The Charles Schwab Corp (SCHW) EVP Sells $212603.60 in Stock

Charles Schwab Introduces a “Hybrid Robo”

Several analysts have commented on the stock. The stock of Charles Schwab Corp (NYSE:SCHW) earned "Buy" rating by Deutsche Bank on Wednesday, October 5. The shares were sold at an average price of $42.20, for a total value of $212,603.60. Finally, Bank of America Corp reiterated a "buy" rating and issued a $47.00 price target on shares of Charles Schwab Corp in a research note on Friday, March 3rd. If you are reading this story on another site, it was illegally copied and republished in violation of USA & worldwide trademark and copyright legislation. The company had revenue of $1972.00 million for the quarter, compared to analysts expectations of $1988.57 million.

Charles Schwab Corp (NYSE:SCHW) traded at a yearly high level of $43.36 during the last trading session. Castleark Mgmt Llc has 1.22 million shares. The company has a market capitalization of $56.71 billion, a price-to-earnings ratio of 32.43 and a beta of 1.78. Charles Schwab Corp has a one year low of $23.83 and a one year high of $43.36.

The profit margin can answer significantly to find consistent trends in a firm's earnings, The Charles Schwab Corporation (NYSE:SCHW) has positive 22.80% profit margin that indicates every dollar of sales a firm actually keeps in earnings, and the larger number indicates improving and vise worse. The company reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36. Charles Schwab Corp had a return on equity of 14.65% and a net margin of 25.26%. During the same quarter previous year, the business posted $0.24 EPS.

Looking forward, the company is expected to report earnings of $0.36 per share for the current quarter.

The firm also recently declared a quarterly dividend, which was paid on Friday, February 24th. Investors of record on Friday, February 10th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.75%. This is a positive change from Charles Schwab Corp's previous quarterly dividend of $0.07. Because the redemption date is also a dividend payment date, the redemption price does not include any accrued and unpaid dividends. Beck Mack And Oliver Llc has invested 0.01% of its portfolio in Charles Schwab Corp (NYSE:SCHW).

In a transaction on 2017-03-13, the company's President - CSIM Chandoha Marie A sold 8,903 company shares for 382920. The shares were sold at an average price of $40.04, for a total transaction of $388,588.20. SunTrust upgraded the stock to "Buy" rating in Tuesday, October 18 report. In addition, by means of a transaction dated 2017-03-08, EVP - Advisor Services Clark Bernard J. sold 5,038 shares worth $212600. The company's shares were closed at $42.72. The disclosure for this sale can be found here. The short ratio in the company's stock is documented at 2.52 and the short float is around of 1.67%.

We noted a few insider transactions for the stock recently as well. Public Employees Retirement System of OH now owns 853,822 shares of the company's stock valued at $21,610,000 after buying an additional 15,128 shares in the last quarter. Balentine LLC increased its position in shares of Charles Schwab Corp by 1.2% in the third quarter. Public Sector Pension Investment Board now owns 227,949 shares of the company's stock valued at $5,769,000 after buying an additional 33,400 shares in the last quarter. Capwealth Advsr Limited Company holds 0.1% or 12,122 shares in its portfolio. Insiders own 12.60% of the company's stock.

The Charles Schwab Corporation (CSC) is a savings and loan holding company.

Wirehouses such as Wells Fargo Advisors, UBS Wealth Management and Merrill Lynch that generally will not pay brokers on accounts of less than $100,000 to $250,000 are introducing cheap robo platforms for low-end clients or children of current clients, while money management giants such as Vanguard Investments already offer a hybrid robo product for 30 basis points. Hamilton Point Advisors Ltd Company has invested 3.13% in Charles Schwab Corp (NYSE:SCHW).

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