The Charles Schwab Corporation (NYSE:SCHW) is expected to pay $0.07 on Nov 28, 2016. The indicated annual dividend is $0.28. Shareholders owning the stock before Nov 9, 2016 will be eligible to receive the payout. Based on The Charles Schwab Corporation’s current price of $32.31, the dividend is 0.22%. This dividend’s record date is Nov 14, 2016 and the announcement date is Oct 21, 2016. The stock increased 4.56% or $1.41 during the last trading session, hitting $32.31. 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.
The Charles Schwab Corporation is a savings and loan holding company. The company has a market cap of $41.88 billion. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. It has a 26.14 P/E ratio. The Firm provides financial services to individuals and institutional clients through two divisions: Investor Services and Advisor Services.
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.
Maryland Capital owns 538,874 shares or 2.15% of their US portfolio. Guardian Life Insur Of America accumulated 0.01% or 4,506 shares. Parametrica Mngmt Ltd has invested 0.49% of its portfolio in Charles Schwab Corp (NYSE:SCHW). Kcg holds 0.13% of its portfolio in Charles Schwab Corp (NYSE:SCHW) for 252,790 shares. Triple Frond Prtnrs Lc last reported 3.00M shares in the company. Pax World Mgmt Limited Liability Com accumulated 0.79% or 540,704 shares. Td Asset has invested 0.02% of its portfolio in Charles Schwab Corp (NYSE:SCHW). Daiwa Gp Inc has 0% invested in the company for 28,800 shares. Umb Bancorp N A Mo has invested 0.01% of its portfolio in Charles Schwab Corp (NYSE:SCHW). Raymond James Trust Na holds 0.04% of its portfolio in Charles Schwab Corp (NYSE:SCHW) for 17,706 shares. Federated Pa, a Pennsylvania-based fund reported 31,098 shares. Btr Capital Mngmt accumulated 0.06% or 10,297 shares. Bremer Tru National Association accumulated 30,171 shares or 0.21% of the stock. Gsa Prtn Ltd Liability Partnership, a United Kingdom-based fund reported 35,055 shares. Greenwich Wealth Mgmt Ltd Liability owns 486,766 shares or 0.01% of their US portfolio.
Insider Transactions: Since May 27, 2016, the stock had 1 buy, and 10 selling transactions for $48.96 million net activity. Kallsen Terri R also sold $193,093 worth of Charles Schwab Corp (NYSE:SCHW) shares. On Wednesday, October 26 MARTINETTO JOSEPH R sold $8.03 million worth of the stock or 249,427 shares. 598,596 shares with value of $19.36M were sold by Bettinger Walter W on Thursday, October 20. Murtagh Nigel J sold 2,500 shares worth $74,303. On Thursday, October 20 Chandoha Marie A sold $451,878 worth of the stock or 14,000 shares. The insider ADAMS JOHN K JR bought $149,984.
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 rating was downgraded by Bank of America to “Neutral” on Wednesday, January 13. Nomura maintained the shares of SCHW in a report on Monday, April 4 with “Buy” rating. UBS maintained it with “Buy” rating and $34 target price in Friday, October 16 report. Deutsche Bank maintained the shares of SCHW in a report on Wednesday, October 5 with “Buy” rating. The firm earned “Overweight” rating on Tuesday, August 11 by Barclays Capital. The stock of Charles Schwab Corp (NYSE:SCHW) earned “Buy” rating by Deutsche Bank on Friday, September 18. As per Friday, April 15, the company rating was maintained by Citigroup. The firm earned “Overweight” rating on Thursday, April 14 by JP Morgan. The stock of Charles Schwab Corp (NYSE:SCHW) earned “Overweight” rating by JP Morgan on Tuesday, September 8. On Friday, December 18 the stock rating was downgraded by Piper Jaffray to “Neutral”.
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 $â€“9.4 …” with publication date: October 22, 2016.
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.
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