Insider Selling: Charles Schwab (NYSE:SCHW) Insider Sells $194,060.00 in Stock

The Charles Schwab Corporation (NYSE:SCHW) insider Jonathan Beatty sold 2,000 shares of Charles Schwab stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $97.03, for a total transaction of $194,060.00. Following the transaction, the insider directly owned 17,738 shares in the company, valued at approximately $1,721,118.14. This represents a 10.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Charles Schwab Stock Performance

SCHW stock opened at $101.75 on Thursday. The firm has a market cap of $176.97 billion, a PE ratio of 20.19, a P/E/G ratio of 0.93 and a beta of 0.77. 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 has a 50 day moving average of $91.18 and a 200-day moving average of $95.27. The Charles Schwab Corporation has a 12-month low of $83.96 and a 12-month high of $107.50.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.04. Charles Schwab had a return on equity of 23.05% and a net margin of 37.99%.The business had revenue of $6.48 billion for the quarter, compared to analyst estimates of $6.39 billion. During the same period last year, the company posted $1.04 earnings per share. Charles Schwab’s quarterly revenue was up 15.8% compared to the same quarter last year. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. As a group, sell-side analysts expect that The Charles Schwab Corporation will post 6.14 earnings per share for the current year.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, May 8th. Charles Schwab’s payout ratio is presently 25.40%.

Institutional Investors Weigh In On Charles Schwab

Several institutional investors have recently added to or reduced their stakes in SCHW. Dogwood Wealth Management LLC lifted its stake in shares of Charles Schwab by 99.2% during the 4th quarter. Dogwood Wealth Management LLC now owns 247 shares of the financial services provider’s stock valued at $25,000 after buying an additional 123 shares in the last quarter. Piscataqua Savings Bank purchased a new position in Charles Schwab in the 4th quarter valued at approximately $26,000. GoalVest Advisory LLC bought a new stake in Charles Schwab during the 4th quarter valued at $28,000. Beacon Financial Strategies CORP purchased a new stake in shares of Charles Schwab during the fourth quarter worth $29,000. Finally, Optima Capital LLC purchased a new stake in shares of Charles Schwab during the fourth quarter worth $30,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SCHW has been the subject of several research reports. JPMorgan Chase & Co. increased their price target 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. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $128.00 target price on shares of Charles Schwab in a research note on Friday, May 15th. Raymond James Financial raised their price target on shares of Charles Schwab from $126.00 to $137.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Charles Schwab in a report on Thursday, June 18th. Finally, Piper Sandler upped their price objective on Charles Schwab from $103.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Charles Schwab presently has an average rating of “Moderate Buy” and an average price target of $116.16.

About Charles Schwab

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.