Charles Schwab (NYSE:SCHW) Stock Price Down 0.8% Following Insider Selling

Shares of The Charles Schwab Co. (NYSE:SCHW) dropped 0.8% during trading on Wednesday following insider selling activity. The company traded as low as $78.27 and last traded at $78.30. Approximately 894,908 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 7,412,238 shares. The stock had previously closed at $78.90.

Specifically, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $78.41, for a total value of $705,690.00. Following the completion of the transaction, the director now directly owns 574,257 shares in the company, valued at approximately $45,027,491.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $78.41, for a total transaction of $705,690.00. Following the completion of the sale, the director now owns 574,257 shares of the company’s stock, valued at $45,027,491.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Charles R. Schwab sold 89,275 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $74.62, for a total value of $6,661,700.50. Following the completion of the transaction, the chairman now directly owns 30,641,981 shares in the company, valued at approximately $2,286,504,622.22. The disclosure for this sale can be found here. Insiders sold a total of 622,536 shares of company stock worth $46,208,155 over the last three months. 6.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

SCHW has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Charles Schwab from $86.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday. Bank of America lifted their price target on Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a report on Tuesday, April 16th. Morgan Stanley upped their price objective on Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Keefe, Bruyette & Woods lifted their target price on Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a research note on Tuesday, April 16th. Finally, UBS Group boosted their target price on shares of Charles Schwab from $87.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Charles Schwab currently has an average rating of “Hold” and an average target price of $75.12.

Charles Schwab Trading Down 0.1 %

The business has a 50 day simple moving average of $73.50 and a two-hundred day simple moving average of $67.05. The stock has a market cap of $128.44 billion, a price-to-earnings ratio of 30.45, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.69.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results 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. Charles Schwab had a return on equity of 19.25% and a net margin of 26.14%. The business had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.71 billion. As a group, equities analysts anticipate that The Charles Schwab Co. will post 3.4 EPS for the current year.

Charles Schwab Dividend Announcement

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. This represents a $1.00 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Thursday, May 9th. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

Institutional Investors Weigh In On Charles Schwab

Several institutional investors and hedge funds have recently bought and sold shares of SCHW. Price T Rowe Associates Inc. MD grew 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 worth $4,771,985,000 after acquiring an additional 17,369,091 shares during the last quarter. Norges Bank acquired a new position in shares of Charles Schwab in the fourth quarter worth about $950,192,000. Massachusetts Financial Services Co. MA raised its stake in Charles Schwab by 26.3% during 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 purchasing an additional 6,195,934 shares during the period. Ameriprise Financial Inc. grew its position in Charles Schwab by 186.2% during the third quarter. Ameriprise Financial Inc. now owns 7,107,176 shares of the financial services provider’s stock valued at $390,234,000 after purchasing an additional 4,624,302 shares in the last quarter. Finally, Boston Partners lifted its holdings in Charles Schwab by 424.7% in the 4th quarter. Boston Partners now owns 4,451,090 shares of the financial services provider’s stock worth $305,400,000 after purchasing an additional 3,602,830 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

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.