Charles Schwab (NYSE:SCHW) Insider Jonathan Beatty Sells 2,000 Shares

The Charles Schwab Corporation (NYSE:SCHW) insider Jonathan Beatty sold 2,000 shares of Charles Schwab stock in a transaction 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 $1,216,265.23. The trade was a 14.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Charles Schwab Price Performance

Shares of NYSE:SCHW opened at $101.26 on Tuesday. The business has a fifty day moving average price of $95.08 and a 200-day moving average price of $94.36. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market capitalization of $179.93 billion, a PE ratio of 23.71, a PEG ratio of 0.83 and a beta of 0.96. The Charles Schwab Corporation has a 1-year low of $65.88 and a 1-year high of $102.28.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results 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. The company had revenue of $6.38 billion for the quarter, compared to analysts’ expectations of $5.93 billion. Charles Schwab had a net margin of 35.93% and a return on equity of 21.02%. Charles Schwab’s revenue was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 EPS. As a group, equities analysts expect that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.1%. Charles Schwab’s dividend payout ratio (DPR) is 25.29%.

Analysts Set New Price Targets

Several analysts have commented on SCHW shares. Piper Sandler reiterated a “neutral” rating on shares of Charles Schwab in a research note on Tuesday, October 14th. Truist Financial increased their price objective on Charles Schwab from $112.00 to $113.00 and gave the company a “buy” rating in a research report on Friday, October 17th. Weiss Ratings reissued a “hold (c+)” rating on shares of Charles Schwab in a research report on Wednesday, October 8th. The Goldman Sachs Group restated a “buy” rating and set a $114.00 target price on shares of Charles Schwab in a research note on Friday, October 17th. Finally, Barclays reduced their price target on shares of Charles Schwab from $115.00 to $111.00 and set an “overweight” rating for the company in a research note on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $108.84.

Institutional Investors Weigh In On Charles Schwab

Several hedge funds and other institutional investors have recently made changes to their positions in SCHW. Brighton Jones LLC raised its position in Charles Schwab by 380.5% in the fourth quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider’s stock worth $1,794,000 after acquiring an additional 19,195 shares during the period. CreativeOne Wealth LLC grew its position in shares of Charles Schwab by 12.1% during the 1st quarter. CreativeOne Wealth LLC now owns 6,232 shares of the financial services provider’s stock valued at $488,000 after acquiring an additional 673 shares during the period. WPG Advisers LLC purchased a new stake in shares of Charles Schwab in the 1st quarter worth $52,000. Vident Advisory LLC raised its holdings in Charles Schwab by 22.0% in the 1st quarter. Vident Advisory LLC now owns 57,588 shares of the financial services provider’s stock worth $4,508,000 after purchasing an additional 10,394 shares during the period. Finally, Activest Wealth Management raised its holdings in Charles Schwab by 6,650.0% in the 1st quarter. Activest Wealth Management now owns 405 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 399 shares during the period. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Company Profile

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.