Could Charles Schwab Corp Decline After Today’s Tip From Option Traders?

 Could Charles Schwab Corp Decline After Today's Tip From Option Traders?

In today’s session Charles Schwab Corp (SCHW) registered an unusually high (1,647) 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 1,647 contracts traded and 64904 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: SCHW161216C00032000 closed last at: $0.85 or 0% . About 3.36 million shares traded hands. Charles Schwab Corp (NYSE:SCHW) has risen 12.81% since April 5, 2016 and is uptrending. It has outperformed by 10.86% 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 firm has “Overweight” rating by Barclays Capital given on Tuesday, August 11. The rating was maintained by Deutsche Bank with “Buy” on Thursday, June 16. The stock has “Neutral” rating given by Citigroup on Friday, April 15. The company was upgraded on Tuesday, September 8 by JP Morgan. Argus Research initiated it with “Buy” rating and $34 target price in Wednesday, March 23 report. The company was maintained on Thursday, March 17 by Deutsche Bank. The firm has “Buy” rating given on Tuesday, October 18 by SunTrust. Deutsche Bank maintained Charles Schwab Corp (NYSE:SCHW) on Friday, May 27 with “Buy” rating. The rating was initiated by SunTrust with “Neutral” on Wednesday, March 23. The rating was initiated by Morgan Stanley on Monday, September 26 with “Overweight”.

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 2016 Q2. Its up 0.04, from 1.25 in 2016Q1. The ratio increased, 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.
Manchester Capital Management accumulated 0% or 950 shares. Hbk Investments L P has 79,376 shares for 0.02% of their US portfolio. Rathbone Brothers Pcl accumulated 0.02% or 15,823 shares. Los Angeles Cap Mgmt Equity Research Inc owns 12,139 shares or 0% of their US portfolio. Raymond James & holds 0.06% or 753,036 shares in its portfolio. Dynamic Capital Management Ltd accumulated 110,693 shares or 0.33% of the stock. Advent Ma holds 0.01% of its portfolio in Charles Schwab Corp (NYSE:SCHW) for 20,000 shares. Bessemer Group Inc has 57,439 shares for 0.01% of their US portfolio. Cap World accumulated 590,000 shares or 0% of the stock. Amer Natl Company Tx has invested 0.42% of its portfolio in Charles Schwab Corp (NYSE:SCHW). Smith Asset Group Lp reported 290 shares or 0% of all its holdings. Magnetar Fin Ltd Liability Corp owns 48,508 shares or 0.02% of their US portfolio. Aviance Capital Prtn Ltd Liability Corp has invested 0.25% of its portfolio in Charles Schwab Corp (NYSE:SCHW). Stock Yards Fincl Bank has 290,488 shares for 0.98% of their US portfolio. Community Fincl Services Group Ltd Llc accumulated 2.68% or 214,963 shares.

Insider Transactions: Since May 27, 2016, the stock had 1 insider buy, and 10 insider sales for $48.96 million net activity. Bettinger Walter W also sold $19.98 million worth of Charles Schwab Corp (NYSE:SCHW) shares. MARTINETTO JOSEPH R had sold 249,427 shares worth $8.03 million. Murtagh Nigel J sold $75,715 worth of stock. The insider Chandoha Marie A sold $451,878. Shares for $267,213 were sold by Kallsen Terri R on Thursday, November 3. ADAMS JOHN K JR bought $149,984 worth of stock.

The Charles Schwab Corporation is a savings and loan holding company. The company has a market cap of $44.86 billion. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. It has a 26.24 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 notable recent Charles Schwab Corp (NYSE:SCHW) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Capital One Financial, Charles Schwab and Kemper” on November 07, 2016, also Investorplace.com with their article: “Trade of the Day: Charles Schwab Corp (SCHW) Earnings Keep On Growing” published on November 01, 2016, Reuters.com published: “BRIEF-Charles Schwab Corp posts Q3 earnings per share $0.35” on October 17, 2016. More interesting news about Charles Schwab Corp (NYSE:SCHW) were released by: Investorplace.com and their article: “Charles Schwab Corporation (SCHW) Stock Lower Despite Earnings Beat” published on October 17, 2016 as well as Nasdaq.com‘s news article titled: “Charles Schwab Corp (SCHW) President and CEO Walter W Bettinger Sold $–9.4 …” with publication date: October 22, 2016.

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