November 30, 2016 - By whatsonthorold
Charles Schwab, Chairman of Schwab Charles Corp, in an insider selling made a sale of 16,000 shares whose value is estimated to be $616,133 at average stock price of $38.5. This is not his first insider trade, in the last month, he sold another 900,000 shares worth $30,597,728 USD. At the moment, Charles Schwab has in hand a total of 141.85 million shares or 10.67% of the company’s total market cap. More information about the deal dated 29/11/2016, could be found at your disposal for a review in a legal report on the SEC website here.
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 stock of Charles Schwab Corp (NYSE:SCHW) has “Buy” rating given on Monday, April 4 by Nomura. The firm has “Buy” rating by Deutsche Bank given on Monday, July 18. The company was maintained on Thursday, June 16 by Deutsche Bank. Compass Point maintained Charles Schwab Corp (NYSE:SCHW) rating on Friday, October 16. Compass Point has “Neutral” rating and $28 price target. The stock of Charles Schwab Corp (NYSE:SCHW) has “Buy” rating given on Wednesday, October 5 by Deutsche Bank. Citigroup maintained Charles Schwab Corp (NYSE:SCHW) rating on Friday, April 15. Citigroup has “Neutral” rating and $32 price target. The firm has “Overweight” rating given on Wednesday, August 26 by Barclays Capital. The firm earned “Buy” rating on Friday, October 16 by UBS. On Thursday, September 22 the stock rating was maintained by CLSA with “Outperform”. The stock of Charles Schwab Corp (NYSE:SCHW) earned “Neutral” rating by Piper Jaffray on Friday, December 18.
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.
Stifel Financial Corp reported 222,077 shares or 0.03% of all its holdings. Maryland Mgmt accumulated 538,874 shares or 2.15% of the stock. Egerton Cap (Uk) Llp holds 9.77M shares or 2.78% of its portfolio. Arrow Finance Corporation holds 0% of its portfolio in Charles Schwab Corp (NYSE:SCHW) for 770 shares. Highland Cap Management Limited Liability Corporation last reported 8,775 shares in the company. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Management Corporation has 937,700 shares for 0.27% of their US portfolio. Tarbox Group Inc holds 0.01% of its portfolio in Charles Schwab Corp (NYSE:SCHW) for 618 shares. Apriem owns 100 shares or 0% of their US portfolio. West Oak Cap Ltd accumulated 0% or 47,140 shares. Gillespie Robinson And Grimm accumulated 623,180 shares or 2.53% of the stock. Ls Investment Advsrs Limited last reported 24,097 shares in the company. Grassi Investment Mngmt has invested 0.12% of its portfolio in Charles Schwab Corp (NYSE:SCHW). King Luther Capital Management Corp last reported 0% of its portfolio in the stock. Aviance Capital Partners Ltd Liability Corp, a Florida-based fund reported 27,000 shares. Magnetar Fin Ltd Liability Co reported 48,508 shares or 0.02% of all its holdings.
Insider Transactions: Since May 31, 2016, the stock had 0 insider purchases, and 20 selling transactions for $96.36 million net activity. Chandoha Marie A also sold $3.73M worth of Charles Schwab Corp (NYSE:SCHW) on Wednesday, November 16. Kallsen Terri R sold 6,894 shares worth $193,093. Murtagh Nigel J also sold $483,230 worth of Charles Schwab Corp (NYSE:SCHW) on Thursday, October 20. 600,000 shares were sold by SCHWAB CHARLES R, worth $19.97M on Tuesday, November 8. On Thursday, November 10 the insider Clark Bernard J. sold $3.29 million. Bettinger Walter W also sold $3.57 million worth of Charles Schwab Corp (NYSE:SCHW) shares. $8.03M worth of Charles Schwab Corp (NYSE:SCHW) was sold by MARTINETTO JOSEPH R.
The stock increased 0.29% or $0.11 during the last trading session, hitting $38.46. About 6.96M 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 EPS, up 40.00% or $0.10 from last year’s $0.25 per share. SCHW’s profit will be $456.38 million for 27.47 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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