’s stock valued at $118,000 after buying an additional 121 shares during the period. Lenox Wealth Management Inc. increased 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 during the period. Financial Architects Inc increased 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 during the period. Reilly Financial Advisors LLC increased 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 during the period. Finally, Cornerstone Advisors Inc. increased 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 during the period. Hedge funds and other institutional investors own 76.52% of the company’s stock.

The Charles Schwab Corp. Company Profile

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