Charles Schwab Corp major shareholder Unloads $39,795,000 in Stock (SCHW)
Charles Schwab Corp (NASDAQ:SCHW) major shareholder Charles R. Schwab unloaded 1,500,000 shares of Charles Schwab Corp stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $26.53, for a total transaction of $39,795,000.00. Following the transaction, the insider now directly owns 853,448 shares of the company’s stock, valued at approximately $22,641,975. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Charles Schwab Corp (NASDAQ:SCHW) traded up 0.11% on Thursday, hitting $26.58. The stock had a trading volume of 5,751,132 shares. Charles Schwab Corp has a 1-year low of $16.05 and a 1-year high of $29.13. The stock has a 50-day moving average of $26.84 and a 200-day moving average of $25.44. The company has a market cap of $34.516 billion and a price-to-earnings ratio of 30.38.
Charles Schwab Corp (NASDAQ:SCHW) last released its earnings data on Tuesday, April 15th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.02. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. Analysts expect that Charles Schwab Corp will post $0.97 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, May 23rd. Investors of record on Friday, May 9th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Wednesday, May 7th.
A number of research firms have recently commented on SCHW. Analysts at Zacks reiterated a “neutral” rating on shares of Charles Schwab Corp in a research note on Wednesday, April 16th. They now have a $27.50 price target on the stock. Separately, analysts at Compass Point raised their price target on shares of Charles Schwab Corp from $25.00 to $28.00 in a research note on Wednesday, April 16th. They now have a “neutral” rating on the stock. Finally, analysts at UBS AG upgraded shares of Charles Schwab Corp from a “neutral” rating to a “buy” rating in a research note on Monday, April 14th. They now have a $33.00 price target on the stock, up previously from $28.00. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $23.73.
The Charles Schwab Corporation (NASDAQ:SCHW) is a savings and loan holding company.
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