Charles Schwab Corp (SCHW) Insider Marie A. Chandoha Sells 19,074 Shares

Charles Schwab Corp (NYSE:SCHW) insider Marie A. Chandoha sold 19,074 shares of the business’s stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $45.94, for a total value of $876,259.56. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Charles Schwab Corp (SCHW) traded down 0.49% on Tuesday, reaching $44.25. The company’s stock had a trading volume of 920,574 shares. Charles Schwab Corp has a 12-month low of $30.66 and a 12-month high of $46.21. The stock has a market cap of $59.26 billion, a PE ratio of 29.70 and a beta of 1.68. The company’s 50 day moving average price is $41.93 and its 200-day moving average price is $41.08.

Charles Schwab Corp (NYSE:SCHW) last released its quarterly earnings results on Monday, October 16th. 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 firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.18 billion. Charles Schwab Corp had a return on equity of 14.71% and a net margin of 26.09%. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same period last year, the business posted $0.35 EPS. On average, equities analysts expect that Charles Schwab Corp will post $1.61 EPS for the current year.

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Several research analysts recently issued reports on SCHW shares. Deutsche Bank AG cut their target price on Charles Schwab Corp from $47.00 to $46.00 and set a “buy” rating on the stock in a research report on Tuesday, July 4th. Morgan Stanley reaffirmed an “overweight” rating and set a $48.00 target price (up previously from $45.00) on shares of Charles Schwab Corp in a research report on Monday, July 10th. Citigroup Inc. started coverage on Charles Schwab Corp in a research report on Thursday, July 13th. They set a “neutral” rating and a $46.00 target price on the stock. Rosenblatt Securities started coverage on Charles Schwab Corp in a research report on Thursday, July 13th. They set a “neutral” rating and a $46.00 target price on the stock. Finally, BidaskClub cut Charles Schwab Corp from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $46.80.

Hedge funds have recently added to or reduced their stakes in the company. WealthTrust Arizona LLC boosted its stake in shares of Charles Schwab Corp by 1.2% in the 2nd 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 last quarter. Shine Investment Advisory Services Inc. purchased a new position in shares of Charles Schwab Corp in the 2nd quarter worth $145,000. Founders Capital Management purchased a new position in shares of Charles Schwab Corp in the 1st quarter worth $159,000. Fiduciary Trust Co. purchased a new position in shares of Charles Schwab Corp in the 2nd quarter worth $163,000. Finally, Quadrant Capital Group LLC boosted its stake in shares of Charles Schwab Corp by 31.4% in the 2nd 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 last quarter. Hedge funds and other institutional investors own 79.44% 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.

Insider Buying and Selling by Quarter for Charles Schwab Corp (NYSE:SCHW)

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