Charles Schwab Corp (SCHW) Short Interest Update
Charles Schwab Corp (NYSE:SCHW) saw a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 20,372,625 shares, a decline of 18.7% from the January 12th total of 25,070,835 shares. Currently, 1.7% of the company’s shares are sold short. Based on an average daily trading volume, of 7,663,001 shares, the short-interest ratio is currently 2.7 days.
Shares of Charles Schwab (NYSE SCHW) opened at $52.40 on Thursday. Charles Schwab has a 52-week low of $37.16 and a 52-week high of $56.25. 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 company has a market cap of $70,250.00, a P/E ratio of 32.55, a P/E/G ratio of 1.26 and a beta of 1.63.
Charles Schwab (NYSE:SCHW) last posted its earnings results on Wednesday, January 17th. The financial services provider reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.03. Charles Schwab had a net margin of 27.32% and a return on equity of 16.31%. The company had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the prior year, the company posted $0.36 earnings per share. Charles Schwab’s revenue for the quarter was up 13.7% compared to the same quarter last year. equities analysts forecast that Charles Schwab will post 2.37 EPS for the current fiscal year.
SCHW has been the subject of several research reports. Deutsche Bank upped their price target on shares of Charles Schwab from $46.00 to $47.00 and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Credit Suisse Group initiated coverage on shares of Charles Schwab in a research report on Thursday, November 30th. They issued an “outperform” rating and a $55.00 price target for the company. SunTrust Banks upped their price target on shares of Charles Schwab to $56.00 and gave the stock an “average” rating in a research report on Friday, December 15th. They noted that the move was a valuation call. JMP Securities cut shares of Charles Schwab from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 3rd. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and issued a $55.00 price target (up previously from $47.00) on shares of Charles Schwab in a research report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Charles Schwab presently has a consensus rating of “Buy” and an average target price of $53.88.
In other Charles Schwab news, Chairman Charles R. Schwab sold 300,000 shares of the business’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $55.31, for a total value of $16,593,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Nigel J. Murtagh sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $45.79, for a total transaction of $457,900.00. Following the completion of the sale, the executive vice president now directly owns 33,441 shares of the company’s stock, valued at $1,531,263.39. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,658,944 shares of company stock valued at $85,578,020. 12.00% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of the stock. Zeke Capital Advisors LLC lifted its position in Charles Schwab by 4.8% during the fourth quarter. Zeke Capital Advisors LLC now owns 21,903 shares of the financial services provider’s stock valued at $1,125,000 after acquiring an additional 994 shares during the last quarter. LPL Financial LLC increased its stake in Charles Schwab by 8.7% during the 4th quarter. LPL Financial LLC now owns 199,080 shares of the financial services provider’s stock valued at $10,227,000 after purchasing an additional 15,854 shares in the last quarter. Covington Capital Management increased its stake in Charles Schwab by 1.4% during the 4th quarter. Covington Capital Management now owns 390,688 shares of the financial services provider’s stock valued at $20,070,000 after purchasing an additional 5,526 shares in the last quarter. Meadow Creek Investment Management LLC increased its stake in Charles Schwab by 17.2% during the 4th quarter. Meadow Creek Investment Management LLC now owns 29,736 shares of the financial services provider’s stock valued at $1,528,000 after purchasing an additional 4,368 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. increased its stake in Charles Schwab by 6.9% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 252,006 shares of the financial services provider’s stock valued at $12,945,000 after purchasing an additional 16,263 shares in the last quarter. 79.47% of the stock is owned by institutional investors.
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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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