Charles Schwab Corp Has More Gas To Decrease After Today’s Bearish Options Activity

 Charles Schwab Corp Has More Gas To Decrease After Today's Bearish Options Activity

In today’s session Charles Schwab Corp (SCHW) recorded an unusually high (424) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious SCHW decrease. With 424 contracts traded and 7044 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: SCHW161216P00030000 closed last at: $1 or 28.6% down. The stock increased 1.18% or $0.37 during the last trading session, hitting $31.85. About 9.51 million shares traded hands or 29.92% up from the average. Charles Schwab Corp (NYSE:SCHW) has risen 19.29% since March 1, 2016 and is uptrending. It has outperformed by 10.05% the S&P500.

Analysts await Charles Schwab Corp (NYSE:SCHW) to report earnings on October, 20. They expect $0.33 earnings per share, up 22.22% or $0.06 from last year’s $0.27 per share. SCHW’s profit will be $435.37M for 24.13 P/E if the $0.33 EPS becomes a reality. After $0.30 actual earnings per share reported by Charles Schwab Corp for the previous quarter, Wall Street now forecasts 10.00% EPS growth.

Charles Schwab Corp (NYSE:SCHW) Ratings Coverage

Out of 14 analysts covering Charles Schwab (NYSE:SCHW), 9 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 64% are positive. $39.0 is the highest target while $28 is the lowest. The $33.44 average target is 4.99% above today’s ($31.85) stock price. Charles Schwab has been the topic of 38 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Deutsche Bank given on Thursday, June 16. The stock of Charles Schwab Corp (NYSE:SCHW) has “Overweight” rating given on Tuesday, December 8 by Barclays Capital. The firm has “Overweight” rating by Morgan Stanley given on Monday, September 26. The firm has “Overweight” rating by Barclays Capital given on Tuesday, August 11. As per Friday, January 8, the company rating was maintained by Deutsche Bank. The rating was maintained by Nomura with “Buy” on Monday, July 11. Deutsche Bank maintained it with “Buy” rating and $38 target price in Friday, September 18 report. The company was downgraded on Friday, December 18 by Piper Jaffray. The firm has “Neutral” rating by Citigroup given on Friday, April 15. The rating was maintained by Nomura on Monday, April 4 with “Buy”.

Insitutional Activity: The institutional sentiment increased to 1.29 in Q2 2016. Its up 0.04, from 1.25 in 2016Q1. The ratio is positive, 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.
Rockefeller Inc accumulated 0% or 1,791 shares. Moreover, Csat Advisory Lp has 4.52% invested in Charles Schwab Corp (NYSE:SCHW) for 85,006 shares. Dana Inv reported 14,070 shares or 0.02% of all its holdings. Euclid Advisors Limited Liability Company has 8,520 shares for 0.01% of their US portfolio. Gamco Invsts Et Al holds 0.03% or 165,116 shares in its portfolio. Archford Capital Strategies Lc holds 130 shares or 0% of its portfolio. Huntington Bancorp has 0.01% invested in the company for 19,238 shares. Mackenzie holds 0.02% or 105,912 shares in its portfolio. Loews Corporation has 100,000 shares for 0.02% of their US portfolio. Utd Financial Advisers Ltd Liability Corporation, a California-based fund reported 59,257 shares. Northstar Asset Mgmt Limited Liability owns 27,775 shares or 0.29% of their US portfolio. The Ohio-based Strs Ohio has invested 0.08% in Charles Schwab Corp (NYSE:SCHW). Salem Invest Counselors Inc accumulated 102,232 shares or 0.31% of the stock. California State Teachers Retirement Sys has 0.14% invested in the company for 2.49M shares. Royal Comml Bank Of Canada last reported 1.95M shares in the company.

Insider Transactions: Since April 20, 2016, the stock had 1 insider purchase, and 5 selling transactions for $17.97 million net activity. Murtagh Nigel J had sold 2,500 shares worth $75,715 on Friday, May 27. 560,000 shares were sold by SCHWAB CHARLES R, worth $16.25M. Shares for $149,984 were bought by ADAMS JOHN K JR. Kallsen Terri R sold 6,894 shares worth $193,093.

The Charles Schwab Corporation is a savings and loan holding company. The company has a market cap of $42.02 billion. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. It has a 27.5 P/E ratio. The Firm provides financial services to individuals and institutional clients through two divisions: Investor Services and Advisor Services.

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