Stock Traders Purchase High Volume of Put Options on Charles Schwab (NYSE:SCHW)

The Charles Schwab Corporation (NYSE:SCHWGet Free Report) saw unusually large options trading activity on Friday. Stock investors purchased 38,766 put options on the company. This represents an increase of 30% compared to the typical daily volume of 29,869 put options.

Key Headlines Impacting Charles Schwab

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

Insider Transactions at Charles Schwab

In related news, insider Paul V. Woolway sold 7,941 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $100.00, for a total transaction of $794,100.00. Following the sale, the insider directly owned 29,866 shares of the company’s stock, valued at $2,986,600. This represents a 21.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank C. Herringer sold 2,520 shares of the stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $90.60, for a total transaction of $228,312.00. Following the sale, the director owned 177,508 shares in the company, valued at approximately $16,082,224.80. This trade represents a 1.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 59,700 shares of company stock valued at $5,889,131. 6.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SCHW. Redwood Investment Management LLC purchased a new position in shares of Charles Schwab during the first quarter worth about $1,051,000. Ballast Advisors LLC purchased a new stake in shares of Charles Schwab in the 1st quarter valued at about $56,000. Sapient Capital LLC purchased a new stake in shares of Charles Schwab in the 1st quarter valued at about $292,000. Southern Financial Group LLC boosted its position in shares of Charles Schwab by 8.8% in the 1st quarter. Southern Financial Group LLC now owns 3,769 shares of the financial services provider’s stock valued at $354,000 after purchasing an additional 305 shares during the period. Finally, PVG Asset Management Corp boosted its position in shares of Charles Schwab by 471.4% in the 1st quarter. PVG Asset Management Corp now owns 13,439 shares of the financial services provider’s stock valued at $1,222,000 after purchasing an additional 11,087 shares during the period. 84.38% of the stock is owned by hedge funds and other institutional investors.

Charles Schwab Trading Up 1.0%

NYSE:SCHW opened at $90.37 on Friday. Charles Schwab has a 1 year low of $83.96 and a 1 year high of $107.50. The stock has a market cap of $157.17 billion, a P/E ratio of 17.93, a P/E/G ratio of 0.83 and a beta of 0.77. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.62 and a current ratio of 0.62. The stock has a 50-day simple moving average of $90.26 and a 200-day simple moving average of $95.21.

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

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, May 8th. Charles Schwab’s payout ratio is currently 25.40%.

Wall Street Analyst Weigh In

Several research firms have commented on SCHW. Morgan Stanley dropped their price target on shares of Charles Schwab from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Friday, April 17th. Barclays lifted their target price on Charles Schwab from $117.00 to $127.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Jefferies Financial Group lowered their target price on Charles Schwab from $122.00 to $118.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Argus set a $108.00 price target on Charles Schwab in a research report on Monday, April 20th. Finally, Truist Financial reduced their price target on Charles Schwab from $122.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $116.00.

Get Our Latest Report on SCHW

Charles Schwab Company Profile

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Charles Schwab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charles Schwab and related companies with MarketBeat.com's FREE daily email newsletter.