Key Points
- Insider sale: Jonathan Beatty sold 2,000 Charles Schwab shares on December 23 at an average price of $102.01 for a total of $204,020, cutting his ownership by 14.36% to 11,923 shares (≈$1.22M).
- Company performance and market view: Schwab beat quarterly EPS estimates ($1.31 vs. $1.25) and reported revenue up 26.6% to $6.38B; it pays a $0.27 quarterly dividend (1.1% yield). Analysts give a consensus "Moderate Buy" rating with a $108.84 price target.
The Charles Schwab Corporation (NYSE:SCHW - Get Free Report) insider Jonathan Beatty sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $102.01, for a total value of $204,020.00. Following the transaction, the insider owned 11,923 shares of the company's stock, valued at approximately $1,216,265.23. This trade represents a 14.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Charles Schwab Price Performance
NYSE SCHW opened at $101.26 on Tuesday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.47. The Charles Schwab Corporation has a 12 month low of $65.88 and a 12 month high of $102.28. The stock has a market cap of $179.93 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 0.83 and a beta of 0.96. The company's 50 day moving average is $95.08 and its two-hundred day moving average is $94.36.
Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.25 by $0.06. Charles Schwab had a net margin of 35.93% and a return on equity of 21.02%. The firm had revenue of $6.38 billion during the quarter, compared to analysts' expectations of $5.93 billion. During the same period in the prior year, the company posted $0.71 earnings per share. The company's revenue for the quarter was up 26.6% compared to the same quarter last year. As a group, research analysts anticipate that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.
Charles Schwab Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.08 dividend on an annualized basis and a yield of 1.1%. Charles Schwab's dividend payout ratio (DPR) is currently 25.29%.
Wall Street Analyst Weigh In
Several analysts recently issued reports on SCHW shares. Bank of America lifted their target price on Charles Schwab from $88.00 to $91.00 and gave the company an "underperform" rating in a research note on Wednesday, December 10th. Zacks Research cut shares of Charles Schwab from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 17th. Morgan Stanley upped their target price on shares of Charles Schwab from $139.00 to $148.00 and gave the stock an "overweight" rating in a research report on Monday, December 22nd. TD Cowen raised their target price on shares of Charles Schwab from $129.00 to $134.00 and gave the company a "buy" rating in a research note on Friday, October 17th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Charles Schwab in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Charles Schwab currently has an average rating of "Moderate Buy" and a consensus price target of $108.84.
View Our Latest Analysis on Charles Schwab
Institutional Investors Weigh In On Charles Schwab
Hedge funds have recently bought and sold shares of the business. Princeton Global Asset Management LLC bought a new stake in shares of Charles Schwab in the 2nd quarter worth about $25,000. RMG Wealth Management LLC purchased a new position in Charles Schwab in the second quarter worth about $27,000. West Branch Capital LLC purchased a new position in Charles Schwab in the third quarter worth about $27,000. Mid American Wealth Advisory Group Inc. bought a new stake in Charles Schwab during the second quarter worth approximately $32,000. Finally, Hoese & Co LLP raised its position in Charles Schwab by 131.6% during the second quarter. Hoese & Co LLP now owns 352 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 84.38% of the company's stock.
Charles Schwab Company Profile
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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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