The Charles Schwab Co. (NYSE:SCHW) Director Carolyn Schwab-Pomerantz Sells 9,000 Shares

The Charles Schwab Co. (NYSE:SCHW) Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $70.87, for a total value of $637,830.00. Following the sale, the director now owns 581,457 shares of the company’s stock, valued at approximately $41,207,857.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Carolyn Schwab-Pomerantz also recently made the following trade(s):

• On Wednesday, February 28th, Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock. The stock was sold at an average price of $65.29, for a total value of $587,610.00.

Charles Schwab Stock Down 0.4 %

Shares of SCHW traded down $0.29 during mid-day trading on Monday, hitting $71.31. 6,578,553 shares of the company’s stock were exchanged, compared to its average volume of 7,885,417. The company has a market cap of $126.47 billion, a price-to-earnings ratio of 28.07, a P/E/G ratio of 1.38 and a beta of 1.00. The Charles Schwab Co. has a fifty-two week low of $45.65 and a fifty-two week high of $72.94. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43. The stock’s 50-day moving average is $65.17 and its 200-day moving average is $61.00.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.04. The firm had revenue of $4.46 billion for the quarter, compared to analysts’ expectations of $4.49 billion. Charles Schwab had a net margin of 26.90% and a return on equity of 21.33%. The firm’s revenue was down 18.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.07 earnings per share. On average, sell-side analysts anticipate that The Charles Schwab Co. will post 3.33 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, February 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.40%. Charles Schwab’s dividend payout ratio (DPR) is presently 39.37%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SCHW. Price T Rowe Associates Inc. MD boosted its holdings in shares of Charles Schwab by 33.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 69,360,233 shares of the financial services provider’s stock valued at $4,771,985,000 after purchasing an additional 17,369,091 shares during the last quarter. Norges Bank purchased a new position in shares of Charles Schwab in the 4th quarter valued at $1,325,555,000. Morgan Stanley raised its stake in shares of Charles Schwab by 62.5% in the 4th quarter. Morgan Stanley now owns 22,255,649 shares of the financial services provider’s stock valued at $1,853,005,000 after acquiring an additional 8,563,389 shares during the period. Dodge & Cox raised its stake in shares of Charles Schwab by 10.5% in the 4th quarter. Dodge & Cox now owns 86,421,986 shares of the financial services provider’s stock valued at $5,945,833,000 after acquiring an additional 8,182,467 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Charles Schwab by 26.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 29,775,952 shares of the financial services provider’s stock valued at $1,634,700,000 after acquiring an additional 6,195,934 shares during the period. 84.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SCHW has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. UBS Group raised their price target on Charles Schwab from $72.00 to $82.00 and gave the company a “buy” rating in a report on Friday, December 15th. TD Cowen upgraded Charles Schwab from a “market perform” rating to an “outperform” rating and set a $87.00 price target for the company in a report on Friday. Barclays raised their price target on Charles Schwab from $64.00 to $68.00 and gave the company an “equal weight” rating in a report on Wednesday, February 21st. Finally, StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Charles Schwab presently has an average rating of “Hold” and an average price target of $71.12.

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.