Charles Schwab Target of Unusually High Options Trading (NYSE:SCHW)

The Charles Schwab Co. (NYSE:SCHW) was the target of some unusual options trading on Tuesday. Investors bought 45,419 call options on the stock. This represents an increase of 71% compared to the average volume of 26,625 call options.

Analyst Ratings Changes

A number of equities analysts recently issued reports on SCHW shares. Morgan Stanley increased their target price on Charles Schwab from $74.00 to $84.00 and gave the stock an “equal weight” rating in a report on Friday, January 17th. Piper Sandler raised their price objective on shares of Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. raised their price target on shares of Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. Jefferies Financial Group raised their price target on shares of Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, Bank of America dropped their target price on Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Charles Schwab has an average rating of “Hold” and a consensus target price of $83.83.

Insider Activity at Charles Schwab

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $77.02, for a total value of $192,550.00. Following the transaction, the insider now directly owns 18,069 shares of the company’s stock, valued at approximately $1,391,674.38. The trade was a 12.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nigel J. Murtagh sold 12,739 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $81.17, for a total transaction of $1,034,024.63. Following the transaction, the insider now directly owns 59,092 shares in the company, valued at approximately $4,796,497.64. This represents a 17.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,823 shares of company stock worth $2,171,194 over the last ninety days. Insiders own 6.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new position in shares of Charles Schwab during the third quarter valued at about $25,000. Washington Trust Advisors Inc. grew its stake in shares of Charles Schwab by 62.6% during the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after buying an additional 149 shares during the last quarter. Prospera Private Wealth LLC bought a new position in shares of Charles Schwab during the third quarter valued at about $31,000. Future Financial Wealth Managment LLC bought a new position in shares of Charles Schwab during the third quarter valued at about $32,000. Finally, Planning Capital Management Corp bought a new position in shares of Charles Schwab during the third quarter valued at about $33,000. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Down 0.6 %

SCHW opened at $80.44 on Thursday. The company has a fifty day moving average price of $77.71 and a 200-day moving average price of $70.68. The firm has a market capitalization of $143.15 billion, a P/E ratio of 31.42, a price-to-earnings-growth ratio of 1.40 and a beta of 0.99. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. Charles Schwab has a one year low of $61.01 and a one year high of $83.35.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. The business had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5,190,822.51 billion. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The firm’s revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.68 earnings per share. Equities research analysts expect that Charles Schwab will post 3.16 earnings per share for the current fiscal year.

About Charles Schwab

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.