The Charles Schwab Corporation (NYSE:SCHW) Insider Paul V. Woolway Sells 3,290 Shares

Key Points

• Insider Paul V. Woolway sold 3,290 shares of Charles Schwab at an average price of $96.06, resulting in a total transaction of $316,037.40.
• The company reported $1.14 earnings per share for the last quarter, exceeding expectations and marking a 24.8% increase in revenue year-over-year.
• Charles Schwab announced a $20 billion stock buyback plan and declared a quarterly dividend of $0.27 per share, indicating confidence in the company's stock value.

The Charles Schwab Corporation (NYSE:SCHW - Get Free Report) insider Paul V. Woolway sold 3,290 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $96.06, for a total transaction of $316,037.40. Following the transaction, the insider owned 41,188 shares in the company, valued at $3,956,519.28. The trade was a 7.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Charles Schwab Stock Down 0.6%

Shares of NYSE SCHW traded down $0.63 during midday trading on Tuesday, reaching $96.47. 6,236,425 shares of the company's stock traded hands, compared to its average volume of 9,225,290. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.53. The stock's 50 day simple moving average is $91.48 and its 200-day simple moving average is $83.94. The Charles Schwab Corporation has a one year low of $61.16 and a one year high of $99.59. The company has a market cap of $175.28 billion, a price-to-earnings ratio of 25.93, a P/E/G ratio of 0.93 and a beta of 0.96.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings data on Friday, July 18th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.10 by $0.04. The firm had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $5.64 billion. Charles Schwab had a net margin of 33.68% and a return on equity of 19.73%. The company's quarterly revenue was up 24.8% on a year-over-year basis. During the same period last year, the firm earned $0.73 earnings per share. On average, analysts predict that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, August 8th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, August 8th. Charles Schwab's dividend payout ratio (DPR) is 29.03%.

Charles Schwab announced that its Board of Directors has authorized a stock buyback plan on Thursday, July 24th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the financial services provider to repurchase up to 11.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. JMP Securities upped their price target on shares of Charles Schwab from $106.00 to $110.00 and gave the company a "market outperform" rating in a report on Monday, July 21st. JPMorgan Chase & Co. upped their price target on shares of Charles Schwab from $92.00 to $95.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Keefe, Bruyette & Woods upped their target price on shares of Charles Schwab from $102.00 to $108.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. William Blair downgraded shares of Charles Schwab from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 3rd. Finally, Raymond James Financial restated an "outperform" rating and issued a $99.00 target price on shares of Charles Schwab in a research note on Friday, July 18th. Two analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $99.35.

Institutional Investors Weigh In On Charles Schwab

Several institutional investors have recently bought and sold shares of the company. Cary Street Partners Financial LLC acquired a new position in Charles Schwab during the fourth quarter valued at $1,455,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in Charles Schwab by 6.2% during the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,181,563 shares of the financial services provider's stock valued at $92,493,000 after purchasing an additional 68,858 shares during the period. Graham Capital Management L.P. lifted its position in Charles Schwab by 248.3% during the fourth quarter. Graham Capital Management L.P. now owns 112,376 shares of the financial services provider's stock valued at $8,317,000 after purchasing an additional 80,112 shares during the period. World Investment Advisors lifted its position in Charles Schwab by 7.6% during the first quarter. World Investment Advisors now owns 163,007 shares of the financial services provider's stock valued at $12,760,000 after purchasing an additional 11,505 shares during the period. Finally, State of Alaska Department of Revenue lifted its position in Charles Schwab by 17.2% during the first quarter. State of Alaska Department of Revenue now owns 199,687 shares of the financial services provider's stock valued at $15,631,000 after purchasing an additional 29,255 shares during the period. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Company Profile

The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services.

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