November 23, 2016 - By Linda Rogers
The EVP – Advisor Services of Schwab Charles Corp, Bernard Clark has made a surprising trade in the Pinksheet-listed company that is with a total value of $2,412,470 USD. As announced in the Washington-based Security and Exchange Commission form filed on 23-11-2016, Bernard unloaded 63,256 shares calculated with average price per share of $38.1. It seems he is very active lately as in the last month, he silently sold additional 186,292 shares of the company, worth $6,578,940 USD. Due to the size of the sell there is little chance that it will go unnoticed. Bernard Clark currently owns 56,745 shares or 0.00% of Schwab Charles Corp’s market cap.
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 -13.02% below today’s ($39.02) stock price. Charles Schwab has been the topic of 43 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, October 16 by Deutsche Bank. On Tuesday, October 18 the stock rating was upgraded by SunTrust to “Buy”. The rating was maintained by UBS on Friday, October 16 with “Buy”. The rating was upgraded by Nomura to “Buy” on Monday, January 25. The stock of Charles Schwab Corp (NYSE:SCHW) earned “Buy” rating by Deutsche Bank on Thursday, March 17. The firm has “Outperform” rating given on Thursday, September 22 by CLSA. The firm earned “Overweight” rating on Thursday, October 13 by Barclays Capital. On Friday, September 18 the stock rating was maintained by Deutsche Bank with “Buy”. Morgan Stanley initiated the stock with “Overweight” rating in Monday, September 26 report. The rating was maintained by Barclays Capital with “Overweight” on Tuesday, August 9.
Insitutional Activity: The institutional sentiment decreased to 1.05 in Q2 2016. Its down 0.24, from 1.29 in 2016Q1. The ratio fall, 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.
Sol accumulated 46,446 shares or 0.39% of the stock. Farmers Merchants holds 0% or 288 shares in its portfolio. Moreover, Landscape Cap Lc has 0.08% invested in Charles Schwab Corp (NYSE:SCHW) for 22,809 shares. Fayez Sarofim has invested 0.01% of its portfolio in Charles Schwab Corp (NYSE:SCHW). Blackrock Management Limited Co last reported 2.62 million shares in the company. Moreover, Tiaa Cref Investment Mngmt Limited Liability Co has 0.11% invested in Charles Schwab Corp (NYSE:SCHW) for 5.78M shares. Moreover, Putnam Invs Lc has 0.41% invested in Charles Schwab Corp (NYSE:SCHW) for 6.67M shares. The California-based Payden & Rygel has invested 0.01% in Charles Schwab Corp (NYSE:SCHW). Egerton Cap (Uk) Llp last reported 2.78% of its portfolio in the stock. Marco Mngmt Ltd has invested 0.54% of its portfolio in Charles Schwab Corp (NYSE:SCHW). Macquarie Group Inc Limited holds 0% of its portfolio in Charles Schwab Corp (NYSE:SCHW) for 24,100 shares. Agran Libbie holds 0.1% of its portfolio in Charles Schwab Corp (NYSE:SCHW) for 15,368 shares. Comml Bank Of Montreal Can accumulated 1.20 million shares or 0.03% of the stock. East Coast Asset Limited, a Massachusetts-based fund reported 202,500 shares. Rand Wealth Limited Liability Company accumulated 0.03% or 10,150 shares.
Insider Transactions: Since May 27, 2016, the stock had 1 insider buy, and 17 selling transactions for $91.95 million net activity. $19.98M worth of Charles Schwab Corp (NYSE:SCHW) was sold by Bettinger Walter W on Wednesday, October 19. ADAMS JOHN K JR bought 4,900 shares worth $149,984. Another trade for 14,000 shares valued at $451,878 was sold by Chandoha Marie A. Clark Bernard J. also sold $3.29M worth of Charles Schwab Corp (NYSE:SCHW) on Thursday, November 10. SCHWAB CHARLES R had sold 300,000 shares worth $10.63 million on Thursday, November 10. Another trade for 8,509 shares valued at $267,213 was made by Kallsen Terri R on Thursday, November 3. Murtagh Nigel J also sold $74,303 worth of Charles Schwab Corp (NYSE:SCHW) on Friday, August 5.
About 6.12M 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 $51.92 billion. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. It has a 31.57 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 earnings per share, up 40.00% or $0.10 from last year’s $0.25 per share. SCHW’s profit will be $465.74 million for 27.86 P/E if the $0.35 EPS becomes a reality. After $0.34 actual earnings per share 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.
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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By Linda Rogers