Charles Schwab Sees Unusually High Options Volume (NYSE:SCHW)

The Charles Schwab Corporation (NYSE:SCHW) was the recipient of unusually large options trading on Tuesday. Stock traders acquired 32,529 call options on the company. This represents an increase of 48% compared to the typical volume of 21,952 call options.

Charles Schwab Stock Performance

Shares of NYSE SCHW traded up $1.75 during trading hours on Tuesday, hitting $90.13. 4,029,860 shares of the stock were exchanged, compared to its average volume of 9,437,018. The firm has a market capitalization of $163.76 billion, a P/E ratio of 27.31, a P/E/G ratio of 0.95 and a beta of 0.94. Charles Schwab has a one year low of $61.01 and a one year high of $90.60. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.53 and a quick ratio of 0.53. The company’s 50 day moving average is $85.04 and its 200 day moving average is $80.15.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.03. Charles Schwab had a return on equity of 18.31% and a net margin of 31.71%. The company had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.46 billion. During the same period last year, the business posted $0.74 earnings per share. On average, research analysts expect that Charles Schwab will post 4.22 EPS for the current year.

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were issued a dividend of $0.27 per share. The ex-dividend date was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.20%. Charles Schwab’s dividend payout ratio (DPR) is presently 32.73%.

Insiders Place Their Bets

In related news, insider Jonathan M. Craig sold 9,559 shares of Charles Schwab stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $82.00, for a total value of $783,838.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Paul V. Woolway sold 10,129 shares of the company’s stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $90.01, for a total transaction of $911,711.29. Following the sale, the insider now directly owns 39,154 shares of the company’s stock, valued at $3,524,251.54. This represents a 20.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 119,995 shares of company stock worth $10,493,320 over the last ninety days. Company insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Charles Schwab

Hedge funds and other institutional investors have recently modified their holdings of the stock. Swedbank AB grew its holdings in shares of Charles Schwab by 4.2% during the 1st quarter. Swedbank AB now owns 650,882 shares of the financial services provider’s stock worth $50,951,000 after purchasing an additional 26,461 shares in the last quarter. Voya Investment Management LLC boosted its stake in Charles Schwab by 7.3% during the first quarter. Voya Investment Management LLC now owns 485,838 shares of the financial services provider’s stock worth $38,031,000 after buying an additional 33,087 shares in the last quarter. eCIO Inc. bought a new stake in Charles Schwab in the 1st quarter valued at $110,000. First Hawaiian Bank raised its position in Charles Schwab by 5.2% in the first quarter. First Hawaiian Bank now owns 104,185 shares of the financial services provider’s stock worth $8,156,000 after purchasing an additional 5,135 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC raised its holdings in shares of Charles Schwab by 97.9% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 386 shares of the financial services provider’s stock worth $30,000 after buying an additional 191 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on SCHW shares. Keefe, Bruyette & Woods raised their price objective on shares of Charles Schwab from $90.00 to $93.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 22nd. UBS Group lifted their price target on Charles Schwab from $95.00 to $96.00 and gave the company a “buy” rating in a report on Tuesday, April 22nd. Morgan Stanley increased their price objective on Charles Schwab from $76.00 to $83.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 13th. Truist Financial lifted their target price on Charles Schwab from $97.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, June 16th. Finally, Cowen reissued a “buy” rating on shares of Charles Schwab in a research report on Tuesday, May 20th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, Charles Schwab presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.40.

Charles Schwab Company Profile

The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services.