The Charles Schwab Corp. (NYSE:SCHW) EVP Nigel J. Murtagh sold 13,000 shares of The Charles Schwab Corp. stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $38.82, for a total value of $504,660.00. Following the completion of the transaction, the executive vice president now directly owns 47,863 shares of the company’s stock, valued at approximately $1,858,041.66. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of The Charles Schwab Corp. (NYSE:SCHW) traded up 2.28% during mid-day trading on Wednesday, hitting $39.11. The stock had a trading volume of 11,089,126 shares. The firm has a 50 day moving average of $33.30 and a 200-day moving average of $30.13. The Charles Schwab Corp. has a one year low of $21.51 and a one year high of $39.22. The stock has a market cap of $51.85 billion, a P/E ratio of 31.54 and a beta of 1.68.

The Charles Schwab Corp. (NYSE:SCHW) last announced its quarterly earnings data 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 return on equity of 13.64% and a net margin of 24.77%. The firm earned $1.91 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period last year, the business posted $0.27 earnings per share. The company’s revenue for the quarter was up 19.8% compared to the same quarter last year. Equities research analysts expect that The Charles Schwab Corp. will post $1.29 earnings per share for the current fiscal year.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 28th. Stockholders of record on Monday, November 14th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Wednesday, November 9th. The Charles Schwab Corp.’s payout ratio is 22.95%.

SCHW has been the subject of a number of recent analyst reports. Citigroup Inc. raised The Charles Schwab Corp. from a “neutral” rating to a “buy” rating in a research report on Tuesday. Morgan Stanley initiated coverage on The Charles Schwab Corp. in a research report on Monday, September 26th. They issued an “overweight” rating and a $37.00 target price for the company. Bank of America Corp. raised The Charles Schwab Corp. from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $21.51 to $38.00 in a research report on Thursday, October 13th. Credit Suisse Group AG reissued a “buy” rating and issued a $32.00 target price on shares of The Charles Schwab Corp. in a research report on Monday, October 10th. Finally, Argus reissued a “buy” rating and issued a $36.00 target price (up previously from $34.00) on shares of The Charles Schwab Corp. in a research report on Friday, October 21st. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $33.69.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. LPL Financial LLC boosted its position in shares of The Charles Schwab Corp. by 10.8% in the first quarter. LPL Financial LLC now owns 106,748 shares of the company’s stock valued at $2,926,000 after buying an additional 10,379 shares in the last quarter. Arizona State Retirement System boosted its position in shares of The Charles Schwab Corp. by 0.9% in the first quarter. Arizona State Retirement System now owns 325,882 shares of the company’s stock valued at $9,131,000 after buying an additional 3,000 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of The Charles Schwab Corp. by 14.9% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 23,221 shares of the company’s stock valued at $652,000 after buying an additional 3,014 shares in the last quarter. Oak Associates Ltd. OH boosted its position in shares of The Charles Schwab Corp. by 5.0% in the first quarter. Oak Associates Ltd. OH now owns 1,116,658 shares of the company’s stock valued at $31,289,000 after buying an additional 52,696 shares in the last quarter. Finally, First Republic Investment Management Inc. boosted its position in shares of The Charles Schwab Corp. by 11.4% in the first quarter. First Republic Investment Management Inc. now owns 416,137 shares of the company’s stock valued at $11,660,000 after buying an additional 42,647 shares in the last quarter. Hedge funds and other institutional investors own 75.08% of the company’s stock.

TRADEMARK VIOLATION WARNING: “The Charles Schwab Corp. (SCHW) EVP Sells $504,660.00 in Stock” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another publication, it was stolen and reposted in violation of United States and international copyright and trademark law. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2016/11/23/the-charles-schwab-corp-schw-evp-sells-504660-00-in-stock.html.

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

Receive News & Stock Ratings for The Charles Schwab Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Charles Schwab Corp. and related stocks with our FREE daily email newsletter.