The Charles Schwab Co. (NYSE:SCHW) Director Carolyn Schwab-Pomerantz Sells 7,482 Shares

The Charles Schwab Co. (NYSE:SCHW - Get Free Report) Director Carolyn Schwab-Pomerantz sold 7,482 shares of the firm's stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $73.47, for a total transaction of $549,702.54. Following the completion of the sale, the director now directly owns 1,719,399 shares of the company's stock, valued at approximately $126,324,244.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, March 21st, Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock. The shares were sold at an average price of $70.87, for a total transaction of $637,830.00.
• On Wednesday, February 28th, Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock. The shares were sold at an average price of $65.29, for a total transaction of $587,610.00.

Charles Schwab Trading Up 1.1 %

Shares of NYSE SCHW traded up $0.83 during midday trading on Monday, reaching $74.26. 8,846,175 shares of the stock were exchanged, compared to its average volume of 7,779,816. The business has a 50-day simple moving average of $68.77 and a two-hundred day simple moving average of $63.35. The company has a market capitalization of $131.88 billion, a price-to-earnings ratio of 31.07, a P/E/G ratio of 1.07 and a beta of 1.01. The Charles Schwab Co. has a 12 month low of $45.65 and a 12 month high of $74.98. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.35%. Charles Schwab's dividend payout ratio is 41.84%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Bank of America raised their price target on shares of Charles Schwab from $68.00 to $70.00 and gave the company an "underperform" rating in a report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Charles Schwab from $75.00 to $77.00 and gave the company a "buy" rating in a report on Tuesday, March 19th. Piper Sandler raised their price objective on shares of Charles Schwab from $75.00 to $78.00 and gave the company an "overweight" rating in a research note on Friday, April 12th. Raymond James reduced 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. Finally, Citigroup raised their price objective on shares of Charles Schwab from $70.00 to $75.00 and gave the company a "neutral" rating in a research note 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 company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $74.47.

Hedge Funds Weigh In On Charles Schwab

Hedge funds and other institutional investors have recently made changes to their positions in the company. Chaney Capital Management Inc. lifted its position in Charles Schwab by 7.7% in the 1st quarter. Chaney Capital Management Inc. now owns 20,923 shares of the financial services provider's stock valued at $1,514,000 after acquiring an additional 1,500 shares in the last quarter. Greystone Financial Group LLC lifted its position in Charles Schwab by 17.3% in the 1st quarter. Greystone Financial Group LLC now owns 6,875 shares of the financial services provider's stock valued at $497,000 after acquiring an additional 1,013 shares in the last quarter. HF Advisory Group LLC lifted its position in Charles Schwab by 21.0% in the 1st quarter. HF Advisory Group LLC now owns 37,290 shares of the financial services provider's stock valued at $2,698,000 after acquiring an additional 6,474 shares in the last quarter. PFG Investments LLC lifted its position in Charles Schwab by 280.3% in the 1st quarter. PFG Investments LLC now owns 21,425 shares of the financial services provider's stock valued at $1,550,000 after acquiring an additional 15,792 shares in the last quarter. Finally, Parsons Capital Management Inc. RI bought a new stake in Charles Schwab in the 1st quarter valued at $1,229,000. 84.38% of the stock is owned by 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.

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