Charles Schwab (NYSE:SCHW) General Counsel Peter Morgan III Sells 7,595 Shares

The Charles Schwab Corporation (NYSE:SCHW) General Counsel Peter Morgan III sold 7,595 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $104.38, for a total transaction of $792,766.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Charles Schwab Stock Performance

Shares of NYSE:SCHW traded down $1.41 during midday trading on Tuesday, hitting $103.76. The stock had a trading volume of 13,372,064 shares, compared to its average volume of 8,889,495. The Charles Schwab Corporation has a 1 year low of $65.88 and a 1 year high of $105.81. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.47. The stock has a 50 day moving average price of $99.58 and a two-hundred day moving average price of $96.47. The company has a market capitalization of $184.37 billion, a PE ratio of 22.27, a P/E/G ratio of 0.85 and a beta of 0.94.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.07. Charles Schwab had a net margin of 37.01% and a return on equity of 22.07%. The firm had revenue of $6.34 billion during the quarter, compared to the consensus estimate of $6.19 billion. During the same quarter last year, the firm earned $1.01 earnings per share. The firm’s revenue was up 18.9% compared to the same quarter last year. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. As a group, equities analysts predict that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, February 13th. Charles Schwab’s dividend payout ratio (DPR) is presently 23.18%.

Wall Street Analyst Weigh In

SCHW has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on Charles Schwab from $119.00 to $121.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $131.00 price target on shares of Charles Schwab in a report on Thursday, January 22nd. Wolfe Research set a $120.00 price objective on shares of Charles Schwab in a report on Monday, January 12th. The Goldman Sachs Group restated a “buy” rating and set a $114.00 target price on shares of Charles Schwab in a research report on Friday, October 17th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $114.00 price target on shares of Charles Schwab in a research report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $115.65.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in Charles Schwab by 0.3% during the third quarter. Vanguard Group Inc. now owns 151,585,214 shares of the financial services provider’s stock worth $14,471,840,000 after buying an additional 403,133 shares in the last quarter. State Street Corp boosted its stake in shares of Charles Schwab by 1.0% during the third quarter. State Street Corp now owns 73,156,290 shares of the financial services provider’s stock valued at $6,984,231,000 after acquiring an additional 691,671 shares during the last quarter. Geode Capital Management LLC increased its position in Charles Schwab by 2.9% during the 2nd quarter. Geode Capital Management LLC now owns 37,381,183 shares of the financial services provider’s stock worth $3,399,181,000 after purchasing an additional 1,038,376 shares in the last quarter. Franklin Resources Inc. increased its position in Charles Schwab by 2.8% during the 2nd quarter. Franklin Resources Inc. now owns 30,035,937 shares of the financial services provider’s stock worth $2,740,479,000 after purchasing an additional 815,625 shares in the last quarter. Finally, Fisher Asset Management LLC raised its stake in Charles Schwab by 1.3% in the 3rd quarter. Fisher Asset Management LLC now owns 21,646,588 shares of the financial services provider’s stock valued at $2,066,600,000 after purchasing an additional 269,898 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Company Profile

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.