Paul V. Woolway Sells 3,290 Shares of The Charles Schwab Corporation (NYSE:SCHW) Stock

The Charles Schwab Corporation (NYSE:SCHW - Get Free Report) insider Paul V. Woolway sold 3,290 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $90.95, for a total transaction of $299,225.50. Following the completion of the transaction, the insider owned 35,864 shares of the company's stock, valued at approximately $3,261,830.80. The trade was a 8.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Charles Schwab Stock Performance

Shares of NYSE:SCHW traded up $0.10 during trading on Wednesday, hitting $91.27. The stock had a trading volume of 6,121,623 shares, compared to its average volume of 9,533,666. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.53. The Charles Schwab Corporation has a 12-month low of $61.01 and a 12-month high of $91.80. The stock has a market capitalization of $165.83 billion, a price-to-earnings ratio of 27.66, a price-to-earnings-growth ratio of 0.97 and a beta of 0.93. The stock has a 50-day simple moving average of $86.71 and a two-hundred day simple moving average of $80.51.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.03. The company had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.46 billion. Charles Schwab had a net margin of 31.71% and a return on equity of 18.31%. During the same period last year, the firm posted $0.74 EPS. On average, equities research analysts expect that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.18%. Charles Schwab's dividend payout ratio is presently 32.73%.

Analyst Ratings Changes

Several research firms have recently commented on SCHW. Wells Fargo & Company lowered their target price on shares of Charles Schwab from $93.00 to $87.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Redburn Atlantic upgraded shares of Charles Schwab from a "sell" rating to a "neutral" rating and lifted their price target for the company from $65.00 to $82.00 in a report on Monday, June 9th. Keefe, Bruyette & Woods increased their price objective on shares of Charles Schwab from $90.00 to $93.00 and gave the company an "outperform" rating in a report on Tuesday, April 22nd. The Goldman Sachs Group upgraded Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 price objective for the company in a research report on Friday, April 25th. Finally, TD Securities lifted their target price on Charles Schwab from $95.00 to $113.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.40.

Institutional Trading of Charles Schwab

A number of hedge funds have recently modified their holdings of the stock. Michael S. Ryan Inc. grew its position in shares of Charles Schwab by 7.3% during the 2nd quarter. Michael S. Ryan Inc. now owns 6,437 shares of the financial services provider's stock valued at $587,000 after acquiring an additional 439 shares during the period. Central Pacific Bank Trust Division boosted its position in Charles Schwab by 15.4% during the second quarter. Central Pacific Bank Trust Division now owns 81,917 shares of the financial services provider's stock worth $7,474,000 after purchasing an additional 10,915 shares in the last quarter. Kera Capital Partners Inc. purchased a new position in Charles Schwab during the second quarter worth approximately $217,000. Cullen Investment Group LTD. grew its holdings in Charles Schwab by 4.1% in the second quarter. Cullen Investment Group LTD. now owns 24,622 shares of the financial services provider's stock valued at $2,247,000 after purchasing an additional 979 shares during the period. Finally, AG2R LA Mondiale Gestion D Actifs purchased a new stake in shares of Charles Schwab in the first quarter valued at approximately $4,992,000. 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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