Traders bought shares of The Charles Schwab Corporation (NYSE:SCHW) on weakness during trading on Monday. $93.76 million flowed into the stock on the tick-up and $41.70 million flowed out of the stock on the tick-down, for a money net flow of $52.06 million into the stock. Of all companies tracked, The Charles Schwab had the 11th highest net in-flow for the day. The Charles Schwab traded down ($0.67) for the day and closed at $50.72

Several equities research analysts have weighed in on SCHW shares. BidaskClub cut The Charles Schwab from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 17th. Jefferies Group reissued a “buy” rating and set a $49.00 price objective on shares of The Charles Schwab in a research note on Friday, September 15th. Morgan Stanley boosted their price objective on The Charles Schwab from $51.00 to $53.00 and gave the stock an “overweight” rating in a research note on Thursday, October 5th. Deutsche Bank boosted their price objective on The Charles Schwab from $46.00 to $47.00 and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $47.00 target price on shares of The Charles Schwab in a research report on Friday, September 15th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The Charles Schwab presently has an average rating of “Buy” and an average price target of $47.56.

The company has a current ratio of 0.31, a quick ratio of 0.30 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $68,820.00, a price-to-earnings ratio of 32.94, a PEG ratio of 2.19 and a beta of 1.74.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.18 billion. The Charles Schwab had a return on equity of 15.77% and a net margin of 27.30%. The Charles Schwab’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.35 earnings per share. analysts predict that The Charles Schwab Corporation will post 1.62 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 24th. Investors of record on Friday, November 10th were issued 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 payout ratio is 20.51%.

In other The Charles Schwab news, EVP Bernard J. Clark sold 75,244 shares of the company’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $43.98, for a total transaction of $3,309,231.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Walter W. Bettinger bought 72,510 shares of the stock in a transaction on Tuesday, November 7th. The shares were bought at an average price of $27.21 per share, with a total value of $1,972,997.10. Following the acquisition, the insider now owns 41,330 shares of the company’s stock, valued at $1,124,589.30. The disclosure for this purchase can be found here. Insiders sold 1,778,324 shares of company stock valued at $82,710,964 in the last quarter. 12.00% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the business. Shine Investment Advisory Services Inc. acquired a new position in shares of The Charles Schwab during the second quarter worth $145,000. Fiduciary Trust Co. acquired a new position in shares of The Charles Schwab during the second quarter worth $163,000. Zions Bancorporation increased its position in shares of The Charles Schwab by 1,545.3% during the third quarter. Zions Bancorporation now owns 3,817 shares of the financial services provider’s stock worth $167,000 after purchasing an additional 3,585 shares in the last quarter. Paradigm Asset Management Co. LLC increased its position in shares of The Charles Schwab by 4.7% during the second quarter. Paradigm Asset Management Co. LLC now owns 4,450 shares of the financial services provider’s stock worth $191,000 after purchasing an additional 200 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its position in shares of The Charles Schwab 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 purchasing an additional 1,082 shares in the last quarter. Institutional investors own 79.84% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/12/12/traders-buy-the-charles-schwab-schw-on-weakness.html.

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.

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.