The Charles Schwab Co. (NYSE:SCHW) General Counsel Sells $889,280.64 in Stock

The Charles Schwab Co. (NYSE:SCHW - Get Free Report) General Counsel Peter J. Morgan III sold 10,176 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $87.39, for a total value of $889,280.64. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Charles Schwab Stock Up 1.3%

Shares of NYSE:SCHW traded up $1.15 during mid-day trading on Tuesday, reaching $88.55. 6,808,631 shares of the stock were exchanged, compared to its average volume of 9,381,776. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The company has a market cap of $160.89 billion, a P/E ratio of 29.62, a P/E/G ratio of 0.99 and a beta of 0.90. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $89.85. The stock's 50 day simple moving average is $80.34 and its 200-day simple moving average is $79.18.

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 for the quarter, beating analysts' consensus estimates of $1.01 by $0.03. The firm had revenue of $5.60 billion during 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 period last year, the company earned $0.74 earnings per share. As a group, equities research analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were paid a $0.27 dividend. 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 1.22%. Charles Schwab's dividend payout ratio is 32.73%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on SCHW shares. Cowen reissued a "buy" rating on shares of Charles Schwab in a research note on Tuesday, May 20th. UBS Group increased their target price on Charles Schwab from $95.00 to $96.00 and gave the company a "buy" rating in a research note on Tuesday, April 22nd. Keefe, Bruyette & Woods increased their target price on Charles Schwab from $90.00 to $93.00 and gave the company an "outperform" rating in a research note on Tuesday, April 22nd. Barclays cut their target price on Charles Schwab from $96.00 to $84.00 and set an "overweight" rating on the stock in a research note on Monday, April 7th. Finally, TD Cowen upgraded Charles Schwab from a "hold" rating to a "buy" rating and increased their price target for the stock from $88.00 to $103.00 in a report on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $89.63.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SCHW. Oregon Pacific Wealth Management LLC acquired a new stake in shares of Charles Schwab in the fourth quarter valued at approximately $688,000. Cary Street Partners Financial LLC acquired a new stake in shares of Charles Schwab in the fourth quarter valued at approximately $1,455,000. Golden State Equity Partners lifted its position in shares of Charles Schwab by 293.9% in the fourth quarter. Golden State Equity Partners now owns 12,207 shares of the financial services provider's stock valued at $903,000 after buying an additional 9,108 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Charles Schwab by 7.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 637,957 shares of the financial services provider's stock valued at $47,674,000 after buying an additional 43,308 shares during the last quarter. Finally, Banco Santander S.A. lifted its holdings in Charles Schwab by 49.6% during the 4th quarter. Banco Santander S.A. now owns 16,316 shares of the financial services provider's stock worth $1,208,000 after purchasing an additional 5,413 shares during the last quarter. 84.38% of the stock is currently 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.