The Charles Schwab Corporation (NYSE:SCHW) Insider Sells $1,878,688.72 in Stock

The Charles Schwab Corporation (NYSE:SCHW - Get Free Report) insider Nigel J. Murtagh sold 20,872 shares of the company's stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $90.01, for a total value of $1,878,688.72. Following the completion of the sale, the insider now owns 58,999 shares in the company, valued at approximately $5,310,499.99. This represents a 26.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Charles Schwab Price Performance

NYSE SCHW traded down $0.66 during mid-day trading on Friday, hitting $89.25. The stock had a trading volume of 12,979,320 shares, compared to its average volume of 9,465,954. The firm's 50 day moving average is $84.57 and its 200 day moving average is $80.07. The Charles Schwab Corporation has a twelve month low of $61.01 and a twelve month high of $90.59. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.53 and a quick ratio of 0.53. The stock has a market capitalization of $162.16 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 0.96 and a beta of 0.94.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.01 by $0.03. Charles Schwab had a return on equity of 18.31% and a net margin of 31.71%. The firm had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same period in the prior year, the company earned $0.74 EPS. Equities research analysts forecast that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.21%. The ex-dividend date was Friday, May 9th. Charles Schwab's payout ratio is currently 32.73%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SCHW. JMP Securities reiterated a "market outperform" rating and issued a $94.00 target price on shares of Charles Schwab in a research report on Monday, April 21st. Piper Sandler boosted their price target on Charles Schwab from $74.00 to $80.00 in a report on Thursday, April 17th. Morgan Stanley increased their target price on Charles Schwab from $76.00 to $83.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. Keefe, Bruyette & Woods increased their target price on Charles Schwab from $90.00 to $93.00 and gave the company an "outperform" rating in a research report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. increased their target price on Charles Schwab from $92.00 to $95.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, Charles Schwab has an average rating of "Moderate Buy" and a consensus target price of $89.40.

Institutional Trading of Charles Schwab

Large investors have recently added to or reduced their stakes in the stock. Atwood & Palmer Inc. purchased a new stake in Charles Schwab in the 1st quarter valued at $25,000. Westside Investment Management Inc. grew its holdings in Charles Schwab by 75.0% in the 1st quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider's stock valued at $27,000 after buying an additional 150 shares in the last quarter. CBIZ Investment Advisory Services LLC grew its holdings in Charles Schwab by 97.9% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 386 shares of the financial services provider's stock valued at $30,000 after buying an additional 191 shares in the last quarter. Stone House Investment Management LLC purchased a new stake in Charles Schwab in the 1st quarter valued at $31,000. Finally, Activest Wealth Management grew its holdings in Charles Schwab by 6,650.0% in the 1st quarter. Activest Wealth Management now owns 405 shares of the financial services provider's stock valued at $32,000 after buying an additional 399 shares in the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

About Charles Schwab

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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