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 the 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 transaction, the executive vice president now directly owns 275 shares of the company’s stock, valued at approximately $7,609. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Charles Schwab Corp (NASDAQ:SCHW) opened at 27.27 on Monday. 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 $27.52 and a 200-day moving average of $26.54. The company has a market cap of $35.542 billion and a price-to-earnings ratio of 30.07.
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 0.88%. The ex-dividend date of this dividend is Wednesday, August 6th.
Several analysts have recently commented on the stock. 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 analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus 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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