Insider Selling: The Charles Schwab Co. (NYSE:SCHW) General Counsel Sells 10,176 Shares of Stock

The Charles Schwab Co. (NYSE:SCHW - Get Free Report) General Counsel Peter J. Morgan III sold 10,176 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $87.39, for a total transaction of $889,280.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Charles Schwab Price Performance

NYSE SCHW traded up $0.73 during trading hours on Tuesday, reaching $88.13. The company's stock had a trading volume of 364,886 shares, compared to its average volume of 9,356,692. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The stock has a market cap of $160.13 billion, a PE ratio of 29.43, a PEG ratio of 0.99 and a beta of 0.90. The company's 50-day moving average is $80.14 and its two-hundred day moving average is $79.11. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $89.85.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.03. The firm had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.46 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. During the same quarter in the previous year, the business earned $0.74 EPS. Analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.23%. The ex-dividend date was Friday, May 9th. Charles Schwab's dividend payout ratio is 32.73%.

Analysts Set New Price Targets

SCHW has been the topic of a number of recent research reports. TD Securities upped their target price on Charles Schwab from $95.00 to $113.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. UBS Group lifted their price objective on Charles Schwab from $95.00 to $96.00 and gave the company a "buy" rating in a report on Tuesday, April 22nd. Truist Financial lifted their price objective on Charles Schwab from $84.00 to $97.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. 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 note on Friday, April 25th. Finally, Cowen reissued a "buy" rating on shares of Charles Schwab in a report on Tuesday, May 20th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $89.63.

Hedge Funds Weigh In On Charles Schwab

Several large investors have recently made changes to their positions in the company. Ameritas Advisory Services LLC bought a new stake in Charles Schwab during the 4th quarter worth about $422,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Charles Schwab by 8.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 5,424 shares of the financial services provider's stock worth $401,000 after buying an additional 437 shares during the last quarter. Beaumont Financial Advisors LLC bought a new position in shares of Charles Schwab in the 4th quarter valued at $201,000. Simon Quick Advisors LLC lifted its holdings in Charles Schwab by 2.6% during the 4th quarter. Simon Quick Advisors LLC now owns 8,688 shares of the financial services provider's stock worth $643,000 after buying an additional 221 shares during the period. Finally, Wesbanco Bank Inc. grew its holdings in Charles Schwab by 49.9% during the 4th quarter. Wesbanco Bank Inc. now owns 6,372 shares of the financial services provider's stock worth $472,000 after acquiring an additional 2,120 shares during the period. Institutional investors and hedge funds 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.