The Charles Schwab Co. (NYSE:SCHW) Chairman Sells $5,026,356.00 in Stock

The Charles Schwab Co. (NYSE:SCHW) Chairman Charles R. Schwab sold 65,790 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $76.40, for a total transaction of $5,026,356.00. Following the sale, the chairman now directly owns 60,906,686 shares in the company, valued at approximately $4,653,270,810.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Charles Schwab Trading Down 0.9 %

Shares of NYSE:SCHW opened at $75.44 on Friday. The firm has a market capitalization of $133.99 billion, a price-to-earnings ratio of 31.56, a price-to-earnings-growth ratio of 1.11 and a beta of 0.98. The business’s 50 day moving average price is $71.42 and its 200-day moving average price is $65.23. 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 1 year low of $46.55 and a 1 year 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 (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.01. Charles Schwab had a net margin of 26.14% and a return on equity of 19.86%. The business had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.71 billion. On average, equities research analysts forecast that The Charles Schwab Co. will post 3.42 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

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 given 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 presently 41.84%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. JMP Securities reissued a “market outperform” rating and issued a $80.00 target price on shares of Charles Schwab in a research report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft raised their price objective on Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. TD Cowen increased their price target on shares of Charles Schwab from $87.00 to $92.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Barclays raised their price target on shares of Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 16th. Finally, Raymond James cut their price objective 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. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $74.47.

Institutional Trading of Charles Schwab

Several large investors have recently made changes to their positions in SCHW. Gratus Wealth Advisors LLC acquired a new stake in Charles Schwab during the 1st quarter worth $201,000. ProVise Management Group LLC boosted its position in Charles Schwab by 11.7% during the first quarter. ProVise Management Group LLC now owns 152,227 shares of the financial services provider’s stock worth $11,012,000 after acquiring an additional 15,942 shares during the last quarter. Orion Portfolio Solutions LLC grew its stake in Charles Schwab by 8.3% during the 1st quarter. Orion Portfolio Solutions LLC now owns 134,897 shares of the financial services provider’s stock valued at $9,758,000 after acquiring an additional 10,393 shares in the last quarter. Lord Abbett & CO. LLC raised its holdings in Charles Schwab by 3.0% in the 1st quarter. Lord Abbett & CO. LLC now owns 4,062,060 shares of the financial services provider’s stock valued at $293,849,000 after acquiring an additional 116,602 shares during the last quarter. Finally, Kingsview Wealth Management LLC boosted its holdings in shares of Charles Schwab by 26.3% during the 1st quarter. Kingsview Wealth Management LLC now owns 6,245 shares of the financial services provider’s stock worth $452,000 after purchasing an additional 1,302 shares during the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

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.