Traders Buy The Charles Schwab (SCHW) on Weakness

Investors purchased shares of The Charles Schwab Corporation (NYSE:SCHW) on weakness during trading hours on Monday. $93.76 million flowed into the stock on the tick-up and $41.70 million flowed out of the stock on the tick-down, for a money net flow of $52.06 million into the stock. Of all companies tracked, The Charles Schwab had the 11th highest net in-flow for the day. The Charles Schwab traded down ($0.67) for the day and closed at $50.72

SCHW has been the topic of a number of research reports. BidaskClub downgraded shares of The Charles Schwab from a “sell” rating to a “strong sell” rating in a research note on Friday, September 8th. Morgan Stanley lifted their price target on shares of The Charles Schwab from $51.00 to $53.00 and gave the stock an “overweight” rating in a research note on Thursday, October 5th. Barclays lifted their price target on shares of The Charles Schwab from $48.00 to $51.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 10th. Deutsche Bank lifted their price target on shares of The Charles Schwab from $46.00 to $47.00 and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Finally, Credit Suisse Group initiated coverage on shares of The Charles Schwab in a research note on Thursday, November 30th. They set an “outperform” rating and a $55.00 price target on the stock. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $47.56.

The stock has a market cap of $67,994.02, a P/E ratio of 32.51, a PEG ratio of 2.16 and a beta of 1.74. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.31 and a quick ratio of 0.30.

The Charles Schwab (NYSE:SCHW) last released its earnings results on Wednesday, October 18th. The financial services provider reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.01. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.18 billion. The Charles Schwab had a net margin of 27.30% and a return on equity of 15.77%. The company’s revenue was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.35 EPS. equities research analysts expect that The Charles Schwab Corporation will post 1.62 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Friday, November 10th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.62%. The ex-dividend date was Thursday, November 9th. The Charles Schwab’s payout ratio is currently 20.51%.

In other news, EVP Terri R. Kallsen sold 815 shares of The Charles Schwab stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $43.97, for a total value of $35,835.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Peter B. Crawford sold 12,459 shares of The Charles Schwab stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $51.58, for a total transaction of $642,635.22. Following the completion of the transaction, the chief financial officer now directly owns 7,652 shares of the company’s stock, valued at $394,690.16. The disclosure for this sale can be found here. Insiders sold a total of 1,778,324 shares of company stock valued at $82,710,964 in the last three months. Insiders own 12.00% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of SCHW. American Century Companies Inc. boosted its stake in The Charles Schwab by 19.4% during the 2nd quarter. American Century Companies Inc. now owns 4,139,650 shares of the financial services provider’s stock valued at $177,839,000 after purchasing an additional 673,011 shares during the period. Principal Financial Group Inc. boosted its stake in The Charles Schwab by 17.3% during the 2nd quarter. Principal Financial Group Inc. now owns 3,100,144 shares of the financial services provider’s stock valued at $133,182,000 after purchasing an additional 457,591 shares during the period. Cubist Systematic Strategies LLC boosted its stake in The Charles Schwab by 317.6% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 51,701 shares of the financial services provider’s stock valued at $2,221,000 after purchasing an additional 39,321 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its stake in The Charles Schwab by 1.6% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,417,577 shares of the financial services provider’s stock valued at $103,859,000 after purchasing an additional 38,306 shares during the period. Finally, CIBC World Markets Inc. acquired a new position in The Charles Schwab during the 2nd quarter valued at about $282,000. 79.84% of the stock is owned by institutional investors and hedge funds.

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The 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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