Insider Selling: The Charles Schwab Co. (NYSE:SCHW) Director Sells 26,315 Shares of Stock

The Charles Schwab Co. (NYSE:SCHW - Get Free Report) Director Carolyn Schwab-Pomerantz sold 26,315 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $76.13, for a total value of $2,003,360.95. Following the completion of the transaction, the director now directly owns 1,674,571 shares in the company, valued at $127,485,090.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, May 6th, Carolyn Schwab-Pomerantz sold 13,113 shares of Charles Schwab stock. The shares were sold at an average price of $76.38, for a total transaction 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 value of $549,702.54.
• On Thursday, March 21st, Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock. The stock was sold at an average price of $70.87, for a total value 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 value of $587,610.00.

Charles Schwab Stock Down 1.9 %

Charles Schwab stock traded down $1.41 during midday trading on Monday, hitting $74.70. 5,486,648 shares of the stock were exchanged, compared to its average volume of 7,509,379. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.42 and a quick ratio of 0.42. The Charles Schwab Co. has a 1 year low of $48.66 and a 1 year high of $77.05. The company has a 50 day moving average price of $71.78 and a two-hundred day moving average price of $65.71. The firm has a market cap of $132.76 billion, a P/E ratio of 31.31, a P/E/G ratio of 1.12 and a beta of 0.98.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.73 by $0.01. The business had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.71 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. On average, sell-side analysts predict that The Charles Schwab Co. will post 3.4 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be issued a $0.25 dividend. The ex-dividend date is Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.34%. Charles Schwab's dividend payout ratio is currently 41.84%.

Institutional Trading of Charles Schwab

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Charles Schwab by 0.9% during the first quarter. Vanguard Group Inc. now owns 120,963,133 shares of the financial services provider's stock valued at $8,750,473,000 after buying an additional 1,042,823 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Charles Schwab by 33.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 69,360,233 shares of the financial services provider's stock worth $4,771,985,000 after purchasing an additional 17,369,091 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Charles Schwab by 4.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 30,994,967 shares of the financial services provider's stock worth $2,132,454,000 after buying an additional 1,219,015 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of Charles Schwab by 1.6% in the fourth quarter. Fisher Asset Management LLC now owns 18,627,667 shares of the financial services provider's stock worth $1,281,584,000 after acquiring an additional 296,317 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Charles Schwab by 3.3% in the third quarter. Invesco Ltd. now owns 15,560,924 shares of the financial services provider's stock valued at $854,295,000 after purchasing an additional 502,304 shares in the last quarter. Institutional investors own 84.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Barclays increased their target price on shares of Charles Schwab from $74.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 16th. Citigroup lifted their target price on Charles Schwab from $70.00 to $75.00 and gave the company a "neutral" rating in a research report on Thursday, April 11th. Bank of America upped their target price on shares of Charles Schwab from $68.00 to $70.00 and gave the stock an "underperform" rating in a research note on Tuesday, April 16th. StockNews.com raised shares of Charles Schwab from a "sell" rating to a "hold" rating in a research report on Friday, March 15th. Finally, Raymond James dropped their price objective on Charles Schwab from $78.00 to $75.00 and set an "outperform" rating on the stock in a report on Thursday, January 18th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Charles Schwab has a consensus rating of "Hold" and an average target price of $74.47.

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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