The Charles Schwab Corporation (NYSE:SCHW) insider Walter W. Bettinger sold 156,100 shares of The Charles Schwab stock in a transaction on Monday, December 4th. The shares were sold at an average price of $50.05, for a total value of $7,812,805.00. Following the transaction, the insider now owns 433,564 shares in the company, valued at approximately $21,699,878.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of The Charles Schwab Corporation (SCHW) opened at $50.78 on Wednesday. The Charles Schwab Corporation has a 12-month low of $37.16 and a 12-month high of $51.89. The firm has a market capitalization of $69,030.00, a PE ratio of 31.73, a price-to-earnings-growth ratio of 2.11 and a beta of 1.74. 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 (NYSE:SCHW) last announced its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter in the previous year, the firm earned $0.35 earnings per share. The business’s quarterly revenue was up 13.1% compared to the same quarter last year. sell-side analysts expect that The Charles Schwab Corporation will post 1.62 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 24th. Shareholders 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 0.63%. The Charles Schwab’s dividend payout ratio is currently 20.51%.

SCHW has been the subject of a number of research reports. BidaskClub raised The Charles Schwab from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $47.00 price objective on shares of The Charles Schwab in a research report on Friday, September 15th. Jefferies Group reissued a “buy” rating and set a $49.00 price objective on shares of The Charles Schwab in a research report on Friday, September 15th. Deutsche Bank lifted their price objective on The Charles Schwab from $46.00 to $47.00 and gave the company a “hold” rating in a research report on Wednesday, October 25th. Finally, Credit Suisse Group initiated coverage on The Charles Schwab in a research report on Thursday, November 30th. They set an “outperform” rating and a $55.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $47.56.

Large investors have recently made changes to their positions in the business. American Century Companies Inc. lifted its position in shares of The Charles Schwab by 19.4% in the second quarter. American Century Companies Inc. now owns 4,139,650 shares of the financial services provider’s stock worth $177,839,000 after buying an additional 673,011 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of The Charles Schwab by 17.3% in the second quarter. Principal Financial Group Inc. now owns 3,100,144 shares of the financial services provider’s stock worth $133,182,000 after purchasing an additional 457,591 shares during the period. Cubist Systematic Strategies LLC increased its stake in shares of The Charles Schwab by 317.6% in the second quarter. Cubist Systematic Strategies LLC now owns 51,701 shares of the financial services provider’s stock worth $2,221,000 after purchasing an additional 39,321 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of The Charles Schwab by 1.6% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,417,577 shares of the financial services provider’s stock worth $103,859,000 after purchasing an additional 38,306 shares during the period. Finally, CIBC World Markets Inc. bought a new position in shares of The Charles Schwab in the second quarter worth about $282,000. 79.84% of the stock is owned by institutional investors.

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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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