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

The Charles Schwab Corporation (NYSE:SCHW) insider Jonathan Beatty sold 2,000 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $102.01, for a total value of $204,020.00. Following the sale, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Charles Schwab Stock Performance

Shares of SCHW stock traded down $0.63 during trading on Monday, reaching $101.26. The company had a trading volume of 7,957,432 shares, compared to its average volume of 9,657,209. The firm’s 50 day simple moving average is $94.96 and its two-hundred day simple moving average is $94.27. The Charles Schwab Corporation has a one year low of $65.88 and a one year high of $102.28. 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.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.31 EPS for the quarter, beating the consensus estimate of $1.25 by $0.06. Charles Schwab had a return on equity of 21.02% and a net margin of 35.93%.The company had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $5.93 billion. During the same quarter last 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. Sell-side analysts forecast that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders 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 dividend on an annualized basis and a yield of 1.1%. Charles Schwab’s payout ratio is currently 25.29%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. BMO Capital Markets started coverage on Charles Schwab in a research note on Friday, October 3rd. They issued an “outperform” rating and a $110.00 price objective on the stock. Morgan Stanley raised their target price on Charles Schwab from $139.00 to $148.00 and gave the company an “overweight” rating in a report on Monday, December 22nd. JPMorgan Chase & Co. lifted their price target on Charles Schwab from $119.00 to $121.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. 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. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Charles Schwab in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $108.84.

Institutional Trading of Charles Schwab

Institutional investors and hedge funds have recently modified their holdings of the company. Princeton Global Asset Management LLC acquired a new stake in Charles Schwab during the second quarter worth $25,000. RMG Wealth Management LLC bought a new position in shares of Charles Schwab during the 2nd quarter worth about $27,000. West Branch Capital LLC acquired a new stake in shares of Charles Schwab during the 3rd quarter valued at about $27,000. CBIZ Investment Advisory Services LLC increased its stake in Charles Schwab by 97.9% in the first quarter. CBIZ Investment Advisory Services LLC now owns 386 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 191 shares during the period. Finally, Activest Wealth Management raised its position in Charles Schwab by 6,650.0% in the first quarter. Activest Wealth Management now owns 405 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 399 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors.

About Charles Schwab

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.