The Charles Schwab Co. (NYSE:SCHW) Insider Sells $288,467.20 in Stock

The Charles Schwab Co. (NYSE:SCHW - Get Free Report) insider Paul V. Woolway sold 3,290 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $87.68, for a total transaction of $288,467.20. Following the completion of the sale, the insider now directly owns 39,154 shares in the company, valued at approximately $3,433,022.72. This trade represents a 7.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Charles Schwab Stock Down 0.4%

SCHW stock traded down $0.32 during trading on Thursday, hitting $87.17. 6,171,915 shares of the company's stock were exchanged, compared to its average volume of 9,389,328. 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 Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $89.85. The business has a 50-day moving average price of $81.35 and a two-hundred day moving average price of $79.54. The stock has a market capitalization of $158.38 billion, a price-to-earnings ratio of 29.15, a PEG ratio of 0.99 and a beta of 0.90.

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

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders 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 dividend on an annualized basis and a yield of 1.24%. Charles Schwab's dividend payout ratio (DPR) is 32.73%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SCHW. TD Cowen upgraded shares of Charles Schwab from a "hold" rating to a "buy" rating and increased their target price for the stock from $88.00 to $103.00 in a report on Tuesday, February 18th. Wells Fargo & Company lowered their price target on shares of Charles Schwab from $93.00 to $87.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods raised their price objective on shares of Charles Schwab from $90.00 to $93.00 and gave the company an "outperform" rating in a research note on Tuesday, April 22nd. UBS Group lifted their price target on shares of Charles Schwab from $95.00 to $96.00 and gave the stock a "buy" rating in a research note on Tuesday, April 22nd. Finally, Barclays reduced their price target on shares of Charles Schwab from $96.00 to $84.00 and set an "overweight" rating for the company in a research note on Monday, April 7th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat, Charles Schwab has a consensus rating of "Moderate Buy" and an average price target of $89.63.

Institutional Trading of Charles Schwab

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Charles Schwab by 15.4% during the first quarter. Vanguard Group Inc. now owns 148,395,252 shares of the financial services provider's stock valued at $11,616,380,000 after purchasing an additional 19,817,022 shares during the last quarter. Norges Bank acquired a new stake in Charles Schwab during the 4th quarter worth about $1,289,544,000. Wellington Management Group LLP increased its holdings in shares of Charles Schwab by 595.7% in the 1st quarter. Wellington Management Group LLP now owns 15,488,777 shares of the financial services provider's stock valued at $1,212,461,000 after purchasing an additional 13,262,309 shares during the period. Primecap Management Co. CA grew its stake in shares of Charles Schwab by 229.3% in the 1st quarter. Primecap Management Co. CA now owns 14,002,078 shares of the financial services provider's stock valued at $1,096,083,000 after buying an additional 9,749,728 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Charles Schwab by 12.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 82,048,984 shares of the financial services provider's stock worth $6,422,795,000 after purchasing an additional 8,954,248 shares during the period. Hedge funds and other institutional investors own 84.38% of the company's stock.

About Charles Schwab

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.