Insider Selling: The Charles Schwab Co. (NYSE:SCHW) Chairman Sells 66,225 Shares of Stock

The Charles Schwab Co. (NYSE:SCHW) Chairman Charles R. Schwab sold 66,225 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $75.51, for a total transaction of $5,000,649.75. Following the completion of the transaction, the chairman now directly owns 60,972,476 shares in the company, valued at approximately $4,604,031,662.76. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Charles Schwab Stock Performance

Shares of SCHW stock opened at $75.44 on Friday. 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 stock has a fifty day moving average of $71.42 and a 200 day moving average of $65.23. The firm has a market capitalization of $133.99 billion, a price-to-earnings ratio of 31.56, a PEG ratio of 1.11 and a beta of 0.98. The Charles Schwab Co. has a 52 week low of $46.55 and a 52 week high of $77.05.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. Charles Schwab had a net margin of 26.14% and a return on equity of 19.86%. The firm had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.71 billion. As a group, research analysts expect that The Charles Schwab Co. will post 3.42 earnings per share for the current year.

Charles Schwab Dividend Announcement

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

Institutional Investors Weigh In On Charles Schwab

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tributary Capital Management LLC bought a new stake in shares of Charles Schwab during the 1st quarter valued at $31,000. Sugarloaf Wealth Management LLC lifted its position in Charles Schwab by 60.0% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 165 shares during the period. Frazier Financial Advisors LLC bought a new stake in Charles Schwab during the fourth quarter worth about $30,000. Wetzel Investment Advisors Inc. bought a new position in shares of Charles Schwab during the fourth quarter valued at approximately $31,000. Finally, Hall Laurie J Trustee purchased a new position in shares of Charles Schwab during the fourth quarter valued at approximately $34,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SCHW has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their target price on Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft raised their price objective on Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Bank of America increased their price target on shares of Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a research report on Tuesday, April 16th. TD Cowen upped their price objective on shares of Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Citigroup lifted their target price on shares of Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. 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 stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target 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.