Stock traders are buying a high volume of Charles Schwab call options (NYSE: SCHW)
The Charles Schwab Co. (NYSE:SCHW – Get Rating) was the target of unusual options trading activity on Monday. Stock traders bought 21,644 call options on the stock. This is an increase of approximately 106% from the average daily volume of 10,508 call options.
Insider buying and selling at Charles Schwab
In other news from Charles Schwab, insider Jonathan M. Craig sold 8,032 shares in a trade dated Friday, August 12. The shares were sold at an average price of $75.00, for a total transaction of $602,400.00. Following the completion of the transaction, the insider now owns 4,019 shares of the company, valued at approximately $301,425. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC’s website. Separately, Chairman Charles R. Schwab sold 120,000 shares of the company in a transaction dated Wednesday, July 20. The shares were sold at an average price of $62.70, for a total transaction of $7,524,000.00. Following the sale, the president now directly owns 71,083,305 shares of the company, valued at approximately $4,456,923,223.50. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this link. Additionally, insider Jonathan M. Craig sold 8,032 shares of the company in a trade dated Friday, August 12. The shares were sold at an average price of $75.00, for a total transaction of $602,400.00. Following the sale, the insider now owns 4,019 shares of the company, valued at $301,425. The disclosure of this sale can be found here. Insiders sold 277,632 shares of the company valued at $17,904,256 in the past 90 days. Insiders hold 7.50% of the shares of the company.
Institutional investors weigh in on Charles Schwab
Several institutional investors have recently bought and sold shares of SCHW. First Trust Advisors LP increased its position in Charles Schwab shares by 483.0% in the fourth quarter. First Trust Advisors LP now owns 97,602 shares of the financial services provider worth $8,208,000 after buying an additional 80,862 shares in the last quarter. Tobias Financial Advisors Inc. acquired a new stake in shares of Charles Schwab in Q4 worth $24,918,000. First Republic Investment Management Inc. increased its position in Charles Schwab shares by 1.8% in the fourth quarter. First Republic Investment Management Inc. now owns 444,474 shares of the financial services provider worth $37,380,000 after buying an additional 7,735 shares last quarter. Barings LLC increased its position in Charles Schwab shares by 22.0% in the fourth quarter. Barings LLC now owns 8,427 shares of the financial services provider valued at $708,000 after acquiring an additional 1,519 shares during the period. Finally, AXS Investments LLC bought a new position in Charles Schwab in Q4 worth $601,000. 87.13% of the shares are currently held by institutional investors and hedge funds.
Charles Schwab Stock up 0.1%
Shares of NYSE SCHW were up $0.05 at midday Monday, hitting $71.94. 301,278 shares of the company were traded, compared to its average volume of 8,336,118. The company has a quick ratio of 0.41, a current ratio of 0.41 and a leverage ratio of 0.62. The stock’s 50-day simple moving average is $66.75 and its 200-day simple moving average is $72.81. Charles Schwab has a one-year low of $59.35 and a one-year high of $96.24. The company has a market capitalization of $130.77 billion, a price/earnings ratio of 23.81, a P/E/G ratio of 0.88 and a beta of 1.10.
Charles Schwab (NYSE:SCHW – Get Rating) last released quarterly earnings data on Monday, July 18. The financial services provider reported earnings per share (EPS) of $0.97 for the quarter, beating consensus analyst estimates of $0.91 by $0.06. Charles Schwab had a net margin of 33.09% and a return on equity of 16.82%. The company posted revenue of $5.09 billion for the quarter, versus a consensus estimate of $5.04 billion. During the same period last year, the company earned earnings per share of $0.70. The company’s quarterly revenue increased 12.5% year over year. On average, analysts predict that Charles Schwab will post EPS of 3.92 for the current fiscal year.
Charles Schwab increases its dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 26. Shareholders of record on Friday August 12 received a dividend of $0.22 per share. The ex-dividend date was Thursday, August 11. This is an increase from Charles Schwab’s previous quarterly dividend of $0.20. This represents a dividend of $0.88 on an annualized basis and a dividend yield of 1.22%. Charles Schwab’s dividend payout ratio (DPR) is currently 28.95%.
Changes to analyst ratings
A number of research companies have weighed in on SCHW recently. StockNews.com upgraded Charles Schwab’s shares from a “sell” rating to a “hold” rating in a Thursday, May 12 research report. Morgan Stanley cut its price target on Charles Schwab shares from $98.00 to $93.00 and set an “overweight” rating on the stock in a Monday, August 1 research report. Deutsche Bank Aktiengesellschaft raised its price target on Charles Schwab shares from $90.00 to $95.00 in a Friday, August 19 research report. Redburn Partners began covering Charles Schwab shares in a research report on Thursday, June 23. They issued a “neutral” rating on the title. Finally, UBS Group raised its price target on Charles Schwab shares from $75.00 to $82.00 and gave the stock a “buy” rating in a Friday, July 29 research report. Four research analysts gave the stock a hold rating and twelve gave the stock a buy rating. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $92.83.
Charles Schwab Company Profile
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The Charles Schwab Corporation, together with its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custodial and financial advisory services. The Company operates through two segments, Investor Services and Advisory Services. The Investor Services segment provides retail brokerage, investment advisory, banking and trust, pension plan and other corporate brokerage services; equity compensation plan sponsors maintaining full-service records for equity plans, stock options, restricted stock, performance stock and stock appreciation rights; and clearing services for retail investors and mutual funds, as well as compliance solutions.
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