Charles Schwab Corp (NYSE:SCHW) insider Marie A. Chandoha sold 6,317 shares of the firm’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $43.50, for a total value of $274,789.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Charles Schwab Corp (NYSE:SCHW) opened at 42.25 on Tuesday. Charles Schwab Corp has a one year low of $23.83 and a one year high of $43.65. The company’s 50-day moving average price is $41.51 and its 200 day moving average price is $37.07. The firm has a market capitalization of $56.40 billion, a PE ratio of 32.25 and a beta of 1.78.
Charles Schwab Corp (NYSE:SCHW) last announced its quarterly earnings results on Wednesday, January 18th. The company reported $0.36 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.36. The business had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Charles Schwab Corp had a return on equity of 14.65% and a net margin of 25.26%. The business’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.24 EPS. On average, analysts forecast that Charles Schwab Corp will post $1.60 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, February 24th. Stockholders of record on Friday, February 10th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.76%. This is a boost from Charles Schwab Corp’s previous quarterly dividend of $0.07. The ex-dividend date was Wednesday, February 8th. Charles Schwab Corp’s dividend payout ratio is presently 24.62%.
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Several brokerages have weighed in on SCHW. Bank of America Corp reiterated a “buy” rating and issued a $47.00 target price on shares of Charles Schwab Corp in a research note on Friday, March 3rd. Zacks Investment Research downgraded Charles Schwab Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, February 8th. Citigroup Inc upgraded Charles Schwab Corp from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 22nd. Morgan Stanley reiterated an “overweight” rating on shares of Charles Schwab Corp in a research note on Saturday, December 17th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and issued a $44.00 target price on shares of Charles Schwab Corp in a research note on Tuesday, February 28th. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Charles Schwab Corp has a consensus rating of “Buy” and an average price target of $38.34.
Hedge funds have recently made changes to their positions in the company. Dodge & Cox bought a new stake in shares of Charles Schwab Corp during the fourth quarter worth $3,813,732,000. State Street Corp boosted its stake in shares of Charles Schwab Corp by 7.3% in the fourth quarter. State Street Corp now owns 61,155,943 shares of the company’s stock worth $2,413,822,000 after buying an additional 4,153,309 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Charles Schwab Corp by 3.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 33,656,315 shares of the company’s stock worth $1,062,530,000 after buying an additional 997,066 shares during the last quarter. FMR LLC boosted its stake in shares of Charles Schwab Corp by 2.5% in the fourth quarter. FMR LLC now owns 23,378,291 shares of the company’s stock worth $922,741,000 after buying an additional 571,876 shares during the last quarter. Finally, Parnassus Investments CA boosted its stake in shares of Charles Schwab Corp by 7.7% in the third quarter. Parnassus Investments CA now owns 22,058,864 shares of the company’s stock worth $696,398,000 after buying an additional 1,574,908 shares during the last quarter. Institutional investors and hedge funds own 78.34% of the company’s stock.
About Charles Schwab Corp
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.
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