Investors Sell Charles Schwab (SCHW) on Strength (SCHW)

Investors sold shares of Charles Schwab Corp (NYSE:SCHW) on strength during trading on Wednesday. $63.48 million flowed into the stock on the tick-up and $133.20 million flowed out of the stock on the tick-down, for a money net flow of $69.72 million out of the stock. Of all stocks tracked, Charles Schwab had the 29th highest net out-flow for the day. Charles Schwab traded up $0.56 for the day and closed at $56.09

Several research firms recently issued reports on SCHW. Credit Suisse Group began coverage on shares of Charles Schwab in a research note on Thursday, November 30th. They set an “outperform” rating and a $55.00 price target on the stock. Wells Fargo & Co reaffirmed a “market perform” rating and set a $55.00 price target (up previously from $47.00) on shares of Charles Schwab in a research note on Thursday, January 4th. Zacks Investment Research raised shares of Charles Schwab from a “hold” rating to a “strong-buy” rating and set a $60.00 price target on the stock in a research note on Friday, January 5th. Barclays lifted their price target on shares of Charles Schwab from $48.00 to $51.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 10th. Finally, SunTrust Banks lifted their price target on shares of Charles Schwab to $56.00 and gave the stock an “average” rating in a research note on Friday, December 15th. They noted that the move was a valuation call. Six analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $51.81.

The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.30 and a current ratio of 0.31. The stock has a market cap of $75,110.00, a price-to-earnings ratio of 35.96, a P/E/G ratio of 1.38 and a beta of 1.75.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.01. Charles Schwab had a net margin of 27.30% and a return on equity of 15.77%. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period in the previous year, the business posted $0.35 EPS. The company’s quarterly revenue was up 13.1% on a year-over-year basis. analysts predict that Charles Schwab Corp will post 1.61 EPS for the current fiscal year.

In other news, Chairman Charles R. Schwab sold 225,000 shares of Charles Schwab stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $44.89, for a total value of $10,100,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Terri R. Kallsen sold 2,026 shares of Charles Schwab stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $51.30, for a total transaction of $103,933.80. Following the completion of the transaction, the executive vice president now directly owns 1,706 shares of the company’s stock, valued at $87,517.80. The disclosure for this sale can be found here. Insiders sold a total of 1,658,531 shares of company stock valued at $77,397,901 over the last ninety days. Company insiders own 12.00% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of SCHW. Capital Research Global Investors boosted its holdings in shares of Charles Schwab by 86.3% in the 2nd quarter. Capital Research Global Investors now owns 24,237,199 shares of the financial services provider’s stock valued at $1,041,230,000 after buying an additional 11,224,199 shares during the period. Janus Henderson Group PLC boosted its stake in Charles Schwab by 1,766.9% during the 2nd quarter. Janus Henderson Group PLC now owns 9,357,736 shares of the financial services provider’s stock valued at $402,011,000 after purchasing an additional 8,856,483 shares during the period. FMR LLC boosted its stake in Charles Schwab by 11.3% during the 2nd quarter. FMR LLC now owns 30,766,004 shares of the financial services provider’s stock valued at $1,321,708,000 after purchasing an additional 3,128,532 shares during the period. Vanguard Group Inc. boosted its stake in Charles Schwab by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 81,925,586 shares of the financial services provider’s stock valued at $3,519,523,000 after purchasing an additional 2,536,947 shares during the period. Finally, Amundi Pioneer Asset Management Inc. boosted its stake in Charles Schwab by 90.2% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 4,887,840 shares of the financial services provider’s stock valued at $213,794,000 after purchasing an additional 2,318,498 shares during the period. 79.59% of the stock is owned by institutional investors and hedge funds.

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Charles Schwab Company Profile

The Charles Schwab Corporation (CSC) 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 Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services.

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