The Charles Schwab Corp. (NYSE:SCHW) insider Walter W. Bettinger sold 34,233 shares of The Charles Schwab Corp. stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $39.21, for a total value of $1,342,275.93. Following the sale, the insider now directly owns 277,892 shares in the company, valued at $10,896,145.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of The Charles Schwab Corp. (NYSE:SCHW) opened at 38.46 on Wednesday. The company has a market cap of $50.99 billion, a PE ratio of 31.02 and a beta of 1.68. The firm’s 50 day moving average is $33.85 and its 200 day moving average is $30.39. 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, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.02. The firm earned $1.91 billion during 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 company’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 earnings per share. On average, equities analysts predict that The Charles Schwab Corp. will post $1.29 earnings per share for the current year.

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

The company also recently announced a quarterly dividend, which was paid on Monday, November 28th. Investors of record on Monday, November 14th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date was Wednesday, November 9th. The Charles Schwab Corp.’s dividend payout ratio is presently 22.95%.

WARNING: “Walter W. Bettinger Sells 34,233 Shares of The Charles Schwab Corp. (SCHW) Stock” was published by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are accessing this piece on another site, it was illegally copied and reposted in violation of United States and international copyright laws. The original version of this piece can be accessed at https://www.thecerbatgem.com/2016/11/30/walter-w-bettinger-sells-34233-shares-of-the-charles-schwab-corp-schw-stock.html.

A number of institutional investors have recently made changes to their positions in the company. West Coast Financial LLC increased its position 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 purchased a new position in shares of The Charles Schwab Corp. during the second quarter worth $30,353,000. CI Global Investments Inc. increased its position in shares of The Charles Schwab Corp. by 203.3% in the second quarter. CI Global Investments Inc. now owns 530,846 shares of the company’s stock worth $13,436,000 after buying an additional 355,846 shares in the last quarter. First Manhattan Co. increased its position 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. Finally, Bank of New York Mellon Corp increased its position 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. 76.52% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently weighed in on SCHW. Citigroup Inc. raised The Charles Schwab Corp. from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 22nd. Credit Suisse Group AG reaffirmed a “buy” rating on shares of The Charles Schwab Corp. in a report on Monday, October 24th. Argus reaffirmed a “buy” rating and set a $36.00 price objective (up from $34.00) on shares of The Charles Schwab Corp. in a report on Friday, October 21st. Wells Fargo & Co. reaffirmed a “market perform” rating on shares of The Charles Schwab Corp. in a report on Tuesday, October 18th. Finally, 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 report on Tuesday, October 18th. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $33.69.

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.