Charles Schwab (NYSE:SCHW) Director Sells 5,263 Shares of Stock

Key Points

• Director Paula Sneed sold 5,263 Charles Schwab shares at an average price of $107.15, generating approximately $563,930. She retained 91,711 shares after the transaction, reducing her position by 5.43%.
• Charles Schwab reported quarterly EPS of $1.62, exceeding estimates of $1.56, while revenue rose 20.9% year over year to $7.07 billion.
• The company declared a quarterly dividend of $0.32 per share, equivalent to a $1.28 annualized payout and a 1.2% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $121.17.

The Charles Schwab Corporation (NYSE:SCHW - Get Free Report) Director Paula Sneed sold 5,263 shares of the business's stock in a transaction on Friday, August 7th. The stock was sold at an average price of $107.15, for a total transaction of $563,930.45. Following the sale, the director directly owned 91,711 shares in the company, valued at approximately $9,826,833.65. The trade was a 5.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Charles Schwab Price Performance

Shares of NYSE:SCHW traded up $0.35 during trading on Monday, hitting $107.95. 6,748,893 shares of the company were exchanged, compared to its average volume of 8,412,359. The Charles Schwab Corporation has a 1-year low of $83.96 and a 1-year high of $109.32. The company has a market capitalization of $187.74 billion, a P/E ratio of 19.63, a price-to-earnings-growth ratio of 0.82 and a beta of 0.76. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.48. The business's 50 day moving average is $97.67 and its 200-day moving average is $95.65.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $1.62 EPS for the quarter, topping the consensus estimate of $1.56 by $0.06. Charles Schwab had a net margin of 38.79% and a return on equity of 24.73%. The business had revenue of $7.07 billion for the quarter, compared to the consensus estimate of $6.90 billion. During the same period last year, the company earned $1.14 EPS. The firm's revenue was up 20.9% compared to the same quarter last year. Equities analysts forecast that The Charles Schwab Corporation will post 6.46 earnings per share for the current year.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.28 annualized dividend and a dividend yield of 1.2%. Charles Schwab's dividend payout ratio (DPR) is 23.27%.

Institutional Investors Weigh In On Charles Schwab

A number of institutional investors have recently added to or reduced their stakes in the company. NewEdge Wealth LLC purchased a new stake in shares of Charles Schwab during the second quarter valued at approximately $247,000. Flossbach Von Storch SE purchased a new position in Charles Schwab in the second quarter worth $987,930,000. Empirical Asset Management LLC bought a new position in Charles Schwab in the 2nd quarter valued at $344,000. Great Lakes Advisors LLC bought a new position in Charles Schwab in the 2nd quarter valued at $7,200,000. Finally, Danske Bank A S purchased a new stake in shares of Charles Schwab during the 2nd quarter valued at $145,950,000. 84.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on SCHW. Wolfe Research reiterated an "outperform" rating and issued a $127.00 price objective on shares of Charles Schwab in a research note on Tuesday, July 21st. JPMorgan Chase & Co. lifted their price target on shares of Charles Schwab from $128.00 to $131.00 and gave the company an "overweight" rating in a research note on Friday, April 17th. Raymond James Financial reissued an "outperform" rating and set a $145.00 price objective on shares of Charles Schwab in a research report on Wednesday, July 22nd. Piper Sandler set a $118.00 price target on Charles Schwab in a research note on Tuesday, July 21st. Finally, Argus raised their price objective on Charles Schwab from $108.00 to $114.00 and gave the company a "buy" rating in a research note on Thursday, July 23rd. Two 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $121.17.

Charles Schwab Company Profile

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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