Charles Schwab Corp EVP Sells $183,683 in Stock (SCHW)
Charles Schwab Corp (NASDAQ:SCHW) EVP Jay L. Allen sold 6,470 shares of the stock on the open market in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $28.39, for a total transaction of $183,683.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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, August 14th. 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 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 presently has a consensus rating of “Hold” and a consensus price target of $30.00.
Charles Schwab Corp (NASDAQ:SCHW) traded up 0.49% on Friday, hitting $28.57. The stock had a trading volume of 5,504,401 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 $27.63 and a 200-day moving average of $26.63. The company has a market cap of $37.237 billion and a P/E ratio of 30.94.
Charles Schwab Corp (NASDAQ:SCHW) last issued its quarterly earnings data 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. 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. Shareholders 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 0.84%. The ex-dividend date is Wednesday, August 6th.
The Charles Schwab Corporation (NASDAQ:SCHW) is a savings and loan holding company.
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