Insider Analysis: The Insider Nigel Murtagh Sold 13000 shares of Charles Schwab Corp (NYSE:SCHW)

November 23, 2016 - By Peter Kolinski

Insider Analysis: The Insider Nigel Murtagh Sold 13000 shares of Charles Schwab Corp (NYSE:SCHW)

Nigel Murtagh Insider Sell

Nigel Murtagh who holds the position of a EVP – Corporate Risk of Schwab Charles Corp not a long ago sold 13,000 shares of the ‘s company. The insider sale has $504,665 US Dollars total value, at an average stock price per share of $38.8. It seems he is very active lately as in the last month, he silently sold additional 10,000 shares of the company, worth $343,770 USD. Nigel now owns 34,863 shares accounting for 0.00% of the Company’s market cap This stock deal by Mr. Nigel – was recorded on 23-11-2016 and revealed in a SEC’s document available here.

Charles Schwab Corp (NYSE:SCHW) Ratings Coverage

Out of 14 analysts covering Charles Schwab (NYSE:SCHW), 12 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 86% are positive. $39.0 is the highest target while $28 is the lowest. The $33.94 average target is -13.26% below today’s ($39.13) stock price. Charles Schwab has been the topic of 43 analyst reports since August 11, 2015 according to StockzIntelligence Inc. Barclays Capital maintained it with “Overweight” rating and $37.0 target price in Tuesday, August 11 report. Deutsche Bank maintained the shares of SCHW in a report on Thursday, March 17 with “Buy” rating. The stock of Charles Schwab Corp (NYSE:SCHW) earned “Overweight” rating by Barclays Capital on Wednesday, August 26. The firm earned “Neutral” rating on Friday, December 18 by Piper Jaffray. The firm has “Overweight” rating by Barclays Capital given on Tuesday, August 9. The firm earned “Buy” rating on Friday, September 18 by Deutsche Bank. The stock has “Overweight” rating given by Barclays Capital on Tuesday, December 8. The stock of Charles Schwab Corp (NYSE:SCHW) earned “Neutral” rating by SunTrust on Wednesday, March 23. Nomura maintained the shares of SCHW in a report on Monday, July 11 with “Buy” rating. The firm has “Buy” rating given on Wednesday, March 23 by Argus Research.

Insitutional Activity: The institutional sentiment decreased to 1.05 in Q2 2016. Its down 0.24, from 1.29 in 2016Q1. The ratio turned negative, as 56 funds sold all Charles Schwab Corp shares owned while 214 reduced positions. 74 funds bought stakes while 275 increased positions. They now own 1.00 billion shares or 2.12% less from 1.02 billion shares in 2016Q1.

Goldman Sachs has 0.04% invested in the company for 5.42M shares. The Oregon-based Orca Invest Ltd Liability Company has invested 0.45% in Charles Schwab Corp (NYSE:SCHW). The Manitoba – Canada-based Great West Life Assurance Com Can has invested 0.06% in Charles Schwab Corp (NYSE:SCHW). Hm Payson & has 0.04% invested in the company for 35,108 shares. The Washington-based Perkins Coie Tru has invested 0.88% in Charles Schwab Corp (NYSE:SCHW). Principal Gp Incorporated has 2.07 million shares for 0.07% of their US portfolio. Brown Advisory last reported 11.47M shares in the company. Dana Advsrs has 0.02% invested in the company for 14,070 shares. Btr Capital Inc owns 10,297 shares or 0.06% of their US portfolio. Route One Lp accumulated 5.54% or 4.06 million shares. Moreover, Massmutual Trust Fsb Adv has 0% invested in Charles Schwab Corp (NYSE:SCHW) for 5,809 shares. Sand Hill Advisors Limited Co has invested 0.82% of its portfolio in Charles Schwab Corp (NYSE:SCHW). Jpmorgan Chase & last reported 36.74 million shares in the company. Thompson Davis & Co accumulated 0% or 55 shares. Moreover, Mariner Wealth Advsrs Limited Company has 0.02% invested in Charles Schwab Corp (NYSE:SCHW) for 15,986 shares.

Insider Transactions: Since May 27, 2016, the stock had 1 buy, and 18 selling transactions for $94.36 million net activity. Another trade for 600,000 shares valued at $19.97 million was sold by SCHWAB CHARLES R. On Thursday, October 20 the insider Murtagh Nigel J sold $483,230. 4,900 shares were bought by ADAMS JOHN K JR, worth $149,984. On Thursday, November 3 the insider Kallsen Terri R sold $267,213. The insider Bettinger Walter W sold $19.98M. Another trade for 14,000 shares valued at $451,878 was made by Chandoha Marie A on Thursday, October 20. Shares for $8.03 million were sold by MARTINETTO JOSEPH R.

About 9.63M shares traded hands. Charles Schwab Corp (NYSE:SCHW) has risen 31.27% since April 21, 2016 and is uptrending. It has outperformed by 25.94% the S&P500.

The Charles Schwab Corporation is a savings and loan holding company. The company has a market cap of $52.06 billion. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. It has a 31.66 P/E ratio. The Firm provides financial services to individuals and institutional clients through two divisions: Investor Services and Advisor Services.

According to Zacks Investment Research, “Charles Schwab Corp. provides a full-service investing experience to customers through a clicks and mortar multi-dimensional, five channel offering of the Internet, branch offices, speech recognition, touch-tone telephone, e-mail and wireless technologies, multilingual and international services, and direct access to professionals day or night.”

Analysts await Charles Schwab Corp (NYSE:SCHW) to report earnings on January, 17. They expect $0.35 EPS, up 40.00% or $0.10 from last year’s $0.25 per share. SCHW’s profit will be $465.74 million for 27.95 P/E if the $0.35 EPS becomes a reality. After $0.34 actual EPS reported by Charles Schwab Corp for the previous quarter, Wall Street now forecasts 2.94% EPS growth.

More recent Charles Schwab Corp (NYSE:SCHW) news were published by: Barrons.com which released: “Charles Schwab-LPL Deal Unlikely” on November 22, 2016. Also Forbes.com published the news titled: “Ex-Dividend Reminder: Capital One Financial, Charles Schwab and Kemper” on November 07, 2016. Businesswire.com‘s news article titled: “Schwab Reports Monthly Activity Highlights” with publication date: November 14, 2016 was also an interesting one.

SCHW Company Profile

The Charles Schwab Corporation (CSC), incorporated on November 25, 1986, 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 Firm provides financial services to individuals and institutional clients through two divisions: Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services and other corporate brokerage services. The Advisor Services segment provides custodial, trading, and support services as well as retirement business services. The Firm offers a range of products to address individuals’ varying investment and financial needs. The Company’s product offerings include brokerage, mutual funds, exchange-traded funds (ETFs), advice solutions, banking and trust. It offer an array of brokerage accounts with cash management capabilities. The Firm offers third-party mutual funds through the Mutual Fund Marketplace, including no-transaction fee mutual funds through the Mutual Fund OneSource service, which also includes proprietary mutual funds, plus mutual fund trading and clearing services to broker-dealers. CSC offers a range of ETFs, including proprietary and third-party ETFs available without a commission through Schwab ETF OneSource. The Company’s Advice solutions comprises managed portfolios of both proprietary and third-party mutual funds and ETFs, separately managed accounts, customized personal advice for tailored portfolios, and specialized planning and full-time portfolio management. The Company’s Banking services comprise checking and savings accounts, certificates of deposit, first lien residential real estate mortgage loans (First Mortgages), home equity loans and lines of credit (HELOCs) and Pledged Asset Lines (PALs). The Company’s Trust services include trust custody services, personal trust reporting services and administrative trustee services.

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