Insider Selling: The Charles Schwab Co. (NYSE:SCHW) Chairman Sells 89,275 Shares of Stock

The Charles Schwab Co. (NYSE:SCHW) Chairman Charles R. Schwab sold 89,275 shares of Charles Schwab stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $74.62, for a total value of $6,661,700.50. Following the completion of the transaction, the chairman now owns 30,641,981 shares of the company’s stock, valued at approximately $2,286,504,622.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Charles Schwab Price Performance

SCHW stock opened at $75.20 on Thursday. 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 business has a 50 day simple moving average of $69.27 and a 200-day simple moving average of $63.60. The firm has a market capitalization of $133.56 billion, a PE ratio of 31.46, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The Charles Schwab Co. has a 1 year low of $45.65 and a 1 year high of $75.55.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.33%. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

Institutional Investors Weigh In On Charles Schwab

A number of large investors have recently made changes to their positions in SCHW. Capital Investment Advisors LLC lifted its holdings in Charles Schwab by 5.1% in the third quarter. Capital Investment Advisors LLC now owns 5,239 shares of the financial services provider’s stock valued at $288,000 after acquiring an additional 256 shares during the last quarter. Cedar Brook Financial Partners LLC lifted its holdings in Charles Schwab by 10.8% in the third quarter. Cedar Brook Financial Partners LLC now owns 4,128 shares of the financial services provider’s stock valued at $227,000 after acquiring an additional 403 shares during the last quarter. GHP Investment Advisors Inc. lifted its holdings in Charles Schwab by 0.6% in the third quarter. GHP Investment Advisors Inc. now owns 61,627 shares of the financial services provider’s stock valued at $3,163,000 after acquiring an additional 350 shares during the last quarter. Meridian Wealth Management LLC lifted its holdings in Charles Schwab by 109.3% in the third quarter. Meridian Wealth Management LLC now owns 13,470 shares of the financial services provider’s stock valued at $739,000 after acquiring an additional 7,034 shares during the last quarter. Finally, Riverview Trust Co lifted its holdings in Charles Schwab by 173.1% in the third quarter. Riverview Trust Co now owns 1,931 shares of the financial services provider’s stock valued at $106,000 after acquiring an additional 1,224 shares during the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SCHW shares. Bank of America lifted their price target on Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a research note on Tuesday, April 16th. Keefe, Bruyette & Woods boosted their price objective on Charles Schwab from $75.00 to $76.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. boosted their price objective on Charles Schwab from $86.00 to $89.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. Citigroup boosted their price objective on Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Finally, Raymond James cut their price objective on Charles Schwab from $78.00 to $75.00 and set an “outperform” rating for the company in a research note on Thursday, January 18th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Charles Schwab currently has a consensus rating of “Hold” and an average target price of $74.47.

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.