SCHW Trading 6.4% Below Director's Recent Buy Price

By Dividend Channel Staff, Friday, July 31, 5:05 PM ET

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on July 22, The Charles Schwab Corporation's Director, Charles A. Ruffel, invested $99,633.14 into 2,854 shares of SCHW, for a cost per share of $34.91. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

In trading on Friday, bargain hunters could buy shares of The Charles Schwab Corporation (NYSE:SCHW) and achieve a cost basis 6.4% cheaper than Ruffel, with shares changing hands as low as $32.66 per share. The Charles Schwab Corporation shares are currently trading down about 1.6% on the day. The chart below shows the one year performance of SCHW shares, versus its 200 day moving average:

The Charles Schwab Corporation Chart

Looking at the chart above, SCHW's low point in its 52 week range is $28 per share, with $51.645 as the 52 week high point — that compares with a last trade of $33.04. By comparison, below is a table showing the prices at which SCHW insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
04/17/2020 Mark A. Goldfarb Director 5,530 $36.17 $200,047.75
04/27/2020 Charles A. Ruffel Director 2,460 $36.73 $90,368.10
07/22/2020 Charles A. Ruffel Director 2,854 $34.91 $99,633.14

The current annualized dividend paid by The Charles Schwab Corporation is $0.72/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 08/06/2020. Below is a long-term dividend history chart for SCHW, which can be of good help in judging whether the most recent dividend with approx. 2.1% annualized yield is likely to continue.

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