Paul Woolway Sells 7,942 Shares of Charles Schwab (NYSE:SCHW) Stock

by · The Cerbat Gem

The Charles Schwab Corporation (NYSE:SCHW – Get Free Report) insider Paul Woolway sold 7,942 shares of the stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $98.00, for a total value of $778,316.00. Following the completion of the transaction, the insider directly owned 29,866 shares in the company, valued at $2,926,868. This trade represents a 21.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Charles Schwab Trading Down 7.6%

Shares of SCHW traded down $7.62 during trading hours on Thursday, hitting $92.65. The stock had a trading volume of 27,827,050 shares, compared to its average volume of 8,839,491. 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 $161.03 billion, a P/E ratio of 19.88, a P/E/G ratio of 0.82 and a beta of 0.90. The company’s fifty day simple moving average is $95.27 and its 200 day simple moving average is $96.42. The Charles Schwab Corporation has a 12-month low of $73.76 and a 12-month high of $107.50.

Charles Schwab (NYSE:SCHW – Get Free Report) last announced its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.04. The firm had revenue of $6.48 billion during the quarter, compared to analysts’ expectations of $6.39 billion. Charles Schwab had a net margin of 37.01% and a return on equity of 21.97%. The firm’s revenue was up 15.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.04 EPS. 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 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, February 13th. This is an increase from Charles Schwab’s previous quarterly dividend of $0.27. Charles Schwab’s payout ratio is presently 27.47%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SCHW. Citizens Jmp boosted their target price on shares of Charles Schwab from $110.00 to $120.00 and gave the stock a “market outperform” rating in a research report on Monday, January 12th. Barclays dropped their target price on shares of Charles Schwab from $126.00 to $117.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Truist Financial dropped their target price on shares of Charles Schwab from $122.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. UBS Group dropped their target price on shares of Charles Schwab from $125.00 to $119.00 and set a “buy” rating for the company in a research report on Wednesday, April 8th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Charles Schwab in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Charles Schwab presently has an average rating of “Moderate Buy” and a consensus target price of $114.50.

View Our Latest Stock Report on SCHW

Institutional Investors Weigh In On Charles Schwab

A number of institutional investors have recently modified their holdings of the business. Souders Financial Advisors grew its position in Charles Schwab by 2.3% in the 4th quarter. Souders Financial Advisors now owns 4,341 shares of the financial services provider’s stock worth $434,000 after purchasing an additional 98 shares during the last quarter. Lantz Financial LLC grew its position in Charles Schwab by 3.1% in the 4th quarter. Lantz Financial LLC now owns 3,243 shares of the financial services provider’s stock worth $324,000 after purchasing an additional 99 shares during the last quarter. Roberts Wealth Advisors LLC grew its position in Charles Schwab by 0.5% in the 4th quarter. Roberts Wealth Advisors LLC now owns 22,961 shares of the financial services provider’s stock worth $2,294,000 after purchasing an additional 105 shares during the last quarter. Essex Financial Services Inc. grew its position in Charles Schwab by 0.8% in the 4th quarter. Essex Financial Services Inc. now owns 12,833 shares of the financial services provider’s stock worth $1,282,000 after purchasing an additional 105 shares during the last quarter. Finally, ZWJ Investment Counsel Inc. grew its position in Charles Schwab by 4.6% in the 3rd quarter. ZWJ Investment Counsel Inc. now owns 2,390 shares of the financial services provider’s stock worth $228,000 after purchasing an additional 106 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

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About Charles Schwab

(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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