Key Points
- Charles Schwab insider Nigel Murtagh sold 24,778 shares for approximately $2.70 million, reducing his direct holdings by 29.94%. The transaction was executed under a pre-arranged Rule 10b5-1 plan.
- Schwab reported quarterly EPS of $1.62, beating estimates by $0.06, while revenue rose 20.9% year over year to $7.07 billion. The company also declared a quarterly dividend of $0.32 per share, representing a 1.2% yield.
- Analysts maintain a favorable outlook, with a consensus “Moderate Buy” rating and an average price target of $121.17, above the stock’s reported $107.95 opening price.
The Charles Schwab Corporation (NYSE:SCHW - Get Free Report) insider Nigel Murtagh sold 1,897 shares of the stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $109.00, for a total value of $206,773.00. Following the transaction, the insider directly owned 57,972 shares of the company's stock, valued at $6,318,948. The trade was a 3.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Charles Schwab Stock Performance
Shares of NYSE:SCHW opened at $107.95 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.62 and a quick ratio of 0.62. The business's 50 day moving average price is $97.67 and its 200-day moving average price is $95.65. The firm has a market capitalization of $187.74 billion, a PE ratio of 19.63, a P/E/G ratio of 0.82 and a beta of 0.76. The Charles Schwab Corporation has a 1 year low of $83.96 and a 1 year high of $109.32.
Charles Schwab (NYSE:SCHW - Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.62 EPS for the quarter, beating the consensus estimate of $1.56 by $0.06. The firm had revenue of $7.07 billion during the quarter, compared to the consensus estimate of $6.90 billion. Charles Schwab had a return on equity of 24.73% and a net margin of 38.79%.The firm's revenue was up 20.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.14 EPS. As a group, equities research analysts expect that The Charles Schwab Corporation will post 6.46 earnings per share for the current fiscal year.
Charles Schwab Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.2%. Charles Schwab's dividend payout ratio is presently 23.27%.
Trending Headlines about Charles Schwab
Here are the key news stories impacting Charles Schwab this week:
- Positive Sentiment: Charles Schwab’s Trading Activity Index increased modestly in July, indicating continued customer trading activity. Separately, Schwab data showed retail investors were net buyers of stocks during last month’s market volatility, including buying opportunities in artificial-intelligence shares. This supports client engagement and potentially stronger transaction-related revenue. Schwab Trading Activity Index up modestly in July Schwab: Retail investors want AI stocks on the cheap
- Neutral Sentiment: Director Paula A. Sneed sold 5,263 shares for approximately $564,000, reducing her direct position by 5.43%. Insider Nigel J. Murtagh also sold a combined 26,675 shares for roughly $2.91 million. Because Murtagh’s transactions were executed under a pre-arranged Rule 10b5-1 plan, the sales do not necessarily signal a negative view of SCHW; however, the combined insider selling can create modest investor caution. Sneed SEC filing Murtagh SEC filing
- Negative Sentiment: Linqto said it will continue litigation against Forge Global and Schwab, seeking damages and legal-fee reimbursement connected with alleged harm to more than 13,000 customers. The claims could add legal, reputational, and financial uncertainty for SCHW, although the reports do not indicate that liability has been established. Linqto litigation announcement
- Negative Sentiment: A report highlighted Schwab’s disclosed risk factors involving client cryptocurrency assets and potential delays in returning assets. This appears to describe a potential risk rather than evidence of imminent insolvency, but it may nevertheless pressure sentiment among investors focused on custody and operational risks. Charles Schwab crypto-asset risk report
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the stock. 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 shares of Charles Schwab from an "outperform" rating to a "market perform" rating and set a $105.00 target price on the stock. in a research note on Monday, July 20th. JPMorgan Chase & Co. boosted their target price on Charles Schwab from $128.00 to $131.00 and gave the stock an "overweight" rating in a report on Friday, April 17th. Piper Sandler set a $118.00 price target on Charles Schwab in a report on Tuesday, July 21st. Finally, Citigroup reiterated a "market outperform" rating on shares of Charles Schwab in a research report on Wednesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $121.17.
View Our Latest Stock Report on SCHW
Institutional Investors Weigh In On Charles Schwab
A number of institutional investors have recently made changes to their positions in the stock. Madison Asset Management LLC acquired a new position in shares of Charles Schwab in the 2nd quarter worth approximately $78,233,000. NewEdge Wealth LLC acquired a new position in Charles Schwab during the second quarter worth $247,000. Flossbach Von Storch SE purchased a new position in shares of Charles Schwab during the second quarter worth $987,930,000. Empirical Asset Management LLC acquired a new stake in shares of Charles Schwab in the second quarter valued at $344,000. Finally, Great Lakes Advisors LLC purchased a new stake in shares of Charles Schwab in the 2nd quarter valued at $7,200,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.
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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