Charles Schwab Corp EVP Sells $541,754 in Stock (SCHW)
Charles Schwab Corp (NASDAQ:SCHW) EVP Jay L. Allen sold 19,693 shares of the company’s stock on the open market in a transaction dated Friday, August 1st. The shares were sold at an average price of $27.51, for a total value of $541,754.43. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
SCHW has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Charles Schwab Corp in a research note on Monday, July 28th. They now have a $29.00 price target on the stock, up previously from $27.00. Separately, analysts at Sandler O’Neill raised their price target on shares of Charles Schwab Corp from $1.00 to $31.00 in a research note on Monday, July 28th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Charles Schwab Corp in a research note on Thursday, July 17th. They now have a $29.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $29.50.
Charles Schwab Corp (NASDAQ:SCHW) traded up 0.87% on Monday, hitting $27.69. 4,604,639 shares of the company’s stock traded hands. Charles Schwab Corp has a 52-week low of $20.44 and a 52-week high of $29.13. The stock has a 50-day moving average of $27.34 and a 200-day moving average of $26.44. The company has a market cap of $36.029 billion and a P/E ratio of 29.71.
Charles Schwab Corp (NASDAQ:SCHW) last posted its quarterly earnings results on Wednesday, July 16th. The company reported $0.23 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.23. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter last year, the company posted $0.18 earnings per share. Charles Schwab Corp’s revenue was up 10.5% compared to the same quarter last year. Analysts expect that Charles Schwab Corp will post $0.96 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 22nd. Shareholders of record on Friday, August 8th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Wednesday, August 6th.
The Charles Schwab Corporation (NASDAQ:SCHW) is a savings and loan holding company.
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