Insider Selling: The Charles Schwab Co. (NYSE:SCHW) Chairman Sells 66,225 Shares of Stock

The Charles Schwab Co. (NYSE:SCHW) Chairman Charles R. Schwab sold 66,225 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $75.51, for a total value of $5,000,649.75. Following the completion of the transaction, the chairman now owns 60,972,476 shares in the company, valued at $4,604,031,662.76. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Charles Schwab Trading Up 1.1 %

Shares of NYSE SCHW traded up $0.85 during midday trading on Wednesday, hitting $76.40. The company’s stock had a trading volume of 5,189,835 shares, compared to its average volume of 7,574,732. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82. The business’s 50 day moving average is $71.20 and its two-hundred day moving average is $65.15. The Charles Schwab Co. has a 12-month low of $46.55 and a 12-month high of $77.05. The firm has a market cap of $135.68 billion, a P/E ratio of 31.69, a price-to-earnings-growth ratio of 1.11 and a beta of 0.98.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The company had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.71 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.86%. As a group, equities research analysts expect that The Charles Schwab Co. will post 3.42 EPS for the current year.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be issued a $0.25 dividend. The ex-dividend date is Thursday, May 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.31%. Charles Schwab’s dividend payout ratio is currently 41.84%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SCHW. Keefe, Bruyette & Woods lifted their price target on Charles Schwab from $75.00 to $76.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 16th. JMP Securities restated a “market outperform” rating and set a $80.00 price target on shares of Charles Schwab in a research report on Tuesday, April 16th. TD Cowen boosted their price objective on shares of Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Morgan Stanley lifted their price target on shares of Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $74.47.

Institutional Trading of Charles Schwab

A number of hedge funds have recently bought and sold shares of SCHW. Investment Research & Advisory Group Inc. boosted its position in Charles Schwab by 1.0% during the fourth quarter. Investment Research & Advisory Group Inc. now owns 58,979 shares of the financial services provider’s stock valued at $4,058,000 after purchasing an additional 607 shares in the last quarter. Bamco Inc. NY raised its stake in shares of Charles Schwab by 0.5% during the 3rd quarter. Bamco Inc. NY now owns 8,102,475 shares of the financial services provider’s stock valued at $444,826,000 after buying an additional 42,588 shares during the last quarter. Retirement Systems of Alabama boosted its stake in shares of Charles Schwab by 13.0% in the fourth quarter. Retirement Systems of Alabama now owns 1,329,388 shares of the financial services provider’s stock worth $91,462,000 after buying an additional 152,967 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Charles Schwab by 43.2% during the third quarter. Nisa Investment Advisors LLC now owns 551,682 shares of the financial services provider’s stock valued at $30,287,000 after acquiring an additional 166,316 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Charles Schwab by 22.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 883,379 shares of the financial services provider’s stock valued at $60,776,000 after purchasing an additional 160,719 shares in the last quarter. 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.