Nigel Murtagh Sells 7,203 Shares of Charles Schwab (NYSE:SCHW) Stock

The Charles Schwab Corporation (NYSE:SCHWGet Free Report) insider Nigel Murtagh sold 7,203 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $94.61, for a total value of $681,475.83. Following the transaction, the insider owned 57,972 shares in the company, valued at approximately $5,484,730.92. This trade represents a 11.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Charles Schwab Trading Down 0.2%

Charles Schwab stock opened at $95.20 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.62 and a current ratio of 0.62. The stock has a market cap of $166.81 billion, a PE ratio of 20.43, a price-to-earnings-growth ratio of 0.77 and a beta of 0.93. The stock has a 50-day moving average of $99.75 and a two-hundred day moving average of $96.44. The Charles Schwab Corporation has a one year low of $65.88 and a one year high of $107.50.

Charles Schwab (NYSE:SCHWGet Free Report) last issued its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.07. Charles Schwab had a return on equity of 21.97% and a net margin of 37.01%.The business had revenue of $6.34 billion for the quarter, compared to analyst estimates of $6.19 billion. During the same quarter in the previous year, the firm earned $1.01 earnings per share. The company’s revenue was up 18.9% on a year-over-year basis. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. On average, research analysts anticipate that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.28 annualized dividend and a yield of 1.3%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.27. Charles Schwab’s payout ratio is presently 27.47%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Morgan Stanley raised their price target on shares of Charles Schwab from $139.00 to $148.00 and gave the stock an “overweight” rating in a report on Monday, December 22nd. Raymond James Financial reissued an “outperform” rating and issued a $114.00 target price on shares of Charles Schwab in a research report on Monday, January 5th. TD Cowen raised their target price on Charles Schwab from $135.00 to $138.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. UBS Group lifted their price target on Charles Schwab from $123.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Finally, Bank of America increased their price objective on Charles Schwab from $88.00 to $91.00 and gave the company an “underperform” rating in a report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Charles Schwab has a consensus rating of “Moderate Buy” and an average target price of $115.95.

Read Our Latest Analysis on SCHW

More Charles Schwab News

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Institutional Trading of Charles Schwab

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Brighton Jones LLC lifted its position in Charles Schwab by 380.5% during the fourth quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider’s stock valued at $1,794,000 after purchasing an additional 19,195 shares during the period. Sivia Capital Partners LLC boosted its holdings in Charles Schwab by 21.6% in the second quarter. Sivia Capital Partners LLC now owns 4,553 shares of the financial services provider’s stock valued at $415,000 after purchasing an additional 809 shares during the last quarter. United Bank grew its position in Charles Schwab by 7.1% during the 2nd quarter. United Bank now owns 16,053 shares of the financial services provider’s stock worth $1,465,000 after purchasing an additional 1,070 shares during the period. Sigma Planning Corp raised its stake in shares of Charles Schwab by 3.1% during the 2nd quarter. Sigma Planning Corp now owns 13,936 shares of the financial services provider’s stock valued at $1,272,000 after buying an additional 420 shares during the last quarter. Finally, Westside Investment Management Inc. raised its stake in shares of Charles Schwab by 96.9% during the 2nd quarter. Westside Investment Management Inc. now owns 689 shares of the financial services provider’s stock valued at $63,000 after buying an additional 339 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Charles Schwab (NYSE:SCHW)

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