Charles Schwab Co. (NYSE:SCHW) Short Interest Update

Charles Schwab Co. (NYSE:SCHW) saw a significant decline in short interest in July. As of July 31st, there was short interest totalling 14,768,900 shares, a decline of 10.9% from the June 30th total of 16,579,000 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average daily volume of 9,480,000 shares, the days-to-cover ratio is currently 1.6 days.

Shares of Charles Schwab stock traded down $0.84 during midday trading on Wednesday, reaching $36.84. 9,012,396 shares of the company’s stock traded hands, compared to its average volume of 7,849,405. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market capitalization of $49.39 billion, a P/E ratio of 15.04, a PEG ratio of 2.43 and a beta of 1.25. The company’s 50 day moving average is $40.68. Charles Schwab has a 12 month low of $36.01 and a 12 month high of $52.70.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Tuesday, July 16th. The financial services provider reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. The company had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.68 billion. Charles Schwab had a return on equity of 20.52% and a net margin of 35.29%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 earnings per share. Research analysts anticipate that Charles Schwab will post 2.68 EPS for the current year.



The firm also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, August 9th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.85%. Charles Schwab’s dividend payout ratio is presently 27.76%.

In related news, Director Stephen T. Mclin sold 4,356 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $43.85, for a total value of $191,010.60. Following the completion of the sale, the director now owns 7,592 shares in the company, valued at approximately $332,909.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jonathan M. Craig sold 3,740 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $40.20, for a total value of $150,348.00. The disclosure for this sale can be found here. 10.90% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in SCHW. BlackRock Inc. raised its holdings in shares of Charles Schwab by 3.7% during the second quarter. BlackRock Inc. now owns 87,080,690 shares of the financial services provider’s stock valued at $3,499,773,000 after acquiring an additional 3,140,824 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of Charles Schwab by 24.0% during the first quarter. Clearbridge Investments LLC now owns 14,863,818 shares of the financial services provider’s stock valued at $635,577,000 after acquiring an additional 2,880,846 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of Charles Schwab by 132.2% during the second quarter. CIBC Private Wealth Group LLC now owns 3,490,027 shares of the financial services provider’s stock valued at $140,265,000 after acquiring an additional 1,987,302 shares in the last quarter. Eminence Capital LP raised its holdings in shares of Charles Schwab by 61.0% during the second quarter. Eminence Capital LP now owns 5,219,005 shares of the financial services provider’s stock valued at $209,752,000 after acquiring an additional 1,977,025 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new position in shares of Charles Schwab during the first quarter valued at approximately $77,259,000. Institutional investors own 79.36% of the company’s stock.

A number of analysts recently weighed in on SCHW shares. ValuEngine downgraded Charles Schwab from a “hold” rating to a “sell” rating in a research report on Tuesday, June 18th. Keefe, Bruyette & Woods downgraded Charles Schwab from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $51.00 to $43.50 in a research report on Friday, July 12th. Compass Point set a $45.00 price objective on Charles Schwab and gave the company a “hold” rating in a research report on Tuesday, July 2nd. Argus reiterated a “buy” rating and issued a $52.00 price objective (down previously from $57.00) on shares of Charles Schwab in a research report on Wednesday, July 17th. Finally, Deutsche Bank downgraded Charles Schwab from a “buy” rating to a “hold” rating and lowered their price objective for the company from $52.00 to $43.00 in a research report on Tuesday, June 18th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. Charles Schwab has an average rating of “Hold” and an average price target of $47.80.

Charles Schwab Company Profile

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.

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