The Charles Schwab Co. (NYSE:SCHW) Chairman Sells $4,490,478.80 in Stock

The Charles Schwab Co. (NYSE:SCHW) Chairman Charles R. Schwab sold 59,905 shares of Charles Schwab stock in a transaction on Friday, April 26th. The stock was sold at an average price of $74.96, for a total value of $4,490,478.80. Following the transaction, the chairman now owns 61,098,607 shares in the company, valued at approximately $4,579,951,580.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Charles Schwab Trading Up 1.0 %

NYSE SCHW opened at $75.33 on Friday. The Charles Schwab Co. has a one year low of $45.65 and a one year high of $75.55. The firm has a 50 day simple moving average of $70.52 and a 200-day simple moving average of $64.48. The firm has a market cap of $133.79 billion, a price-to-earnings ratio of 31.52, a PEG ratio of 1.08 and a beta of 0.98. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be paid a $0.25 dividend. The ex-dividend date is Thursday, May 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.33%. Charles Schwab’s dividend payout ratio (DPR) is 41.84%.

Institutional Trading of Charles Schwab

A number of large investors have recently modified their holdings of the stock. Central Pacific Bank Trust Division purchased a new stake in Charles Schwab during the 1st quarter worth about $6,532,000. Meridian Management Co. grew its position in shares of Charles Schwab by 2.3% during the first quarter. Meridian Management Co. now owns 44,238 shares of the financial services provider’s stock worth $3,200,000 after buying an additional 988 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Charles Schwab by 6.2% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 20,866 shares of the financial services provider’s stock worth $1,509,000 after buying an additional 1,217 shares during the period. Salomon & Ludwin LLC raised its holdings in Charles Schwab by 49.3% in the first quarter. Salomon & Ludwin LLC now owns 778 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 257 shares in the last quarter. Finally, Blume Capital Management Inc. lifted its stake in Charles Schwab by 0.4% in the first quarter. Blume Capital Management Inc. now owns 188,745 shares of the financial services provider’s stock worth $13,654,000 after acquiring an additional 825 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on SCHW shares. JPMorgan Chase & Co. boosted their target price on shares of Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. Keefe, Bruyette & Woods increased their price objective on Charles Schwab from $75.00 to $76.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 16th. JMP Securities reaffirmed a “market outperform” rating and issued a $80.00 price target on shares of Charles Schwab in a research note on Tuesday, April 16th. Citigroup raised their price objective on Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Finally, TD Cowen upped their target price on shares of Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price 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.