Insider Selling: The Charles Schwab Co. (NYSE:SCHW) CFO Sells 5,481 Shares of Stock

The Charles Schwab Co. (NYSE:SCHW - Get Free Report) CFO Peter B. Crawford sold 5,481 shares of Charles Schwab stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $75.51, for a total value of $413,870.31. Following the completion of the transaction, the chief financial officer now directly owns 60,567 shares in the company, valued at $4,573,414.17. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Charles Schwab Stock Up 0.1 %

NYSE SCHW traded up $0.10 during trading hours on Friday, reaching $74.99. 5,523,207 shares of the company's stock traded hands, compared to its average volume of 7,731,735. The Charles Schwab Co. has a 52-week low of $45.65 and a 52-week high of $75.55. 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 firm has a 50-day simple moving average of $69.47 and a 200 day simple moving average of $63.68. The firm has a market cap of $133.19 billion, a PE ratio of 31.38, a PEG ratio of 1.10 and a beta of 1.01.

Charles Schwab Announces Dividend

The business also recently declared 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 of this dividend is Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.33%. Charles Schwab's dividend payout ratio is currently 41.84%.

Wall Street Analyst Weigh In

SCHW has been the topic of several recent analyst reports. Citigroup raised their target price on shares of Charles Schwab from $70.00 to $75.00 and gave the stock a "neutral" rating in a report on Thursday, April 11th. Raymond James lowered their price objective on shares of Charles Schwab from $78.00 to $75.00 and set an "outperform" rating for the company in a research note on Thursday, January 18th. TD Cowen raised their target price on Charles Schwab from $87.00 to $92.00 and gave the stock a "buy" rating in a research note on Tuesday, April 16th. Barclays upped their price target on Charles Schwab from $74.00 to $75.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. lifted their price objective on Charles Schwab from $86.00 to $89.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $74.47.

Institutional Trading of Charles Schwab

Several hedge funds and other institutional investors have recently made changes to their positions in SCHW. Yousif Capital Management LLC boosted its holdings in Charles Schwab by 1.3% in the first quarter. Yousif Capital Management LLC now owns 201,942 shares of the financial services provider's stock worth $14,608,000 after acquiring an additional 2,640 shares in the last quarter. ZWJ Investment Counsel Inc. purchased a new position in Charles Schwab in the first quarter worth about $508,000. Sage Rhino Capital LLC lifted its stake in shares of Charles Schwab by 8.3% in the first quarter. Sage Rhino Capital LLC now owns 13,091 shares of the financial services provider's stock worth $947,000 after buying an additional 1,006 shares in the last quarter. Clear Creek Financial Management LLC bought a new stake in shares of Charles Schwab during the first quarter valued at approximately $243,000. Finally, SYSTM Wealth Solutions LLC raised its holdings in Charles Schwab by 8.7% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 107,474 shares of the financial services provider's stock worth $7,775,000 after acquiring an additional 8,615 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company's stock.

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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