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 stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total transaction of $576,450.00. Following the completion of the transaction, the director now directly owns 554,929 shares in the company, valued at $35,543,202.45. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Thursday, August 15th, Carolyn Schwab-Pomerantz sold 12,320 shares of Charles Schwab stock. The stock was sold at an average price of $65.10, for a total value of $802,032.00.
• On Friday, July 19th, Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock. The stock was sold at an average price of $61.96, for a total transaction of $557,640.00.

Charles Schwab Trading Up 1.0 %

Shares of SCHW stock traded up $0.62 on Friday, hitting $65.38. The company had a trading volume of 12,329,512 shares, compared to its average volume of 8,109,705. The stock’s 50-day moving average is $64.48 and its two-hundred day moving average is $69.95. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.42 and a current ratio of 0.42. The firm has a market cap of $116.27 billion, a P/E ratio of 27.25, a P/E/G ratio of 1.19 and a beta of 0.97. The Charles Schwab Co. has a twelve month low of $48.66 and a twelve month high of $79.49.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. Charles Schwab had a net margin of 26.30% and a return on equity of 18.14%. The firm had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.68 billion. During the same quarter in the previous year, the company earned $0.75 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. On average, equities research analysts anticipate that The Charles Schwab Co. will post 3.05 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, August 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.53%. Charles Schwab’s payout ratio is currently 41.84%.

Analyst Upgrades and Downgrades

SCHW has been the subject of several analyst reports. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $80.00 price objective on shares of Charles Schwab in a report on Thursday, August 22nd. StockNews.com downgraded Charles Schwab from a “hold” rating to a “sell” rating in a report on Friday, May 24th. JPMorgan Chase & Co. dropped their price objective on Charles Schwab from $82.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft boosted their target price on Charles Schwab from $79.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, August 15th. Finally, Barclays reduced their price target on shares of Charles Schwab from $77.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 17th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $73.75.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Country Trust Bank bought a new stake in shares of Charles Schwab in the 2nd quarter valued at $26,000. Fortitude Family Office LLC grew its holdings in Charles Schwab by 97.5% in the second quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 192 shares during the period. American Capital Advisory LLC bought a new stake in Charles Schwab in the second quarter valued at $27,000. CGC Financial Services LLC acquired a new position in shares of Charles Schwab during the second quarter valued at about $29,000. Finally, Mizuho Securities Co. Ltd. bought a new position in shares of Charles Schwab during the 2nd quarter worth about $29,000. 84.38% of the stock is owned by institutional investors.

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.