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 firm’s stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $102.01, for a total value of $204,020.00. Following the completion of the transaction, the insider owned 11,923 shares in the company, valued at $1,216,265.23. The trade was a 14.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Charles Schwab Trading Down 0.8%

Shares of Charles Schwab stock opened at $100.49 on Wednesday. The company has a quick ratio of 0.58, a current 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 company has a market capitalization of $178.56 billion, a price-to-earnings ratio of 23.53, a PEG ratio of 0.82 and a beta of 0.96. The firm’s 50-day moving average price is $95.19 and its two-hundred day moving average price is $94.45.

Charles Schwab (NYSE:SCHW) last issued its 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. The company had revenue of $6.38 billion during 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%. The business’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.71 EPS. On average, analysts forecast that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, November 14th. Charles Schwab’s dividend payout ratio (DPR) is currently 25.29%.

Analysts Set New Price Targets

Several analysts recently weighed in on SCHW shares. Deutsche Bank Aktiengesellschaft upped their price objective on Charles Schwab from $119.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. TD Cowen increased their target price on shares of Charles Schwab from $129.00 to $134.00 and gave the stock a “buy” rating in a report on Friday, October 17th. UBS Group started coverage on shares of Charles Schwab in a research note on Thursday, December 11th. They issued a “buy” rating and a $119.00 price target on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Charles Schwab from $109.00 to $111.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Charles Schwab in a research note on Wednesday, October 8th. One equities 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $108.84.

Institutional Investors Weigh In On Charles Schwab

Several hedge funds have recently added to or reduced their stakes in SCHW. Princeton Global Asset Management LLC bought a new position in shares of Charles Schwab during the second quarter valued at $25,000. RMG Wealth Management LLC acquired a new stake in Charles Schwab in the second quarter valued at $27,000. West Branch Capital LLC bought a new position in Charles Schwab during the 3rd quarter worth $27,000. CBIZ Investment Advisory Services LLC lifted its holdings in Charles Schwab by 97.9% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 386 shares of the financial services provider’s stock worth $30,000 after buying an additional 191 shares during the period. Finally, Activest Wealth Management grew its position in shares of Charles Schwab by 6,650.0% in the 1st quarter. Activest Wealth Management now owns 405 shares of the financial services provider’s stock valued at $32,000 after buying an additional 399 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

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.