The Charles Schwab Corp. (NYSE:SCHW) announced its quarterly earnings results on Monday. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The Charles Schwab Corp. had a net margin of 24.07% and a return on equity of 13.03%. The firm earned $1.91 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the previous year, the company earned $0.27 earnings per share. The Charles Schwab Corp.’s quarterly revenue was up 19.8% compared to the same quarter last year.

The Charles Schwab Corp. (NYSE:SCHW) opened at 31.69 on Tuesday. The Charles Schwab Corp. has a 12 month low of $21.51 and a 12 month high of $34.52. The firm’s 50-day moving average is $31.24 and its 200 day moving average is $29.12. The firm has a market capitalization of $41.93 billion, a price-to-earnings ratio of 27.32 and a beta of 1.55.

Earnings History for The Charles Schwab Corp. (NYSE:SCHW)

In other The Charles Schwab Corp. news, EVP Nigel J. Murtagh sold 2,500 shares of the firm’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of $29.72, for a total transaction of $74,300.00. Following the completion of the transaction, the executive vice president now directly owns 35,137 shares of the company’s stock, valued at approximately $1,044,271.64. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Terri R. Kallsen sold 6,894 shares of the firm’s stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $28.01, for a total transaction of $193,100.94. Following the transaction, the executive vice president now directly owns 17,822 shares of the company’s stock, valued at $499,194.22. The disclosure for this sale can be found here. Company insiders own 12.60% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Argent Trust Co raised its position in shares of The Charles Schwab Corp. by 43.8% in the second quarter. Argent Trust Co now owns 19,087 shares of the company’s stock valued at $484,000 after buying an additional 5,818 shares in the last quarter. American Century Companies Inc. raised its position in The Charles Schwab Corp. by 5.6% in the second quarter. American Century Companies Inc. now owns 4,655,121 shares of the company’s stock valued at $117,821,000 after buying an additional 245,192 shares during the period. GAM Holding AG raised its position in The Charles Schwab Corp. by 2.3% in the second quarter. GAM Holding AG now owns 118,174 shares of the company’s stock valued at $2,991,000 after buying an additional 2,643 shares during the period. Atlantic Trust Group LLC raised its position in The Charles Schwab Corp. by 1.6% in the second quarter. Atlantic Trust Group LLC now owns 187,236 shares of the company’s stock valued at $4,739,000 after buying an additional 2,882 shares during the period. Finally, HighTower Advisors LLC raised its position in The Charles Schwab Corp. by 26.4% in the second quarter. HighTower Advisors LLC now owns 338,976 shares of the company’s stock valued at $8,574,000 after buying an additional 70,848 shares during the period. 76.48% of the stock is owned by institutional investors.

A number of equities research analysts recently weighed in on the stock. Barclays PLC boosted their price target on shares of The Charles Schwab Corp. from $29.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, August 9th. Deutsche Bank AG reissued a “buy” rating on shares of The Charles Schwab Corp. in a research report on Sunday, June 26th. Jefferies Group reduced their price target on shares of The Charles Schwab Corp. from $36.00 to $34.00 and set a “buy” rating for the company in a research report on Thursday, July 7th. Nomura reissued a “buy” rating on shares of The Charles Schwab Corp. in a research report on Monday, July 11th. Finally, Zacks Investment Research raised shares of The Charles Schwab Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 16th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The Charles Schwab Corp. presently has an average rating of “Buy” and an average price target of $33.45.

About The Charles Schwab Corp.

The Charles Schwab Corporation 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.

5 Day Chart for NYSE:SCHW

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