Insider Selling: Charles Schwab (NYSE:SCHW) Insider Sells 1,897 Shares

Key Points

• Insider sale: Charles Schwab insider Nigel Murtagh sold 1,897 shares for approximately $206,773 at an average price of $109. The transaction, conducted under a Rule 10b5-1 plan, reduced his holdings by 3.17% to 57,972 shares.
• Strong quarterly results: Schwab reported quarterly EPS of $1.62, beating estimates of $1.56, while revenue rose 20.9% year over year to $7.07 billion. The company also declared a $0.32 quarterly dividend, yielding about 1.2%.
• Analyst sentiment remains positive: Charles Schwab has an overall “Moderate Buy” rating, with an average analyst price target of $121.17 versus the reported share price of $107.95.

The Charles Schwab Corporation (NYSE:SCHW - Get Free Report) insider Nigel Murtagh sold 1,897 shares of the company's stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $109.00, for a total transaction of $206,773.00. Following the transaction, the insider owned 57,972 shares in the company, valued at $6,318,948. This represents a 3.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Charles Schwab Stock Performance

Shares of SCHW stock traded up $0.35 during trading hours on Monday, reaching $107.95. The company had a trading volume of 6,748,893 shares, compared to its average volume of 8,412,359. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.62 and a current ratio of 0.62. The business has a fifty day moving average price of $97.67 and a 200-day moving average price of $95.65. The Charles Schwab Corporation has a one year low of $83.96 and a one year high of $109.32. The firm has a market cap of $187.74 billion, a PE ratio of 19.63, a price-to-earnings-growth ratio of 0.82 and a beta of 0.76.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.56 by $0.06. Charles Schwab had a return on equity of 24.73% and a net margin of 38.79%.The firm 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 business posted $1.14 EPS. The company's revenue for the quarter was up 20.9% on a year-over-year basis. Sell-side analysts predict that The Charles Schwab Corporation will post 6.46 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, August 14th. Charles Schwab's payout ratio is currently 23.27%.

Wall Street Analyst Weigh In

SCHW has been the topic of several recent research reports. Zacks Research upgraded shares of Charles Schwab from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 9th. Citigroup reaffirmed a "market outperform" rating on shares of Charles Schwab in a report on Wednesday, July 22nd. Weiss Ratings reiterated a "buy (b-)" rating on shares of Charles Schwab in a research report on Thursday, June 18th. TD Cowen lifted 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, JPMorgan Chase & Co. boosted their price objective on shares of Charles Schwab from $128.00 to $131.00 and gave the company an "overweight" rating in a research report on Friday, April 17th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Charles Schwab presently has an average rating of "Moderate Buy" and an average target price of $121.17.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Dogwood Wealth Management LLC increased its holdings in Charles Schwab by 99.2% in the 4th quarter. Dogwood Wealth Management LLC now owns 247 shares of the financial services provider's stock worth $25,000 after acquiring an additional 123 shares in the last quarter. Scarborough Advisors LLC purchased a new position in Charles Schwab during the first quarter valued at approximately $29,000. Optima Capital LLC purchased a new position in Charles Schwab during the fourth quarter valued at approximately $30,000. McIlrath & Eck LLC boosted its position in shares of Charles Schwab by 143.2% in the fourth quarter. McIlrath & Eck LLC now owns 321 shares of the financial services provider's stock worth $32,000 after purchasing an additional 189 shares during the period. Finally, Main Street Group LTD bought a new position in shares of Charles Schwab in the first quarter worth approximately $33,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

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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