Investors Buy Charles Schwab Co. Common Stock (SCHW) on Weakness

Traders bought shares of Charles Schwab Co. Common Stock (NYSE:SCHW) on weakness during trading hours on Thursday. $97.43 million flowed into the stock on the tick-up and $35.04 million flowed out of the stock on the tick-down, for a money net flow of $62.39 million into the stock. Of all companies tracked, Charles Schwab Co. Common Stock had the 6th highest net in-flow for the day. Charles Schwab Co. Common Stock traded down ($0.75) for the day and closed at $56.61

A number of equities analysts have weighed in on the company. Credit Suisse Group lowered their price target on Charles Schwab Co. Common Stock from $62.00 to $61.00 and set an “outperform” rating on the stock in a research report on Monday, April 23rd. Jefferies Financial Group reissued a “buy” rating and set a $65.00 price target on shares of Charles Schwab Co. Common Stock in a research report on Friday, April 20th. Morgan Stanley boosted their price target on Charles Schwab Co. Common Stock from $63.00 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 10th. SunTrust Banks reissued a “buy” rating on shares of Charles Schwab Co. Common Stock in a research report on Wednesday, February 14th. Finally, Sanford C. Bernstein assumed coverage on Charles Schwab Co. Common Stock in a research report on Monday, April 9th. They set a “market perform” rating and a $52.00 price target on the stock. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $55.81.

The stock has a market capitalization of $77.46 billion, a PE ratio of 34.52, a P/E/G ratio of 1.41 and a beta of 1.51. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.29 and a quick ratio of 0.29.

Charles Schwab Co. Common Stock (NYSE:SCHW) last issued its quarterly earnings results on Monday, April 16th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.01. The business had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.38 billion. Charles Schwab Co. Common Stock had a return on equity of 16.84% and a net margin of 28.80%. The firm’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.39 earnings per share. equities research analysts anticipate that Charles Schwab Co. Common Stock will post 2.43 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, May 25th. Investors of record on Friday, May 11th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend was Thursday, May 10th. Charles Schwab Co. Common Stock’s dividend payout ratio is currently 24.39%.

In other Charles Schwab Co. Common Stock news, Director Mark A. Goldfarb sold 2,174 shares of the company’s stock in a transaction on Friday, June 1st. The stock was sold at an average price of $56.67, for a total transaction of $123,200.58. Following the completion of the sale, the director now directly owns 5,045 shares in the company, valued at $285,900.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Charles R. Schwab sold 250,000 shares of the company’s stock in a transaction on Monday, April 23rd. The stock was sold at an average price of $54.99, for a total value of $13,747,500.00. The disclosure for this sale can be found here. Insiders have sold 2,250,141 shares of company stock worth $127,562,386 in the last three months. 11.50% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd lifted its stake in shares of Charles Schwab Co. Common Stock by 721.7% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 57,920 shares of the financial services provider’s stock valued at $3,024,000 after acquiring an additional 50,871 shares during the last quarter. PagnatoKarp Partners LLC bought a new position in shares of Charles Schwab Co. Common Stock in the 1st quarter valued at $420,000. Suntrust Banks Inc. lifted its stake in shares of Charles Schwab Co. Common Stock by 26.6% in the 1st quarter. Suntrust Banks Inc. now owns 127,986 shares of the financial services provider’s stock valued at $6,682,000 after acquiring an additional 26,929 shares during the last quarter. Amalgamated Bank lifted its stake in shares of Charles Schwab Co. Common Stock by 8.5% in the 1st quarter. Amalgamated Bank now owns 168,415 shares of the financial services provider’s stock valued at $8,795,000 after acquiring an additional 13,196 shares during the last quarter. Finally, Summit Trail Advisors LLC lifted its stake in shares of Charles Schwab Co. Common Stock by 6,083.2% in the 1st quarter. Summit Trail Advisors LLC now owns 391,892 shares of the financial services provider’s stock valued at $392,000 after acquiring an additional 385,554 shares during the last quarter. Hedge funds and other institutional investors own 80.22% of the company’s stock.

About Charles Schwab Co. Common Stock

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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Foxconn Launches Investigation After Reports Of Harsh Working Conditions At Its Factory Foxconn has announced that it has launched investigations into allegations of harsh working conditions at its factory. The company made the announcement after China Labor Watch, which is based in the New York, published a report that indicated Amazon’s workers were being subjected to many hours of work, inadequate training, low wages as well as over dependence on temporary workers. Undercover investigation Before compiling the report, an investigator from China Labor Watch went underground and acted as a worker in the factory. He then interviewed 20 workers, as well as took time to observe the conditions. During the period of investigation, the undercover investigator secured a position in the factory to clean Echo Dot speakers using a toothbrush soaked in rubbing alcohol to remove dust. In its investigation, China Labor Watch said around 40% of the employees at the factory were on temporary basis. This is far beyond the 10% that is legally allowed under the Chinese law. Additionally, the investigation also found out that dispatch employees were paid at the same rate for both regular and overtime hours. According to the investigation, the company was paying dispatch workers $2.26 per hour. Additionally, workers were working over 100 hours in over time every month during peak season. This is way beyond the 36 hours of overtime allowed under the law. Additionally, some workers worked for 14 consecutive days. Amazon’s audit In its response, Amazon said it carried out an audit of the factory and found that dispatch workers and overtime are matters of great concern. Amazon in a statement, said following the revelation, it requested Foxconn to put in place a corrective plan. Amazon said it is currently monitoring the response from Foxconn as well as the compliance with its Supplier Code of Conduct. Amazon expressed its commitment to ensuring that the matter is fully resolved. Echo Speakers Amazon, which is the largest online retailer in the world, sells a variety of devices. The company uses tablets and kindles to sell more digital books. Foxconn, which is based in Taiwan is the largest manufacturer of contract electronics in the world and has a headcount of over a million people. The company, which makes Apple iPhones made headlines following as series of suicides at its plant. The suicides were linked to poor working conditions at the plant to which the company responded with a promise to improve the working conditions.

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