Charles Schwab (NYSE:SCHW) Insider Jonathan Beatty Sells 1,000 Shares

The Charles Schwab Corporation (NYSE:SCHWGet Free Report) insider Jonathan Beatty sold 1,000 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $111.33, for a total value of $111,330.00. Following the completion of the sale, the insider owned 10,738 shares in the company, valued at approximately $1,195,461.54. The trade was a 8.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Charles Schwab Stock Up 1.0%

NYSE:SCHW opened at $111.63 on Wednesday. The company has a market cap of $193.05 billion, a price-to-earnings ratio of 20.30, a price-to-earnings-growth ratio of 0.85 and a beta of 0.76. The Charles Schwab Corporation has a twelve month low of $83.96 and a twelve month high of $112.20. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.52. The stock has a fifty day simple moving average of $100.32 and a 200-day simple moving average of $95.95.

Charles Schwab (NYSE:SCHWGet Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.06. The firm had revenue of $7.07 billion for the quarter, compared to analysts’ expectations of $6.90 billion. Charles Schwab had a net margin of 38.79% and a return on equity of 24.53%. The business’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.14 earnings per share. Analysts anticipate that The Charles Schwab Corporation will post 6.46 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, August 14th. Charles Schwab’s dividend payout ratio is currently 23.27%.

Institutional Trading of Charles Schwab

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Dogwood Wealth Management LLC boosted its position in Charles Schwab by 99.2% during the fourth quarter. Dogwood Wealth Management LLC now owns 247 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 123 shares in the last quarter. Compass Financial Management LLC bought a new position in Charles Schwab in the second quarter worth about $27,000. Scarborough Advisors LLC bought a new position in Charles Schwab in the first quarter worth about $29,000. McIlrath & Eck LLC lifted its position in shares of Charles Schwab by 143.2% during the fourth quarter. McIlrath & Eck LLC now owns 321 shares of the financial services provider’s stock valued at $32,000 after buying an additional 189 shares during the last quarter. Finally, Main Street Group LTD bought a new stake in shares of Charles Schwab in the 1st quarter valued at about $33,000. Institutional investors own 84.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SCHW. Morgan Stanley lifted their price target on shares of Charles Schwab from $133.00 to $136.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. Weiss Ratings restated a “buy (b-)” rating on shares of Charles Schwab in a report on Thursday, June 18th. Piper Sandler set a $118.00 target price on Charles Schwab in a research report on Tuesday, July 21st. Compass Point assumed coverage on Charles Schwab in a report on Monday, August 3rd. They issued a “buy” rating and a $135.00 target price for the company. Finally, Citigroup reissued a “market outperform” rating on shares of Charles Schwab in a research report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $121.17.

Read Our Latest Stock Analysis on Charles Schwab

Charles Schwab News Summary

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About Charles Schwab

(Get Free Report)

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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Insider Buying and Selling by Quarter for Charles Schwab (NYSE:SCHW)

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