Insider Selling: The Charles Schwab Co. (NYSE:SCHW) COO Sells 43,000 Shares of Stock

The Charles Schwab Co. (NYSE:SCHW) COO Joseph R. Martinetto sold 43,000 shares of Charles Schwab stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $70.83, for a total value of $3,045,690.00. Following the completion of the transaction, the chief operating officer now owns 41,414 shares in the company, valued at approximately $2,933,353.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Charles Schwab Stock Performance

Shares of SCHW stock opened at $73.42 on Friday. The stock has a market capitalization of $130.40 billion, a PE ratio of 30.72, a PEG ratio of 1.06 and a beta of 1.01. The business’s 50 day simple moving average is $68.58 and its 200 day simple moving average is $63.02. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43. The Charles Schwab Co. has a one year low of $45.65 and a one year high of $73.88.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. Charles Schwab had a net margin of 26.14% and a return on equity of 19.86%. The company had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.49 billion. During the same period in the prior year, the firm posted $1.07 EPS. The company’s quarterly revenue was down 18.9% on a year-over-year basis. As a group, research analysts forecast that The Charles Schwab Co. will post 3.43 earnings per share for the current year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.36%. Charles Schwab’s dividend payout ratio (DPR) is currently 41.84%.

Institutional Trading of Charles Schwab

A number of large investors have recently bought and sold shares of the business. Maryland State Retirement & Pension System boosted its position in shares of Charles Schwab by 0.9% during the 1st quarter. Maryland State Retirement & Pension System now owns 116,372 shares of the financial services provider’s stock valued at $8,425,000 after purchasing an additional 986 shares in the last quarter. Mezzasalma Advisors LLC boosted its holdings in shares of Charles Schwab by 10.1% during the 1st quarter. Mezzasalma Advisors LLC now owns 74,974 shares of the financial services provider’s stock worth $5,424,000 after buying an additional 6,865 shares in the last quarter. Veracity Capital LLC boosted its holdings in shares of Charles Schwab by 58.4% during the 1st quarter. Veracity Capital LLC now owns 9,452 shares of the financial services provider’s stock worth $684,000 after buying an additional 3,484 shares in the last quarter. Marshall Financial Group LLC grew its position in shares of Charles Schwab by 15.3% during the 1st quarter. Marshall Financial Group LLC now owns 3,772 shares of the financial services provider’s stock worth $273,000 after buying an additional 500 shares during the period. Finally, Tran Capital Management L.P. increased its stake in shares of Charles Schwab by 128.6% in the 1st quarter. Tran Capital Management L.P. now owns 433,211 shares of the financial services provider’s stock valued at $31,338,000 after acquiring an additional 243,695 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Bank of America lifted their price target on shares of Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a report on Tuesday. Raymond James decreased their target price on shares of Charles Schwab from $78.00 to $75.00 and set an “outperform” rating on the stock in a research note on Thursday, January 18th. Barclays increased their price target on Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a research note on Tuesday. TD Cowen boosted their price objective on Charles Schwab from $87.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $74.47.

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.