Charles R. Schwab Sells 74,450 Shares of Charles Schwab Corp (SCHW) Stock

Charles Schwab Corp (NYSE:SCHW) Chairman Charles R. Schwab sold 74,450 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $52.17, for a total value of $3,884,056.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Charles Schwab Corp (NYSE SCHW) traded down $0.06 during trading hours on Thursday, hitting $52.34. The company’s stock had a trading volume of 3,210,050 shares, compared to its average volume of 7,782,779. The stock has a market capitalization of $68,570.47, a P/E ratio of 32.53, a P/E/G ratio of 1.27 and a beta of 1.63. Charles Schwab Corp has a 12-month low of $37.16 and a 12-month high of $56.25. The company has a current ratio of 0.31, a quick ratio of 0.30 and a debt-to-equity ratio of 0.21.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Wednesday, January 17th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. The firm had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.24 billion. Charles Schwab had a return on equity of 16.31% and a net margin of 27.32%. The business’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.36 earnings per share. equities analysts forecast that Charles Schwab Corp will post 2.37 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 9th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $0.40 annualized dividend and a dividend yield of 0.76%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.08. Charles Schwab’s dividend payout ratio is presently 24.84%.

SCHW has been the topic of several research analyst reports. Argus upped their price objective on Charles Schwab from $59.00 to $69.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Credit Suisse Group initiated coverage on Charles Schwab in a research note on Thursday, November 30th. They issued an “outperform” rating and a $55.00 price objective on the stock. Deutsche Bank upped their price objective on Charles Schwab from $46.00 to $47.00 and gave the company a “hold” rating in a research note on Wednesday, October 25th. Zacks Investment Research upgraded Charles Schwab from a “hold” rating to a “strong-buy” rating and set a $60.00 price objective on the stock in a research note on Friday, January 5th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $63.00 price objective (up previously from $56.00) on shares of Charles Schwab in a research note on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $53.88.

Institutional investors have recently added to or reduced their stakes in the company. Bogart Wealth LLC increased its holdings in shares of Charles Schwab by 1,100.0% in the fourth quarter. Bogart Wealth LLC now owns 2,040 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 1,870 shares during the period. Pinnacle Wealth Planning Services Inc. bought a new position in shares of Charles Schwab in the fourth quarter worth $118,000. Acadian Asset Management LLC bought a new position in shares of Charles Schwab in the fourth quarter worth $187,000. Zions Bancorporation increased its holdings in shares of Charles Schwab by 1,545.3% in the third quarter. Zions Bancorporation now owns 3,817 shares of the financial services provider’s stock worth $167,000 after purchasing an additional 3,585 shares during the period. Finally, Fiduciary Trust Co. bought a new position in shares of Charles Schwab in the fourth quarter worth $208,000. 79.47% of the stock is currently owned by hedge funds and other institutional investors.

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Charles Schwab Company Profile

The Charles Schwab Corporation (CSC) is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services.

Insider Buying and Selling by Quarter for Charles Schwab (NYSE:SCHW)

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