Insider Selling: John S. Clendening Sells 1,500 Shares of Charles Schwab Corp Stock (SCHW)
Charles Schwab Corp (NASDAQ:SCHW) EVP John S. Clendening sold 1,500 shares of Charles Schwab Corp stock on the open market in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $27.67, for a total transaction of $41,505.00. Following the completion of the sale, the executive vice president now directly owns 275 shares of the company’s stock, valued at approximately $7,609. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Charles Schwab Corp (NASDAQ:SCHW) traded down 0.02% during mid-day trading on Thursday, hitting $27.585. The stock had a trading volume of 2,123,872 shares. 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 $27.49 and a 200-day moving average of $26.52. The company has a market cap of $35.953 billion and a price-to-earnings ratio of 30.02.
Charles Schwab Corp (NASDAQ:SCHW) last released its earnings data on Wednesday, July 16th. The company reported $0.23 EPS for the quarter, meeting the Thomson Reuters 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. 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. Investors 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.
A number of analysts have recently weighed in on SCHW shares. Analysts at Deutsche Bank initiated coverage on shares of Charles Schwab Corp in a research note on Thursday. They set a “buy” rating and a $34.00 price target on the stock. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $30.00.
The Charles Schwab Corporation (NASDAQ:SCHW) is a savings and loan holding company.
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