The Charles Schwab Corporation (NYSE:SCHW) was the recipient of a large growth in short interest in September. As of September 29th, there was short interest totalling 25,464,661 shares, a growth of 13.9% from the September 15th total of 22,351,386 shares. Currently, 2.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 7,072,649 shares, the short-interest ratio is currently 3.6 days.

SCHW has been the topic of a number of research reports. Deutsche Bank AG decreased their price objective on The Charles Schwab Corporation from $47.00 to $46.00 and set a “buy” rating on the stock in a report on Tuesday, July 4th. Morgan Stanley restated an “overweight” rating and issued a $48.00 price objective (up previously from $45.00) on shares of The Charles Schwab Corporation in a report on Monday, July 10th. Citigroup Inc. initiated coverage on The Charles Schwab Corporation in a report on Thursday, July 13th. They issued a “neutral” rating and a $46.00 price objective on the stock. Rosenblatt Securities initiated coverage on The Charles Schwab Corporation in a report on Thursday, July 13th. They issued a “neutral” rating and a $46.00 price objective on the stock. Finally, BidaskClub lowered The Charles Schwab Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $46.80.

In other The Charles Schwab Corporation news, EVP Terri R. Kallsen sold 1,000 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $38.99, for a total value of $38,990.00. Following the transaction, the executive vice president now owns 5,212 shares in the company, valued at approximately $203,215.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Terri R. Kallsen sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $43.07, for a total value of $86,140.00. Following the completion of the transaction, the executive vice president now owns 5,212 shares in the company, valued at approximately $224,480.84. The disclosure for this sale can be found here. Insiders have sold a total of 830,733 shares of company stock worth $35,999,593 in the last quarter. Insiders own 12.00% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. WealthTrust Arizona LLC lifted 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 worth $106,000 after buying an additional 29 shares during the period. Shine Investment Advisory Services Inc. purchased a new position in The Charles Schwab Corporation during the second quarter worth about $145,000. Fiduciary Trust Co. purchased a new position in The Charles Schwab Corporation during the second quarter worth about $163,000. Quadrant Capital Group LLC lifted its position in 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 worth $168,000 after buying an additional 1,082 shares during the period. Finally, Founders Capital Management lifted its position in The Charles Schwab Corporation by 7.7% during the second quarter. Founders Capital Management now owns 4,200 shares of the financial services provider’s stock worth $180,000 after buying an additional 300 shares during the period. Hedge funds and other institutional investors own 79.44% of the company’s stock.

Shares of The Charles Schwab Corporation (SCHW) opened at 43.27 on Friday. The company’s 50 day moving average price is $42.34 and its 200-day moving average price is $41.15. The firm has a market capitalization of $57.76 billion, a P/E ratio of 27.56 and a beta of 1.68. The Charles Schwab Corporation has a 12 month low of $30.66 and a 12 month high of $46.21.

The Charles Schwab Corporation (NYSE:SCHW) last released its earnings results on Wednesday, October 18th. The financial services provider reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.01. The Charles Schwab Corporation had a return on equity of 16.07% and a net margin of 27.30%. The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the prior year, the business posted $0.35 earnings per share. The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. On average, equities analysts predict that The Charles Schwab Corporation will post $1.62 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Friday, November 10th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.74%. The Charles Schwab Corporation’s dividend payout ratio (DPR) is presently 20.51%.

WARNING: This report was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this report on another website, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The correct version of this report can be accessed at https://www.thecerbatgem.com/2017/10/20/the-charles-schwab-corporation-schw-short-interest-update.html.

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.

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