Insider Selling: The Charles Schwab Co. (NYSE:SCHW) Director Sells 8,548 Shares of Stock

The Charles Schwab Co. (NYSE:SCHW) Director Arun Sarin sold 8,548 shares of the business’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total transaction of $699,397.36. Following the transaction, the director now directly owns 18,617 shares of the company’s stock, valued at approximately $1,523,242.94. This represents a 31.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Charles Schwab Price Performance

Shares of Charles Schwab stock opened at $81.73 on Wednesday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $145.45 billion, a price-to-earnings ratio of 27.33, a P/E/G ratio of 1.46 and a beta of 0.99. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $83.35. The firm’s 50-day moving average price is $77.82 and its two-hundred day moving average price is $70.87.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.11. The firm had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 earnings per share. On average, equities analysts predict that The Charles Schwab Co. will post 4.09 earnings per share for the current fiscal year.

Institutional Trading of Charles Schwab

Large investors have recently added to or reduced their stakes in the company. Angeles Wealth Management LLC bought a new stake in shares of Charles Schwab during the fourth quarter valued at approximately $384,000. Coronation Fund Managers Ltd. grew its stake in shares of Charles Schwab by 3.5% during the fourth quarter. Coronation Fund Managers Ltd. now owns 507,190 shares of the financial services provider’s stock valued at $37,537,000 after purchasing an additional 17,175 shares during the last quarter. LJI Wealth Management LLC bought a new stake in shares of Charles Schwab during the fourth quarter valued at approximately $207,000. HTLF Bank bought a new stake in shares of Charles Schwab during the fourth quarter valued at approximately $213,000. Finally, Kestra Private Wealth Services LLC grew its stake in shares of Charles Schwab by 7.8% during the fourth quarter. Kestra Private Wealth Services LLC now owns 9,415 shares of the financial services provider’s stock valued at $697,000 after purchasing an additional 680 shares during the last quarter. 84.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SCHW shares. Wells Fargo & Company raised shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $89.00 to $93.00 in a research report on Wednesday, January 22nd. Redburn Partners cut their price objective on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a research report on Friday, January 17th. UBS Group upped their price objective on shares of Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Monday. Jefferies Financial Group upped their price objective on shares of Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Charles Schwab has an average rating of “Hold” and an average target price of $84.11.

Charles Schwab Company Profile

The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services.