Insider Selling: Charles Schwab (NYSE:SCHW) Insider Sells $206,773.00 in Stock

The Charles Schwab Corporation (NYSE:SCHW) insider Nigel Murtagh sold 1,897 shares of the stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $109.00, for a total value 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Charles Schwab Stock Up 1.5%

Shares of SCHW opened at $109.28 on Thursday. The firm has a market cap of $188.98 billion, a P/E ratio of 19.87, a PEG ratio of 0.82 and a beta of 0.76. The Charles Schwab Corporation has a 12 month low of $83.96 and a 12 month high of $109.66. The stock’s 50 day moving average is $98.52 and its two-hundred day moving average is $95.73. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.48.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $6.90 billion. During the same quarter last year, the firm posted $1.14 EPS. The business’s revenue was up 20.9% on a year-over-year basis. Analysts predict that The Charles Schwab Corporation will post 6.46 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a $0.32 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.28 annualized dividend and a dividend yield of 1.2%. Charles Schwab’s dividend payout ratio (DPR) is 23.27%.

Institutional Trading of Charles Schwab

A number of hedge funds have recently bought and sold shares of SCHW. Dogwood Wealth Management LLC increased its holdings in shares of Charles Schwab by 99.2% in the fourth quarter. Dogwood Wealth Management LLC now owns 247 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 123 shares during the last quarter. Compass Financial Management LLC acquired a new stake in shares of Charles Schwab in the 2nd quarter worth $27,000. Scarborough Advisors LLC acquired a new stake in shares of Charles Schwab in the 1st quarter worth $29,000. Optima Capital LLC purchased a new position in shares of Charles Schwab during the 4th quarter worth $30,000. Finally, McIlrath & Eck LLC boosted its position in shares of Charles Schwab by 143.2% during the 4th quarter. McIlrath & Eck LLC now owns 321 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 189 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on SCHW shares. UBS Group set a $135.00 price target on shares of Charles Schwab in a research report on Monday, August 3rd. BMO Capital Markets lowered Charles Schwab from an “outperform” rating to a “market perform” rating and set a $105.00 price objective for the company. in a research note on Monday, July 20th. Barclays increased their target price on Charles Schwab from $122.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday, July 22nd. Morgan Stanley boosted their price target on Charles Schwab from $133.00 to $136.00 and gave the stock an “overweight” rating in a research report on Monday, July 27th. Finally, Piper Sandler set a $118.00 price objective on Charles Schwab in a research note on Tuesday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $121.17.

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.