Insider Selling: Charles Schwab Corp. EVP Sells 93,542 Shares of Stock (SCHW)
Charles Schwab Corp. (NASDAQ:SCHW) EVP Jay Allen sold 93,542 shares of the stock on the open market in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $23.55, for a total value of $2,202,914.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Keefe, Bruyette & Woods reiterated a “sell” rating on shares of Charles Schwab Corp. in a research note to investors on Wednesday. They now have a $20.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Charles Schwab Corp. in a research note to investors on Wednesday. They now have a $24.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of Charles Schwab Corp. from $21.00 to $23.00 in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. They noted that the move was a valuation call. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $19.58.
Charles Schwab Corp. (NASDAQ:SCHW) traded up 0.15% on Friday, hitting $23.655. 4,302,321 shares of the company’s stock traded hands. Charles Schwab Corp. has a 1-year low of $12.47 and a 1-year high of $23.93. The stock’s 50-day moving average is $21.64 and its 200-day moving average is $20.26. The company has a market cap of $30.395 billion and a price-to-earnings ratio of 35.79.
Charles Schwab Corp. (NASDAQ:SCHW) last issued its quarterly earnings data on Tuesday, October 15th. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.02. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the company posted $0.19 earnings per share. The company’s quarterly revenue was up 14.8% on a year-over-year basis. Analysts expect that Charles Schwab Corp. will post $0.75 EPS for the current fiscal year.
The Charles Schwab Corporation (NASDAQ:SCHW) is a savings and loan holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.