Jonathan Beatty Sells 2,000 Shares of Charles Schwab (NYSE:SCHW) Stock

The Charles Schwab Corporation (NYSE:SCHW) insider Jonathan Beatty sold 2,000 shares of the stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $100.01, for a total transaction of $200,020.00. Following the completion of the transaction, the insider owned 15,738 shares in the company, valued at $1,573,957.38. This trade represents a 11.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Charles Schwab Trading Up 1.2%

Shares of NYSE:SCHW opened at $101.82 on Wednesday. The Charles Schwab Corporation has a 12-month low of $83.96 and a 12-month high of $107.50. The company has a market cap of $177.08 billion, a PE ratio of 20.20, a price-to-earnings-growth ratio of 0.92 and a beta of 0.77. The stock has a 50 day moving average of $90.96 and a 200 day moving average of $95.23. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.48.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.04. The business had revenue of $6.48 billion during the quarter, compared to analyst estimates of $6.39 billion. Charles Schwab had a net margin of 37.99% and a return on equity of 23.05%. The company’s revenue was up 15.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.04 earnings per share. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. As a group, equities research analysts expect that The Charles Schwab Corporation will post 6.14 EPS for the current year.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, May 8th. Charles Schwab’s payout ratio is presently 25.40%.

Charles Schwab News Roundup

Here are the key news stories impacting Charles Schwab this week:

• Positive Sentiment: Schwab’s June STAX reading rose to 59.12, its highest level in four years, signaling robust retail investor trading activity and potentially stronger brokerage-driven revenue. Schwab Trading Activity Index™: STAX Score Reaches a Four-Year High in June
• Positive Sentiment: Coverage highlighting a renewed retail trading boom supports the view that Schwab is quietly benefiting from increased market participation by individual investors. The Retail Trading Boom Is Back. Charles Schwab Is Quietly Cashing In.
• Neutral Sentiment: An insider sale by Jonathan Beatty was disclosed, but it was a pre-arranged Rule 10b5-1 transaction, which makes it less meaningful as a bearish signal. Charles Schwab (NYSE:SCHW) Insider Jonathan Beatty Sells 2,000 Shares of Stock
• Neutral Sentiment: Charles Schwab’s prior backing of institutional crypto exchange EDX Markets is getting renewed attention, but the news is more about the broader crypto infrastructure ecosystem than a direct catalyst for Schwab shares. Institutional crypto exchange EDX lands $76M from SBI Holdings

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Morgan Stanley lowered their target price on shares of Charles Schwab from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Friday, April 17th. TD Cowen boosted their price objective on shares of Charles Schwab from $108.00 to $109.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Weiss Ratings reissued a “buy (b-)” rating on shares of Charles Schwab in a research note on Thursday, June 18th. Truist Financial decreased their price objective on shares of Charles Schwab from $122.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Finally, Raymond James Financial boosted their price objective on shares of Charles Schwab from $126.00 to $137.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $116.00.

Institutional Trading of Charles Schwab

A number of hedge funds have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in Charles Schwab during the fourth quarter worth approximately $1,994,189,000. Bank of New York Mellon Corp grew its stake in Charles Schwab by 22.9% in the 1st quarter. Bank of New York Mellon Corp now owns 16,162,082 shares of the financial services provider’s stock valued at $1,518,913,000 after acquiring an additional 3,009,884 shares during the period. Primecap Management Co. CA increased its holdings in Charles Schwab by 9.7% in the 4th quarter. Primecap Management Co. CA now owns 23,276,071 shares of the financial services provider’s stock worth $2,325,512,000 after acquiring an additional 2,066,884 shares in the last quarter. Focus Partners Wealth raised its position in Charles Schwab by 716.5% during the fourth quarter. Focus Partners Wealth now owns 2,101,463 shares of the financial services provider’s stock worth $209,948,000 after acquiring an additional 1,844,095 shares during the period. Finally, First Trust Advisors LP lifted its holdings in Charles Schwab by 292.7% during the third quarter. First Trust Advisors LP now owns 2,206,320 shares of the financial services provider’s stock valued at $210,637,000 after purchasing an additional 1,644,503 shares in the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Charles Schwab Company Profile

Charles Schwab Corporation (NYSE: SCHW) is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.