Paula Sneed Sells 5,263 Shares of Charles Schwab (NYSE:SCHW) Stock

The Charles Schwab Corporation (NYSE:SCHW) Director Paula Sneed sold 5,263 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $107.15, for a total value of $563,930.45. Following the sale, the director directly owned 91,711 shares of the company’s stock, valued at $9,826,833.65. This represents a 5.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Charles Schwab Trading Down 0.3%

SCHW stock opened at $107.65 on Wednesday. The Charles Schwab Corporation has a one year low of $83.96 and a one year high of $109.32. The stock has a market cap of $187.21 billion, a price-to-earnings ratio of 19.57, a price-to-earnings-growth ratio of 0.82 and a beta of 0.76. The company has a fifty day moving average price of $98.07 and a two-hundred day moving average price of $95.69. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.62 and a quick ratio of 0.62.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.06. The company had revenue of $7.07 billion for the quarter, compared to analyst estimates of $6.90 billion. Charles Schwab had a net margin of 38.79% and a return on equity of 24.73%. The company’s revenue was up 20.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.14 earnings per share. Equities analysts anticipate that The Charles Schwab Corporation will post 6.46 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 14th. Charles Schwab’s dividend payout ratio is currently 23.27%.

Institutional Trading of Charles Schwab

A number of institutional investors have recently bought and sold shares of SCHW. Dogwood Wealth Management LLC increased its holdings in shares of Charles Schwab by 99.2% during the fourth quarter. Dogwood Wealth Management LLC now owns 247 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 123 shares during the period. Optima Capital LLC bought a new stake in shares of Charles Schwab in the fourth quarter valued at approximately $30,000. Scarborough Advisors LLC bought a new stake in shares of Charles Schwab in the first quarter valued at approximately $29,000. McIlrath & Eck LLC grew its position in Charles Schwab by 143.2% during the fourth quarter. McIlrath & Eck LLC now owns 321 shares of the financial services provider’s stock worth $32,000 after buying an additional 189 shares in the last quarter. Finally, Allworth Financial LP acquired a new stake in Charles Schwab during the second quarter worth approximately $75,000. Institutional investors own 84.38% of the company’s stock.

Charles Schwab News Roundup

Here are the key news stories impacting Charles Schwab this week:

• Positive Sentiment: Schwab’s Trading Activity Index rose modestly in July, while company data showed retail investors were net buyers during market volatility, including purchases of discounted artificial-intelligence stocks. Continued trading and client engagement could support transaction-related revenue and reinforce Schwab’s growth outlook. Schwab Trading Activity Index up modestly in July Schwab retail investor activity
• Neutral Sentiment: Director Paula Sneed sold 5,263 shares, while insider Nigel Murtagh sold a combined 26,675 shares for approximately $2.91 million. Murtagh’s transactions were conducted under a pre-arranged Rule 10b5-1 plan, making the sales less conclusive as a signal of management sentiment, although the activity may encourage some caution. SEC insider trading filing
• Negative Sentiment: Linqto said it is continuing litigation against Forge Global and Schwab and seeking damages and legal-fee reimbursement related to more than 13,000 customers. The claims could create legal, reputational, and financial uncertainty, though liability has not been established. Linqto litigation announcement
• Negative Sentiment: A report highlighted Schwab’s disclosed risks involving client cryptocurrency assets and possible delays in returning assets. The report describes a potential risk rather than evidence of imminent insolvency, but it may weigh on sentiment surrounding custody and operational controls. Schwab crypto-asset risk report

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SCHW. Citigroup restated a “market outperform” rating on shares of Charles Schwab in a report on Wednesday, July 22nd. BMO Capital Markets lowered 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. TD Cowen lifted their price target on Charles Schwab from $108.00 to $109.00 and gave the stock a “buy” rating in a report on Friday, May 15th. UBS Group set a $135.00 price target on Charles Schwab in a research note on Monday, August 3rd. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $127.00 price objective on shares of Charles Schwab in a report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $121.17.

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.