November 28, 2016 - By Vivian Park
Walter Bettinger; that is an insider in Schwab Charles Corp who is the most recent to unload shares in the firm for which he serves as a President and CEO. He in the last few days made a sale of 34,233 shares of the company, worth about $1,342,160 U.S Dollars, that is a price per share of close to $39.2. It seems he is very active lately as in the last month, he silently unloaded additional 100,800 shares of the company, worth $3,574,348 USD. This trade was pretty big one, so clearly it won’t go unseen. Currently, he has ownership of 253,160 shares or roughly 0.02% of the company’s market cap (share price times the number of shares outstanding).
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 -11.66% below today’s ($38.42) stock price. Charles Schwab has been the topic of 43 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The stock of Charles Schwab Corp (NYSE:SCHW) earned “Neutral” rating by Compass Point on Friday, October 16. The company was upgraded on Tuesday, October 18 by SunTrust. The firm earned “Buy” rating on Monday, January 25 by Nomura. The stock of Charles Schwab Corp (NYSE:SCHW) has “Buy” rating given on Monday, July 18 by Deutsche Bank. On Friday, April 15 the stock rating was maintained by Citigroup with “Neutral”. JP Morgan maintained the shares of SCHW in a report on Thursday, April 14 with “Overweight” rating. The stock of Charles Schwab Corp (NYSE:SCHW) earned “Buy” rating by Deutsche Bank on Thursday, March 17. Piper Jaffray downgraded it to “Neutral” rating and $36.0 target price in Friday, December 18 report. Barclays Capital maintained Charles Schwab Corp (NYSE:SCHW) on Tuesday, August 9 with “Overweight” rating. The firm earned “Overweight” rating on Wednesday, August 26 by Barclays Capital.
Insitutional Activity: The institutional sentiment decreased to 1.05 in 2016 Q2. Its down 0.24, from 1.29 in 2016Q1. The ratio worsened, 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.
First Western Management Co has invested 1.26% of its portfolio in Charles Schwab Corp (NYSE:SCHW). Cobiz Inv Ltd Liability Corp holds 196,197 shares or 1.25% of its portfolio. Commonwealth Bank Of Australia has 3,247 shares for 0% of their US portfolio. Boston Private Wealth Ltd Com accumulated 0.22% or 213,624 shares. Qs Invsts Ltd Llc holds 0% of its portfolio in Charles Schwab Corp (NYSE:SCHW) for 23,160 shares. The Louisiana-based Louisiana State Employees Retirement Sys has invested 0.11% in Charles Schwab Corp (NYSE:SCHW). Stonebridge Advisors Limited Liability reported 48,211 shares or 0.41% of all its holdings. Century Cos holds 4.66 million shares or 0.13% of its portfolio. Highlander Limited Liability Company last reported 743 shares in the company. Ubs Oconnor Ltd Liability Corporation accumulated 2.20M shares or 0% of the stock. Marquette Asset Mgmt owns 8,869 shares or 0.1% of their US portfolio. Victory Cap Mngmt Inc has 0.06% invested in the company for 638,012 shares. Maltese Capital Mgmt Ltd Liability Corporation owns 148,100 shares or 0.47% of their US portfolio. Osborne Prns Cap Limited Liability Corp, a California-based fund reported 14,119 shares. Princeton Strategies Ltd has 62,454 shares for 0.51% of their US portfolio.
Insider Transactions: Since May 31, 2016, the stock had 0 insider buys, and 19 selling transactions for $95.02 million net activity. $385,910 worth of shares were sold by Chandoha Marie A on Thursday, November 10. ADAMS JOHN K JR had bought 4,900 shares worth $149,984 on Tuesday, May 31. On Thursday, November 10 the insider Murtagh Nigel J sold $343,770. 600,000 shares were sold by SCHWAB CHARLES R, worth $19.97 million on Tuesday, November 8. $3.29M worth of Charles Schwab Corp (NYSE:SCHW) shares were sold by Clark Bernard J. 612,000 shares were sold by Bettinger Walter W, worth $19.98M. Kallsen Terri R sold $267,213 worth of stock.
About 3.77M shares traded hands. Charles Schwab Corp (NYSE:SCHW) has risen 31.59% since April 25, 2016 and is uptrending. It has outperformed by 25.58% the S&P500.
The Charles Schwab Corporation is a savings and loan holding company. The company has a market cap of $50.78 billion. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. It has a 31.09 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 $462.60 million for 27.44 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: Investorplace.com which released: “Trade of the Day: Charles Schwab Corp (SCHW) Earnings Keep On Growing” on November 01, 2016. Also Barrons.com published the news titled: “Charles Schwab-LPL Deal Unlikely” on November 22, 2016. Forbes.com‘s news article titled: “Ex-Dividend Reminder: Capital One Financial, Charles Schwab and Kemper” with publication date: November 07, 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 Vivian Park