The Charles Schwab Corporation (NYSE:SCHW) EVP Terri R. Kallsen sold 4,267 shares of the stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $46.02, for a total value of $196,367.34. The sale was disclosed in a document filed with the SEC, which is available through this link.

Shares of The Charles Schwab Corporation (NYSE:SCHW) traded up 0.35% on Friday, reaching $45.34. The company had a trading volume of 14,106,591 shares. The Charles Schwab Corporation has a one year low of $30.66 and a one year high of $46.21. The company’s 50-day moving average is $40.91 and its 200-day moving average is $40.87. The company has a market capitalization of $60.72 billion, a PE ratio of 30.43 and a beta of 1.68.

The Charles Schwab Corporation (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The Charles Schwab Corporation had a net margin of 26.73% and a return on equity of 15.41%. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same period in the prior year, the business posted $0.30 earnings per share. The company’s revenue was up 16.5% on a year-over-year basis. Equities research analysts predict that The Charles Schwab Corporation will post $1.62 earnings per share for the current year.

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A number of brokerages have weighed in on SCHW. Morgan Stanley raised their target price on The Charles Schwab Corporation from $51.00 to $53.00 and gave the company an “overweight” rating in a report on Thursday. Deutsche Bank AG downgraded The Charles Schwab Corporation from a “buy” rating to a “hold” rating and raised their target price for the company from $40.00 to $43.00 in a report on Tuesday, July 11th. Rosenblatt Securities began coverage on The Charles Schwab Corporation in a report on Thursday, July 13th. They issued a “neutral” rating and a $46.00 target price on the stock. Citigroup Inc. began coverage on The Charles Schwab Corporation in a report on Thursday, July 13th. They issued a “neutral” rating and a $46.00 target price on the stock. Finally, BidaskClub raised The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $45.69.

Hedge funds and other institutional investors have recently bought and sold shares of the business. WealthTrust Arizona LLC boosted its position in The Charles Schwab Corporation by 1.2% during the second quarter. WealthTrust Arizona LLC now owns 2,466 shares of the financial services provider’s stock valued at $106,000 after buying an additional 29 shares during the period. Shine Investment Advisory Services Inc. bought a new position in shares of The Charles Schwab Corporation during the second quarter valued at about $145,000. Founders Capital Management bought a new position in shares of The Charles Schwab Corporation during the first quarter valued at about $159,000. Fiduciary Trust Co. bought a new position in shares of The Charles Schwab Corporation during the second quarter valued at about $163,000. Finally, Quadrant Capital Group LLC raised its stake in shares of The Charles Schwab Corporation by 31.4% during the second quarter. Quadrant Capital Group LLC now owns 4,531 shares of the financial services provider’s stock valued at $168,000 after acquiring an additional 1,082 shares during the last quarter. Institutional investors and hedge funds own 79.53% of the company’s stock.

The Charles Schwab Corporation Company Profile

The Charles Schwab Corporation (CSC) 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.

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

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