Insider Buying Alerts: Charles Schwab’s President Invests in SCHW Stock
In this edition, we highlight companies exhibiting notable insider buying activity as reported by Dividend Channel’s ”DividendRank”. Company leaders often have a close-knit understanding of their business, and their decision to purchase stock can indicate their confidence in its future. For this reason, investments by insiders are worth monitoring. The Charles Schwab Corporation (Symbol: SCHW) is a prime example, seeing significant buying from President Richard A. Wurster.
On July 17, Wurster acquired 10,000 shares of SCHW for a total of $620,454.00, translating to a price of $62.05 per share. As of Thursday’s trading, shares reached as high as $71.32, reflecting a 14.9% increase from Wurster’s acquisition cost. Additionally, since his purchase, Wurster has received $0.25 in dividends per share, bringing his total return to 15.4%. Currently, Charles Schwab shares are up 0.83% for the day. The chart below illustrates the performance of SCHW over the past year compared to its 200-day moving average:
Examining the chart above, SCHW’s one-year price range has a low of $48.66 and a high of $79.49, with the last trade recorded at $72.41. The table below shows insider buying activity over the past six months:
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 07/17/2024 | Richard A. Wurster | President | 10,000 | $62.05 | $620,454.00 |
The DividendRank report indicates that SCHW stocks demonstrate favorable valuation and profitability metrics. The report highlights The Charles Schwab Corporation’s consistent quarterly dividend history and its strong long-term growth in essential financial indicators.
The report emphasizes, ”Dividend investors focused on value often seek out highly profitable companies trading at attractive valuations. Our proprietary DividendRank formula ranks the universe of stocks based on various profitability and valuation criteria to identify the most promising investment opportunities.”
The Charles Schwab Corporation pays an annualized dividend of $1 per share, distributed quarterly. The most recent ex-dividend date was November 8, 2024. Below is a long-term chart of SCHW’s dividend history, an essential aspect for potential investors as it provides insights into the sustainability of dividends.
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The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
