The Charles Schwab Corporation (NYSE:SCHW) Insider Sells $911,711.29 in Stock

The Charles Schwab Corporation (NYSE:SCHW - Get Free Report) insider Paul V. Woolway sold 10,129 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 $911,711.29. Following the completion of the transaction, the insider now directly owns 39,154 shares in the company, valued at $3,524,251.54. This trade represents a 20.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Charles Schwab Stock Performance

Charles Schwab stock traded down $0.66 during trading on Friday, reaching $89.25. The company had a trading volume of 12,979,320 shares, compared to its average volume of 9,465,954. The Charles Schwab Corporation has a 52 week low of $61.01 and a 52 week high of $90.59. The firm's 50-day simple moving average is $84.57 and its 200 day simple moving average is $80.07. The firm has a market capitalization of $162.16 billion, a price-to-earnings ratio of 27.04, a price-to-earnings-growth ratio of 0.96 and a beta of 0.94. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.53.

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

Charles Schwab Dividend Announcement

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

Wall Street Analysts Forecast Growth

SCHW has been the topic of several research analyst reports. Keefe, Bruyette & Woods increased their price target on Charles Schwab from $90.00 to $93.00 and gave the company an "outperform" rating in a report on Tuesday, April 22nd. Cowen reissued a "buy" rating on shares of Charles Schwab in a report on Tuesday, May 20th. Barclays lowered their price target on Charles Schwab from $96.00 to $84.00 and set an "overweight" rating on the stock in a report on Monday, April 7th. JMP Securities reissued a "market outperform" rating and set a $94.00 price target on shares of Charles Schwab in a report on Monday, April 21st. Finally, Piper Sandler increased their price target on Charles Schwab from $74.00 to $80.00 in a report on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $89.40.

Institutional Investors Weigh In On Charles Schwab

Institutional investors have recently bought and sold shares of the business. Atwood & Palmer Inc. purchased a new stake in Charles Schwab in the 1st quarter worth $25,000. Westside Investment Management Inc. increased its stake 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 worth $27,000 after buying an additional 150 shares in the last quarter. CBIZ Investment Advisory Services LLC increased its stake 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 worth $30,000 after buying an additional 191 shares in the last quarter. Stone House Investment Management LLC purchased a new position in shares of Charles Schwab during the first quarter valued at about $31,000. Finally, Activest Wealth Management grew its position in shares of Charles Schwab by 6,650.0% during the first quarter. Activest Wealth Management now owns 405 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 399 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company's stock.

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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