The Charles Schwab Co. (NYSE:SCHW) Insider Jonathan S. Beatty Sells 2,850 Shares

The Charles Schwab Co. (NYSE:SCHW - Get Free Report) insider Jonathan S. Beatty sold 2,850 shares of the business's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $87.57, for a total transaction of $249,574.50. Following the completion of the transaction, the insider now owns 15,219 shares of the company's stock, valued at approximately $1,332,727.83. This represents a 15.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Charles Schwab Trading Down 0.2%

NYSE SCHW traded down $0.20 during trading hours on Thursday, reaching $87.28. The company had a trading volume of 352,635 shares, compared to its average volume of 9,367,369. The stock has a 50-day moving average of $81.35 and a 200 day moving average of $79.54. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $89.85. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $158.59 billion, a P/E ratio of 29.18, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.03. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The company had revenue of $5.60 billion for the quarter, compared to analysts' expectations of $5.46 billion. During the same quarter in the prior year, the company posted $0.74 earnings per share. As a group, research analysts anticipate that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were given a dividend of $0.27 per share. The ex-dividend date was Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.24%. Charles Schwab's dividend payout ratio is presently 32.73%.

Analysts Set New Price Targets

Several brokerages recently commented on SCHW. Barclays cut their price target on shares of Charles Schwab from $96.00 to $84.00 and set an "overweight" rating for the company in a report on Monday, April 7th. TD Securities boosted their price target on shares of Charles Schwab from $95.00 to $113.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Morgan Stanley upped their target price on shares of Charles Schwab from $76.00 to $83.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Wells Fargo & Company dropped their target price on shares of Charles Schwab from $93.00 to $87.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Cowen reaffirmed a "buy" rating on shares of Charles Schwab in a report on Tuesday, May 20th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Charles Schwab has a consensus rating of "Moderate Buy" and a consensus price target of $89.63.

Institutional Trading of Charles Schwab

Hedge funds have recently made changes to their positions in the business. Atwood & Palmer Inc. acquired a new stake in Charles Schwab in the first quarter valued at approximately $25,000. Westside Investment Management Inc. raised its holdings in Charles Schwab by 75.0% in the first quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 150 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its holdings in Charles Schwab by 97.9% in the first quarter. CBIZ Investment Advisory Services LLC now owns 386 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 191 shares in the last quarter. Stone House Investment Management LLC acquired a new stake in Charles Schwab in the first quarter valued at approximately $31,000. Finally, Activest Wealth Management raised its holdings in Charles Schwab by 6,650.0% in the first quarter. Activest Wealth Management now owns 405 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 399 shares in the last quarter. 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.