Charles Schwab Corp EVP Jay L. Allen Sells 8,132 Shares (SCHW)
Charles Schwab Corp (NASDAQ:SCHW) EVP Jay L. Allen sold 8,132 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $27.44, for a total transaction of $223,142.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Charles Schwab Corp (NASDAQ:SCHW) traded down 1.21% during mid-day trading on Tuesday, hitting $27.355. The stock had a trading volume of 3,218,897 shares. Charles Schwab Corp has a 52-week low of $20.44 and a 52-week high of $29.13. The stock’s 50-day moving average is $27.39 and its 200-day moving average is $26.46. The company has a market cap of $35.593 billion and a price-to-earnings ratio of 29.97.
Charles Schwab Corp (NASDAQ:SCHW) last posted its quarterly earnings results on Wednesday, July 16th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting the 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 in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, analysts predict that Charles Schwab Corp will post $0.96 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 22nd. Investors of record on Friday, August 8th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Wednesday, August 6th.
A number of analysts have recently weighed in on SCHW shares. 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 research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $29.50.
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.