The Charles Schwab Corporation (NYSE:SCHW) insider Walter W. Bettinger sold 262,309 shares of the stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $48.15, for a total value of $12,630,178.35. Following the sale, the insider now owns 539,773 shares in the company, valued at approximately $25,990,069.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of The Charles Schwab Corporation (NYSE SCHW) opened at $49.50 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.31 and a quick ratio of 0.30. The Charles Schwab Corporation has a 12-month low of $37.16 and a 12-month high of $49.55. The stock has a market capitalization of $66,290.00, a price-to-earnings ratio of 30.22, a P/E/G ratio of 2.00 and a beta of 1.74.

The Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.01. The Charles Schwab had a return on equity of 15.77% and a net margin of 27.30%. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter last year, the business posted $0.35 earnings per share. The firm’s revenue was up 13.1% compared to the same quarter last year. analysts expect that The Charles Schwab Corporation will post 1.62 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 24th. Investors of record on Friday, November 10th were given a $0.08 dividend. The ex-dividend date was Thursday, November 9th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.65%. The Charles Schwab’s dividend payout ratio (DPR) is presently 20.51%.

Several research firms have issued reports on SCHW. Credit Suisse Group began coverage on The Charles Schwab in a research report on Thursday. They set an “outperform” rating and a $55.00 target price on the stock. Deutsche Bank increased their target price on The Charles Schwab from $46.00 to $47.00 and gave the stock a “hold” rating in a research report on Wednesday, October 25th. BidaskClub downgraded The Charles Schwab from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 17th. Barclays increased their target price on The Charles Schwab from $48.00 to $51.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 10th. Finally, Morgan Stanley increased their target price on The Charles Schwab from $51.00 to $53.00 and gave the stock an “overweight” rating in a research report on Thursday, October 5th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $47.56.

Several hedge funds have recently modified their holdings of SCHW. Vanguard Group Inc. increased its stake in The Charles Schwab by 3.2% in the second quarter. Vanguard Group Inc. now owns 81,925,586 shares of the financial services provider’s stock valued at $3,519,523,000 after acquiring an additional 2,536,947 shares during the last quarter. BlackRock Inc. increased its stake in The Charles Schwab by 2.5% in the second quarter. BlackRock Inc. now owns 73,666,134 shares of the financial services provider’s stock valued at $3,164,699,000 after acquiring an additional 1,790,015 shares during the last quarter. JPMorgan Chase & Co. increased its stake in The Charles Schwab by 1.3% in the second quarter. JPMorgan Chase & Co. now owns 39,576,199 shares of the financial services provider’s stock valued at $1,700,193,000 after acquiring an additional 491,451 shares during the last quarter. FMR LLC increased its stake in The Charles Schwab by 11.3% in the second quarter. FMR LLC now owns 30,766,004 shares of the financial services provider’s stock valued at $1,321,708,000 after acquiring an additional 3,128,532 shares during the last quarter. Finally, Capital Research Global Investors increased its stake in The Charles Schwab by 86.3% in the second quarter. Capital Research Global Investors now owns 24,237,199 shares of the financial services provider’s stock valued at $1,041,230,000 after acquiring an additional 11,224,199 shares during the last quarter. Institutional investors own 79.84% of the company’s stock.

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The Charles Schwab 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 (NYSE:SCHW)

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