Insider Selling: The Charles Schwab Co. (NYSE:SCHW) Director Sells 9,000 Shares of Stock

The Charles Schwab Co. (NYSE:SCHW) Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $72.49, for a total transaction of $652,410.00. Following the completion of the sale, the director now owns 570,657 shares of the company’s stock, valued at $41,366,925.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Carolyn Schwab-Pomerantz also recently made the following trade(s):

• On Monday, May 20th, Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock. The stock was sold at an average price of $78.41, for a total value of $705,690.00.
• On Thursday, May 9th, Carolyn Schwab-Pomerantz sold 26,315 shares of Charles Schwab stock. The shares were sold at an average price of $76.13, for a total value of $2,003,360.95.
• On Monday, May 6th, Carolyn Schwab-Pomerantz sold 13,113 shares of Charles Schwab stock. The stock was sold at an average price of $76.38, for a total value of $1,001,570.94.
• On Thursday, April 18th, Carolyn Schwab-Pomerantz sold 7,482 shares of Charles Schwab stock. The shares were sold at an average price of $73.47, for a total transaction of $549,702.54.

Charles Schwab Stock Down 0.8 %

NYSE SCHW opened at $73.91 on Wednesday. The Charles Schwab Co. has a 1-year low of $48.66 and a 1-year high of $79.49. The company has a market capitalization of $131.36 billion, a price-to-earnings ratio of 30.92, a PEG ratio of 1.13 and a beta of 0.96. The stock’s 50 day moving average is $74.39 and its two-hundred day moving average is $69.66. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.69.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.73 by $0.01. Charles Schwab had a return on equity of 19.25% and a net margin of 26.14%. The business had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.71 billion. Equities analysts forecast that The Charles Schwab Co. will post 3.25 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend was Thursday, May 9th. Charles Schwab’s dividend payout ratio (DPR) is currently 41.84%.

Hedge Funds Weigh In On Charles Schwab

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Investment Research & Advisory Group Inc. increased its holdings in Charles Schwab by 1.0% during the 4th quarter. Investment Research & Advisory Group Inc. now owns 58,979 shares of the financial services provider’s stock valued at $4,058,000 after purchasing an additional 607 shares in the last quarter. Morningstar Investment Services LLC lifted its position in Charles Schwab by 98.0% during the 4th quarter. Morningstar Investment Services LLC now owns 4,691,362 shares of the financial services provider’s stock worth $326,284,000 after buying an additional 2,322,156 shares in the last quarter. Brown Advisory Inc. grew its holdings in Charles Schwab by 24.3% during the 4th quarter. Brown Advisory Inc. now owns 4,393,223 shares of the financial services provider’s stock worth $302,254,000 after acquiring an additional 857,734 shares during the last quarter. Bamco Inc. NY increased its position in Charles Schwab by 0.5% in the 3rd quarter. Bamco Inc. NY now owns 8,102,475 shares of the financial services provider’s stock valued at $444,826,000 after acquiring an additional 42,588 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Charles Schwab by 22.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 883,379 shares of the financial services provider’s stock worth $60,776,000 after acquiring an additional 160,719 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on SCHW. UBS Group lifted their target price on shares of Charles Schwab from $87.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. JMP Securities reissued a “market outperform” rating and set a $80.00 price objective on shares of Charles Schwab in a research report on Tuesday, May 28th. Morgan Stanley raised their target price on Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. TD Cowen cut their price target on Charles Schwab from $92.00 to $88.00 and set a “buy” rating for the company in a report on Thursday, May 23rd. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Charles Schwab from $86.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Charles Schwab has an average rating of “Hold” and a consensus target price of $74.65.

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.