Could Charles Schwab Corp Rise Even More? The Stock Had Bullish Options Activity

 Could Charles Schwab Corp Rise Even More? The Stock Had Bullish Options Activity

In today’s session Charles Schwab Corp (SCHW) registered an unusually high (4,020) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious SCHW increase. With 4,020 contracts traded and 74324 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: SCHW161216C00033000 closed last at: $0.85 or 21.4% up. About 2.10 million shares traded hands. Charles Schwab Corp (NYSE:SCHW) has risen 14.49% since March 28, 2016 and is uptrending. It has outperformed by 9.78% the S&P500.

Charles Schwab Corp (NYSE:SCHW) Ratings Coverage

Out of 14 analysts covering Charles Schwab (NYSE:SCHW), 11 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 79% are positive. Charles Schwab has been the topic of 42 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The stock of Charles Schwab Corp (NYSE:SCHW) earned “Neutral” rating by Bank of America on Wednesday, January 13. The stock has “Buy” rating given by Deutsche Bank on Monday, July 18. Deutsche Bank maintained it with “Buy” rating and $35 target price in Friday, October 16 report. JP Morgan upgraded it to “Overweight” rating and $39.0 target price in Tuesday, September 8 report. The stock has “Overweight” rating given by Morgan Stanley on Monday, September 26. The firm has “Neutral” rating by Citigroup given on Friday, April 15. The company was upgraded on Monday, January 25 by Nomura. Barclays Capital maintained the stock with “Overweight” rating in Wednesday, August 26 report. The rating was maintained by JP Morgan with “Overweight” on Thursday, April 14. The stock of Charles Schwab Corp (NYSE:SCHW) earned “Overweight” rating by Barclays Capital on Tuesday, August 11.

According to Zacks Investment Research, “Charles Schwab Corp. provides a full-service investing experience to customers through a clicks and mortar multi-dimensional, five channel offering of the Internet, branch offices, speech recognition, touch-tone telephone, e-mail and wireless technologies, multilingual and international services, and direct access to professionals day or night.”

Insitutional Activity: The institutional sentiment increased to 1.29 in Q2 2016. Its up 0.04, from 1.25 in 2016Q1. The ratio improved, 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.
D E Shaw Commerce Inc accumulated 0.01% or 167,932 shares. Massmutual Trust Fsb Adv, a Connecticut-based fund reported 5,809 shares. Sumitomo Mitsui Tru Hldgs holds 0.15% or 3.34 million shares in its portfolio. Kcm Advisors Limited Liability has invested 0.05% of its portfolio in Charles Schwab Corp (NYSE:SCHW). Acadian Asset Management Ltd Limited Liability Company accumulated 0% or 2,937 shares. Gradient Invs Ltd Liability Com last reported 11,021 shares in the company. First In has 0.4% invested in the company for 27,375 shares. Neumann Capital Mgmt Ltd Liability Co last reported 22,809 shares in the company. Vantage Investment Advisors Lc, a Pennsylvania-based fund reported 72,276 shares. Moreover, Citadel Advsrs Ltd Liability Co has 0.03% invested in Charles Schwab Corp (NYSE:SCHW) for 939,432 shares. Hudson Valley Advsrs Adv holds 0.12% or 14,921 shares in its portfolio. Lockheed Martin Mgmt owns 30,000 shares or 0.08% of their US portfolio. Barclays Public Limited Liability Com reported 506,893 shares or 0.02% of all its holdings. Sg Americas Limited Liability Company accumulated 212,545 shares or 0.04% of the stock. Jpmorgan Chase Com last reported 0.23% of its portfolio in the stock.

Insider Transactions: Since May 27, 2016, the stock had 1 buy, and 8 sales for $40.66 million net activity. Chandoha Marie A also sold $451,878 worth of Charles Schwab Corp (NYSE:SCHW) shares. The insider ADAMS JOHN K JR bought $149,984. Murtagh Nigel J also sold $483,230 worth of Charles Schwab Corp (NYSE:SCHW) on Thursday, October 20. Kallsen Terri R sold $193,093 worth of Charles Schwab Corp (NYSE:SCHW) on Friday, July 22. Bettinger Walter W sold $19.98 million worth of Charles Schwab Corp (NYSE:SCHW) on Wednesday, October 19.

The Charles Schwab Corporation is a savings and loan holding company. The company has a market cap of $42.67 billion. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. It has a 26.09 P/E ratio. The Firm provides financial services to individuals and institutional clients through two divisions: Investor Services and Advisor Services.

SCHW Company Profile

The Charles Schwab Corporation (CSC), incorporated on November 25, 1986, 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 Firm provides financial services to individuals and institutional clients through two divisions: Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services and other corporate brokerage services. The Advisor Services segment provides custodial, trading, and support services as well as retirement business services. The Firm offers a range of products to address individuals’ varying investment and financial needs. The Company’s product offerings include brokerage, mutual funds, exchange-traded funds (ETFs), advice solutions, banking and trust. It offer an array of brokerage accounts with cash management capabilities. The Firm offers third-party mutual funds through the Mutual Fund Marketplace, including no-transaction fee mutual funds through the Mutual Fund OneSource service, which also includes proprietary mutual funds, plus mutual fund trading and clearing services to broker-dealers. CSC offers a range of ETFs, including proprietary and third-party ETFs available without a commission through Schwab ETF OneSource. The Company’s Advice solutions comprises managed portfolios of both proprietary and third-party mutual funds and ETFs, separately managed accounts, customized personal advice for tailored portfolios, and specialized planning and full-time portfolio management. The Company’s Banking services comprise checking and savings accounts, certificates of deposit, first lien residential real estate mortgage loans (First Mortgages), home equity loans and lines of credit (HELOCs) and Pledged Asset Lines (PALs). The Company’s Trust services include trust custody services, personal trust reporting services and administrative trustee services.

More news for Charles Schwab Corp (NYSE:SCHW) were recently published by: Reuters.com, which released: “BRIEF-Charles Schwab Corp posts Q3 earnings per share $0.35” on October 17, 2016. Investorplace.com‘s article titled: “Charles Schwab Corporation (SCHW) Stock Lower Despite Earnings Beat” and published on October 17, 2016 is yet another important article.

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