The Charles Schwab Corp. (NYSE:SCHW) Chairman Charles R. Schwab sold 600,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $33.28, for a total transaction of $19,968,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

The Charles Schwab Corp. (NYSE:SCHW) opened at 33.71 on Thursday. The company has a 50 day moving average of $31.77 and a 200 day moving average of $29.58. The Charles Schwab Corp. has a 52 week low of $21.51 and a 52 week high of $34.52. The company has a market capitalization of $44.60 billion, a price-to-earnings ratio of 27.19 and a beta of 1.68.

The Charles Schwab Corp. (NYSE:SCHW) last issued its earnings results on Monday, October 17th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.02. The firm earned $1.91 billion during the quarter, compared to analyst estimates of $1.89 billion. The Charles Schwab Corp. had a net margin of 24.77% and a return on equity of 13.89%. The business’s revenue was up 19.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.27 earnings per share. On average, equities analysts forecast that The Charles Schwab Corp. will post $1.29 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for The Charles Schwab Corp. (NYSE:SCHW)

The business also recently announced a quarterly dividend, which will be paid on Monday, November 28th. Stockholders of record on Monday, November 14th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Wednesday, November 9th. The Charles Schwab Corp.’s dividend payout ratio is currently 22.95%.

Several equities analysts recently commented on the stock. Jefferies Group boosted their price objective on shares of The Charles Schwab Corp. from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, October 11th. Credit Suisse Group AG reissued a “buy” rating and issued a $32.00 price target on shares of The Charles Schwab Corp. in a research note on Monday, October 10th. Argus reissued a “buy” rating and issued a $36.00 price target (up previously from $34.00) on shares of The Charles Schwab Corp. in a research note on Friday, October 21st. Bank of America Corp. raised shares of The Charles Schwab Corp. from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $21.51 to $38.00 in a research note on Thursday, October 13th. Finally, Barclays PLC boosted their price target on shares of The Charles Schwab Corp. from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Thursday, October 13th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The Charles Schwab Corp. currently has an average rating of “Buy” and a consensus price target of $33.69.

Several hedge funds have recently modified their holdings of SCHW. West Coast Financial LLC raised its stake in shares of The Charles Schwab Corp. by 1.5% in the second quarter. West Coast Financial LLC now owns 92,571 shares of the company’s stock worth $2,343,000 after buying an additional 1,405 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of The Charles Schwab Corp. during the second quarter worth about $30,353,000. First Manhattan Co. raised its stake in shares of The Charles Schwab Corp. by 36.6% in the second quarter. First Manhattan Co. now owns 1,493,865 shares of the company’s stock worth $37,809,000 after buying an additional 400,350 shares in the last quarter. Atlanta Capital Management Co. L L C bought a new stake in shares of The Charles Schwab Corp. during the first quarter worth about $36,833,000. Finally, Bank of New York Mellon Corp raised its stake in shares of The Charles Schwab Corp. by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 16,934,039 shares of the company’s stock worth $428,601,000 after buying an additional 264,001 shares in the last quarter. 76.32% of the stock is owned by hedge funds and other institutional investors.

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.

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