Marie A. Chandoha Sells 7,793 Shares of Charles Schwab Corp (NYSE:SCHW) Stock

Charles Schwab Corp (NYSE:SCHW) insider Marie A. Chandoha sold 7,793 shares of the stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $45.01, for a total transaction of $350,762.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Charles Schwab Corp (NYSE:SCHW) opened at 44.47 on Tuesday. The company has a market cap of $59.55 billion, a PE ratio of 29.85 and a beta of 1.68. The stock has a 50 day moving average of $41.93 and a 200 day moving average of $41.08. Charles Schwab Corp has a one year low of $30.66 and a one year high of $46.21.

Charles Schwab Corp (NYSE:SCHW) last released its earnings results on Monday, October 16th. The financial services provider reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS. On average, analysts anticipate that Charles Schwab Corp will post $1.61 earnings per share for the current fiscal year.

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SCHW has been the topic of a number of recent analyst reports. Morgan Stanley reissued an “overweight” rating and issued a $51.00 price target (up from $48.00) on shares of Charles Schwab Corp in a report on Tuesday, July 25th. Nomura downgraded shares of Charles Schwab Corp from a “buy” rating to a “neutral” rating in a report on Monday, July 24th. Barclays PLC initiated coverage on shares of Charles Schwab Corp in a report on Friday, September 8th. They issued an “overweight” rating and a $48.00 price target on the stock. BidaskClub downgraded shares of Charles Schwab Corp from a “sell” rating to a “strong sell” rating in a report on Friday, September 8th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $47.00 price target on shares of Charles Schwab Corp in a report on Friday, September 15th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Charles Schwab Corp currently has a consensus rating of “Buy” and an average target price of $46.80.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SCHW. Waldron LP increased its position in shares of Charles Schwab Corp by 23.9% during the 1st quarter. Waldron LP now owns 9,339 shares of the financial services provider’s stock valued at $381,000 after purchasing an additional 1,799 shares during the last quarter. State of Wisconsin Investment Board increased its position in shares of Charles Schwab Corp by 26.5% during the 1st quarter. State of Wisconsin Investment Board now owns 888,345 shares of the financial services provider’s stock valued at $36,253,000 after purchasing an additional 185,896 shares during the last quarter. United Bank bought a new position in shares of Charles Schwab Corp during the 1st quarter valued at approximately $224,000. Insight Capital Research & Management Inc. increased its position in shares of Charles Schwab Corp by 14.1% during the 1st quarter. Insight Capital Research & Management Inc. now owns 36,283 shares of the financial services provider’s stock valued at $1,481,000 after purchasing an additional 4,488 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased its position in shares of Charles Schwab Corp by 5.5% during the 1st quarter. Mutual of America Capital Management LLC now owns 148,906 shares of the financial services provider’s stock valued at $6,077,000 after purchasing an additional 7,785 shares during the last quarter. 79.44% of the stock is currently owned by hedge funds and other institutional investors.

Charles Schwab Corp 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 Charles Schwab Corp (NYSE:SCHW)

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