The Charles Schwab Corp. (NYSE:SCHW) EVP Bernard J. Clark sold 63,256 shares of the firm’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $38.14, for a total value of $2,412,583.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of The Charles Schwab Corp. (NYSE:SCHW) opened at 39.11 on Friday. The Charles Schwab Corp. has a 52 week low of $21.51 and a 52 week high of $39.22. The firm’s 50-day moving average price is $33.47 and its 200 day moving average price is $30.19. The firm has a market cap of $51.85 billion, a PE ratio of 31.54 and a beta of 1.68.

The Charles Schwab Corp. (NYSE:SCHW) last posted its earnings results on Monday, October 17th. The company reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.02. The firm 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 13.64%. The business’s quarterly revenue was up 19.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.27 earnings per share. Equities analysts anticipate that The Charles Schwab Corp. will post $1.29 EPS for the current year.

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

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 28th. Shareholders of record on Monday, November 14th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend 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. Argus reaffirmed a “buy” rating and issued a $36.00 price objective (up previously from $34.00) on shares of The Charles Schwab Corp. in a research report on Friday, October 21st. SunTrust Banks Inc. raised The Charles Schwab Corp. from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $32.00 to $33.00 in a research report on Tuesday, October 18th. Zacks Investment Research raised The Charles Schwab Corp. from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research report on Monday, September 26th. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $32.00 price objective on shares of The Charles Schwab Corp. in a research report on Monday, October 10th. Finally, lifted their price objective on The Charles Schwab Corp. from $31.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, September 22nd. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $33.69.

Institutional investors have recently bought and sold shares of the company. Chevy Chase Trust Holdings Inc. increased its position in The Charles Schwab Corp. by 1.5% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 1,609,425 shares of the company’s stock valued at $40,734,000 after buying an additional 23,092 shares during the last quarter. Exxonmobil Investment Management Inc. TX increased its position in The Charles Schwab Corp. by 6.4% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 311,329 shares of the company’s stock valued at $7,880,000 after buying an additional 18,750 shares during the last quarter. DNB Asset Management AS increased its position in The Charles Schwab Corp. by 1.0% in the second quarter. DNB Asset Management AS now owns 259,470 shares of the company’s stock valued at $6,567,000 after buying an additional 2,600 shares during the last quarter. British Columbia Investment Management Corp increased its position in The Charles Schwab Corp. by 3.8% in the second quarter. British Columbia Investment Management Corp now owns 811,520 shares of the company’s stock valued at $20,540,000 after buying an additional 30,005 shares during the last quarter. Finally, West Oak Capital LLC increased its position in The Charles Schwab Corp. by 1.2% in the second quarter. West Oak Capital LLC now owns 47,140 shares of the company’s stock valued at $1,193,000 after buying an additional 575 shares during the last quarter. 75.08% of the stock is currently owned by hedge funds and other institutional investors.

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The Charles Schwab Corp. Company Profile

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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