The Charles Schwab Corporation (NYSE:SCHW - Get Free Report) insider Paul Woolway sold 6,126 shares of the firm's stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $94.61, for a total value of $579,580.86. Following the sale, the insider directly owned 29,866 shares of the company's stock, valued at $2,825,622.26. This represents a 17.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Charles Schwab Price Performance
Charles Schwab stock opened at $95.16 on Wednesday. The business's fifty day moving average is $100.13 and its two-hundred day moving average is $96.46. 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 firm has a market cap of $166.74 billion, a P/E ratio of 20.42, a P/E/G ratio of 0.77 and a beta of 0.93. The Charles Schwab Corporation has a 52 week low of $65.88 and a 52 week high of $107.50.
Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $6.19 billion. During the same period in the previous year, the business posted $1.01 earnings per share. The firm's revenue for the quarter was up 18.9% compared to the same quarter last year. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. Equities research analysts forecast that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.
Charles Schwab Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.3%. This is an increase from Charles Schwab's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, February 13th. Charles Schwab's payout ratio is currently 27.47%.
Charles Schwab News Roundup
Here are the key news stories impacting Charles Schwab this week:
Wall Street Analysts Forecast Growth
A number of brokerages have commented on SCHW. Wolfe Research set a $120.00 price objective on Charles Schwab in a research report on Monday, January 12th. TD Cowen raised their price target on Charles Schwab from $135.00 to $138.00 and gave the company a "buy" rating in a report on Thursday, January 22nd. UBS Group lifted their price objective on Charles Schwab from $123.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, January 22nd. Truist Financial boosted their price objective on Charles Schwab from $120.00 to $122.00 and gave the stock a "buy" rating in a report on Thursday, January 22nd. Finally, Citizens Jmp raised their target price on shares of Charles Schwab from $110.00 to $120.00 and gave the company a "market outperform" rating in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $115.95.
View Our Latest Report on Charles Schwab
Hedge Funds Weigh In On Charles Schwab
Hedge funds have recently added to or reduced their stakes in the stock. Dogwood Wealth Management LLC increased its stake in shares of Charles Schwab by 99.2% in the 4th quarter. Dogwood Wealth Management LLC now owns 247 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 123 shares during the last quarter. Piscataqua Savings Bank bought a new position in Charles Schwab during the 4th quarter worth approximately $26,000. West Branch Capital LLC acquired a new position in Charles Schwab during the third quarter valued at approximately $27,000. GoalVest Advisory LLC acquired a new position in Charles Schwab during the fourth quarter valued at approximately $28,000. Finally, Beacon Financial Strategies CORP bought a new stake in Charles Schwab in the fourth quarter valued at approximately $29,000. 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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
