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. Stock traders acquired 45,419 call options on the stock. This represents an increase of approximately 71% compared to the average volume of 26,625 call options.

Charles Schwab Stock Down 0.6 %

Charles Schwab stock opened at $80.44 on Thursday. The stock has a market cap of $143.15 billion, a P/E ratio of 31.42, a P/E/G ratio of 1.40 and a beta of 0.99. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. Charles Schwab has a twelve month low of $61.01 and a twelve month high of $83.35. The company’s 50-day moving average price is $77.71 and its two-hundred day moving average price is $70.68.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. The company had revenue of $5.33 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.68 earnings per share. As a group, analysts expect that Charles Schwab will post 3.16 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on SCHW shares. Wells Fargo & Company raised shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $89.00 to $93.00 in a research report on Wednesday. Truist Financial reiterated a “buy” rating and set a $90.00 target price (up previously from $86.00) on shares of Charles Schwab in a report on Wednesday. Raymond James dropped their target price on Charles Schwab from $76.00 to $73.00 in a report on Tuesday, October 15th. Keefe, Bruyette & Woods upped their price objective on Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. Finally, Barclays raised their target price on shares of Charles Schwab from $95.00 to $96.00 and gave the company an “overweight” rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Charles Schwab currently has an average rating of “Hold” and an average price target of $83.83.

Insider Activity

In other news, insider Jonathan S. Beatty sold 2,500 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $77.02, for a total value of $192,550.00. Following the sale, the insider now directly owns 18,069 shares in the company, valued at $1,391,674.38. The trade was a 12.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Christopher V. Dodds sold 9,284 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $81.43, for a total value of $755,996.12. Following the completion of the sale, the director now owns 442,807 shares in the company, valued at approximately $36,057,774.01. This trade represents a 2.05 % 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 in the last 90 days. Corporate insiders own 6.60% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Stablepoint Partners LLC increased its stake in Charles Schwab by 1.1% during the 4th quarter. Stablepoint Partners LLC now owns 12,486 shares of the financial services provider’s stock worth $924,000 after acquiring an additional 141 shares during the period. Alliance Wealth Advisors LLC increased its position in shares of Charles Schwab by 2.7% in the third quarter. Alliance Wealth Advisors LLC now owns 5,358 shares of the financial services provider’s stock worth $347,000 after purchasing an additional 142 shares during the period. Michael S. Ryan Inc. increased its position in shares of Charles Schwab by 2.5% in the fourth quarter. Michael S. Ryan Inc. now owns 5,998 shares of the financial services provider’s stock worth $444,000 after purchasing an additional 144 shares during the period. GS Investments Inc. increased its holdings in Charles Schwab by 0.3% in the 3rd quarter. GS Investments Inc. now owns 57,434 shares of the financial services provider’s stock valued at $3,722,000 after buying an additional 146 shares during the period. Finally, Relyea Zuckerberg Hanson LLC increased its holdings in Charles Schwab by 2.8% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 5,413 shares of the financial services provider’s stock valued at $401,000 after buying an additional 148 shares during the period. Institutional investors own 84.38% of the company’s stock.

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.