Charles Schwab (NYSE:SCHW) Shares Down 0.3% After Insider Selling

The Charles Schwab Co. (NYSE:SCHW)’s share price fell 0.3% during mid-day trading on Friday following insider selling activity. The stock traded as low as $74.52 and last traded at $74.68. 1,552,065 shares were traded during trading, a decline of 80% from the average session volume of 7,679,373 shares. The stock had previously closed at $74.89.

Specifically, CFO Peter B. Crawford sold 5,481 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $75.51, for a total transaction of $413,870.31. Following the transaction, the chief financial officer now directly owns 60,567 shares in the company, valued at $4,573,414.17. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Charles Schwab news, CFO Peter B. Crawford sold 5,481 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $75.51, for a total transaction of $413,870.31. Following the transaction, the chief financial officer now directly owns 60,567 shares in the company, valued at $4,573,414.17. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Peter B. Crawford sold 8,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $64.76, for a total value of $518,080.00. Following the transaction, the chief financial officer now owns 29,611 shares in the company, valued at $1,917,608.36. The disclosure for this sale can be found here. Insiders have sold a total of 394,648 shares of company stock worth $27,400,905 over the last three months. Corporate insiders own 6.60% of the company’s stock.

Analysts Set New Price Targets

SCHW has been the topic of several research analyst reports. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Citigroup raised their price target on Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft raised their price target on Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $71.00 price target (up from $70.00) on shares of Charles Schwab in a research report on Wednesday, January 3rd. Finally, JPMorgan Chase & Co. lifted their target price on Charles Schwab from $86.00 to $89.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. Two 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, the stock has a consensus rating of “Hold” and a consensus price target of $74.47.

Charles Schwab Stock Up 0.1 %

The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82. The business has a fifty day simple moving average of $69.68 and a two-hundred day simple moving average of $63.92. The company has a market capitalization of $133.19 billion, a price-to-earnings ratio of 31.38, a P/E/G ratio of 1.10 and a beta of 1.01.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Thursday, May 9th. Charles Schwab’s payout ratio is 41.84%.

Institutional Investors Weigh In On Charles Schwab

A number of institutional investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD boosted its holdings in Charles Schwab by 33.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 69,360,233 shares of the financial services provider’s stock valued at $4,771,985,000 after purchasing an additional 17,369,091 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Charles Schwab by 4.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 30,994,967 shares of the financial services provider’s stock valued at $2,132,454,000 after acquiring an additional 1,219,015 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of Charles Schwab by 1.6% in the fourth quarter. Fisher Asset Management LLC now owns 18,627,667 shares of the financial services provider’s stock valued at $1,281,584,000 after acquiring an additional 296,317 shares during the last quarter. Invesco Ltd. raised its stake in shares of Charles Schwab by 3.3% in the third quarter. Invesco Ltd. now owns 15,560,924 shares of the financial services provider’s stock valued at $854,295,000 after acquiring an additional 502,304 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Charles Schwab by 2.3% in the third quarter. Northern Trust Corp now owns 15,550,474 shares of the financial services provider’s stock valued at $853,721,000 after acquiring an additional 356,112 shares during the last quarter. 84.38% of the stock is owned by institutional investors and hedge funds.

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.