November 30, 2016 - By Marie Mckinney
A few days ago, the director of Schwab Charles Corp, Mr. Arun Sarin, sold amount of company shares – 10,000, totalling $385,974 U.S. Dollars, estimated based on $38.6 per every share. Presently, he has 13,858 shares or 0.00% of the company’s total 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 -11.75% below today’s ($38.46) stock price. Charles Schwab has been the topic of 43 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The rating was maintained by Deutsche Bank with “Buy” on Thursday, June 16. As per Tuesday, September 8, the company rating was upgraded by JP Morgan. On Friday, December 18 the stock rating was downgraded by Piper Jaffray to “Neutral”. As per Thursday, October 13, the company rating was upgraded by Bank of America. The rating was initiated by Morgan Stanley on Monday, September 26 with “Overweight”. The stock of Charles Schwab Corp (NYSE:SCHW) has “Buy” rating given on Friday, May 27 by Deutsche Bank. The firm has “Buy” rating by Nomura given on Monday, July 11. SunTrust initiated Charles Schwab Corp (NYSE:SCHW) rating on Wednesday, March 23. SunTrust has “Neutral” rating and $31 price target. The stock of Charles Schwab Corp (NYSE:SCHW) has “Buy” rating given on Thursday, April 7 by Jefferies. Barclays Capital maintained Charles Schwab Corp (NYSE:SCHW) on Tuesday, August 9 with “Overweight” rating.
Insitutional Activity: The institutional sentiment decreased to 1.05 in 2016 Q2. Its down 0.24, from 1.29 in 2016Q1. The ratio is 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.
Cim Inv Mangement holds 32,016 shares or 0.34% of its portfolio. First Western Cap Mgmt Commerce last reported 1.26% of its portfolio in the stock. Amalgamated Bankshares holds 94,682 shares or 0.16% of its portfolio. Lmr Prtnrs Llp has 0.27% invested in the company for 68,986 shares. Moreover, Bowen Hanes And Co has 1.26% invested in Charles Schwab Corp (NYSE:SCHW) for 918,255 shares. Wetherby Asset Incorporated holds 0.17% or 30,096 shares in its portfolio. Moreover, C M Bidwell & Associates has 0.84% invested in Charles Schwab Corp (NYSE:SCHW) for 133,235 shares. The Illinois-based Nuveen Asset Mgmt Ltd Company has invested 0.03% in Charles Schwab Corp (NYSE:SCHW). First In holds 0.4% or 27,375 shares in its portfolio. American National Registered Investment Advisor has 36,590 shares for 0.43% of their US portfolio. Reilly Fincl Advsrs Limited Liability Corp holds 0.02% or 4,248 shares in its portfolio. Mark Asset Mgmt has invested 2.72% of its portfolio in Charles Schwab Corp (NYSE:SCHW). Ami Asset Mgmt Corp has invested 1.5% of its portfolio in Charles Schwab Corp (NYSE:SCHW). Atlanta Cap Mgmt L L C holds 0.23% of its portfolio in Charles Schwab Corp (NYSE:SCHW) for 1.36M shares. Brown Advisory Securities Limited, a Maryland-based fund reported 134,248 shares.
Insider Transactions: Since May 31, 2016, the stock had 0 buys, and 20 sales for $96.36 million net activity. Shares for $1.34M were sold by Bettinger Walter W. Murtagh Nigel J sold 15,000 shares worth $483,230. $385,910 worth of Charles Schwab Corp (NYSE:SCHW) was sold by Chandoha Marie A. On Wednesday, October 26 the insider MARTINETTO JOSEPH R sold $8.03M. 6,894 shares were sold by Kallsen Terri R, worth $193,093. On Tuesday, November 22 the insider Clark Bernard J. sold $2.41M. The insider SCHWAB CHARLES R sold $10.63M.
The stock increased 0.29% or $0.11 during the last trading session, hitting $38.46. About 6.96 million shares traded hands. Charles Schwab Corp (NYSE:SCHW) has risen 28.43% since April 26, 2016 and is uptrending. It has outperformed by 23.17% the S&P500.
The Charles Schwab Corporation is a savings and loan holding company. The company has a market cap of $50.15 billion. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. It has a 31.12 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 $456.38M for 27.47 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: 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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