The Charles Schwab Co. (NYSE:SCHW) Director Carolyn Schwab-Pomerantz Sells 13,113 Shares

The Charles Schwab Co. (NYSE:SCHW) Director Carolyn Schwab-Pomerantz sold 13,113 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $76.38, for a total transaction of $1,001,570.94. Following the transaction, the director now owns 1,700,886 shares of the company’s stock, valued at approximately $129,913,672.68. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, April 18th, Carolyn Schwab-Pomerantz sold 7,482 shares of Charles Schwab stock. The stock was sold at an average price of $73.47, for a total transaction of $549,702.54.
• On Thursday, March 21st, Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock. The stock was sold at an average price of $70.87, for a total value of $637,830.00.
• On Wednesday, February 28th, Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock. The shares were sold at an average price of $65.29, for a total transaction of $587,610.00.

Charles Schwab Price Performance

NYSE SCHW traded up $0.85 on Wednesday, hitting $76.40. 5,189,835 shares of the company were exchanged, compared to its average volume of 7,574,732. The Charles Schwab Co. has a 1-year low of $46.55 and a 1-year high of $77.05. The firm has a 50 day moving average of $71.20 and a two-hundred day moving average of $65.15. The company has a market cap of $135.68 billion, a P/E ratio of 31.69, a P/E/G ratio of 1.11 and a beta of 0.98. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82.

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

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors 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 dividend on an annualized basis and a yield of 1.31%. Charles Schwab’s dividend payout ratio is presently 41.84%.

Institutional Trading of Charles Schwab

Institutional investors and hedge funds have recently modified their holdings of the stock. Investment Research & Advisory Group Inc. boosted its position in shares of 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 worth $4,058,000 after purchasing an additional 607 shares in the last quarter. Bamco Inc. NY raised its position in shares of Charles Schwab by 0.5% during the third quarter. Bamco Inc. NY now owns 8,102,475 shares of the financial services provider’s stock worth $444,826,000 after purchasing an additional 42,588 shares during the period. Retirement Systems of Alabama lifted its holdings in shares of Charles Schwab by 13.0% during the 4th quarter. Retirement Systems of Alabama now owns 1,329,388 shares of the financial services provider’s stock valued at $91,462,000 after purchasing an additional 152,967 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of 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 worth $30,287,000 after acquiring an additional 166,316 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in Charles Schwab by 22.2% in 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 acquiring an additional 160,719 shares in the last quarter. 84.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SCHW. Raymond James reduced their price objective on Charles Schwab from $78.00 to $75.00 and set an “outperform” rating on the stock in a research report on Thursday, January 18th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. JMP Securities reissued a “market outperform” rating and issued a $80.00 price target on shares of Charles Schwab in a report on Tuesday, April 16th. Finally, TD Cowen upped their price target on shares of Charles Schwab from $87.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Charles Schwab has a consensus rating of “Hold” and an average target price of $74.47.

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.