The Charles Schwab Corporation (NYSE:SCHW – Get Free Report) insider Jonathan Beatty sold 2,000 shares of Charles Schwab stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $104.21, for a total value of $208,420.00. Following the completion of the sale, the insider directly owned 11,738 shares of the company’s stock, valued at $1,223,216.98. The trade was a 14.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Charles Schwab Stock Performance
Shares of SCHW traded up $1.68 on Tuesday, reaching $105.86. The company’s stock had a trading volume of 2,646,804 shares, compared to its average volume of 10,851,087. The Charles Schwab Corporation has a 12-month low of $83.96 and a 12-month high of $107.50. The stock has a market capitalization of $184.10 billion, a P/E ratio of 19.25, a PEG ratio of 0.83 and a beta of 0.77. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.62 and a quick ratio of 0.62. The stock’s 50 day simple moving average is $94.17 and its two-hundred day simple moving average is $95.34.
Charles Schwab (NYSE:SCHW – Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.06. Charles Schwab had a net margin of 38.79% and a return on equity of 24.73%. The firm had revenue of $7.07 billion during the quarter, compared to the consensus estimate of $6.90 billion. During the same quarter in the previous year, the firm posted $1.14 EPS. The company’s revenue for the quarter was up 20.9% compared to the same quarter last year. Research analysts forecast that The Charles Schwab Corporation will post 6.43 earnings per share for the current fiscal year.
Charles Schwab Announces Dividend
Institutional Investors Weigh In On Charles Schwab
Several large investors have recently added to or reduced their stakes in SCHW. Trust Asset Management LLC increased its position in shares of Charles Schwab by 9.5% during the second quarter. Trust Asset Management LLC now owns 18,377 shares of the financial services provider’s stock worth $1,696,000 after acquiring an additional 1,596 shares during the period. Whitener Capital Management Inc. increased its holdings in Charles Schwab by 17.0% during the 2nd quarter. Whitener Capital Management Inc. now owns 24,877 shares of the financial services provider’s stock worth $2,295,000 after purchasing an additional 3,608 shares during the period. Tema ETFs LLC raised its position in Charles Schwab by 10.6% during the 2nd quarter. Tema ETFs LLC now owns 31,695 shares of the financial services provider’s stock valued at $2,924,000 after purchasing an additional 3,045 shares in the last quarter. Lederer & Associates Investment Counsel CA bought a new stake in Charles Schwab during the 2nd quarter valued at $1,624,000. Finally, Peoples Bank KS grew its position in shares of Charles Schwab by 2.7% during the 2nd quarter. Peoples Bank KS now owns 4,331 shares of the financial services provider’s stock worth $400,000 after buying an additional 113 shares in the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts recently commented on the company. Morgan Stanley boosted their price target on Charles Schwab from $133.00 to $136.00 and gave the stock an “overweight” rating in a report on Monday. Jefferies Financial Group reduced their price objective on shares of Charles Schwab from $122.00 to $118.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. Truist Financial dropped their target price on shares of Charles Schwab from $122.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. TD Cowen boosted their price target on shares of Charles Schwab from $108.00 to $109.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Finally, Barclays lifted their target price on Charles Schwab from $122.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Charles Schwab presently has an average rating of “Moderate Buy” and an average price target of $119.94.
View Our Latest Report on Charles Schwab
About Charles Schwab
Charles Schwab Corporation (NYSE: SCHW) is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.
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