The Charles Schwab Co. (NYSE:SCHW) Chairman Charles R. Schwab Sells 65,790 Shares of Stock

The Charles Schwab Co. (NYSE:SCHW) Chairman Charles R. Schwab sold 65,790 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $76.40, for a total value of $5,026,356.00. Following the completion of the transaction, the chairman now directly owns 60,906,686 shares of the company’s stock, valued at approximately $4,653,270,810.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Charles Schwab Trading Up 1.1 %

SCHW stock opened at $76.40 on Thursday. The firm’s fifty day simple moving average is $71.20 and its two-hundred day simple moving average is $65.15. The stock has a market capitalization of $135.68 billion, a price-to-earnings ratio of 31.96, a price-to-earnings-growth ratio of 1.11 and a beta of 0.98. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82. The Charles Schwab Co. has a twelve month low of $46.55 and a twelve month high of $77.05.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data 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. Charles Schwab had a net margin of 26.14% and a return on equity of 19.86%. The company had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.71 billion. As a group, analysts anticipate that The Charles Schwab Co. will post 3.42 earnings per share for the current year.

Charles Schwab Dividend Announcement

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

Institutional Trading of Charles Schwab

Several institutional investors and hedge funds have recently made changes to their positions in SCHW. Providence Capital Advisors LLC purchased a new stake in Charles Schwab in the 3rd quarter valued at about $28,000. Sugarloaf Wealth Management LLC boosted its holdings in shares of Charles Schwab by 60.0% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 165 shares during the period. Frazier Financial Advisors LLC bought a new position in shares of Charles Schwab during the 4th quarter worth $30,000. Wetzel Investment Advisors Inc. purchased a new position in Charles Schwab during the 4th quarter valued at about $31,000. Finally, Tributary Capital Management LLC purchased a new stake in shares of Charles Schwab during the 1st quarter worth $31,000. 84.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SCHW has been the subject of several recent analyst reports. Bank of America upped their price target on Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 16th. StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Morgan Stanley raised their price objective on Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Keefe, Bruyette & Woods boosted their target price on Charles Schwab from $75.00 to $76.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. raised their price target on Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $74.47.

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.