Paula Sneed Sells 5,263 Shares of Charles Schwab (NYSE:SCHW) Stock

The Charles Schwab Corporation (NYSE:SCHW) Director Paula Sneed sold 5,263 shares of Charles Schwab stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $107.15, for a total transaction of $563,930.45. Following the completion of the sale, the director directly owned 91,711 shares in the company, valued at $9,826,833.65. This trade represents a 5.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Charles Schwab Stock Performance

Charles Schwab stock traded up $0.35 during trading on Monday, hitting $107.95. The stock had a trading volume of 6,748,893 shares, compared to its average volume of 8,412,359. The stock’s 50 day moving average is $97.67 and its two-hundred day moving average is $95.65. The Charles Schwab Corporation has a 1 year low of $83.96 and a 1 year high of $109.32. The stock has a market cap of $187.74 billion, a price-to-earnings ratio of 19.63, a price-to-earnings-growth ratio of 0.82 and a beta of 0.76. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.48.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.06. The business had revenue of $7.07 billion during the quarter, compared to the consensus estimate of $6.90 billion. Charles Schwab had a return on equity of 24.73% and a net margin of 38.79%.The business’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same period last year, the business posted $1.14 earnings per share. As a group, analysts predict that The Charles Schwab Corporation will post 6.46 EPS for the current year.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.28 annualized dividend and a dividend yield of 1.2%. Charles Schwab’s payout ratio is 23.27%.

Institutional Investors Weigh In On Charles Schwab

Several hedge funds have recently bought and sold shares of SCHW. Dogwood Wealth Management LLC increased its holdings in shares of Charles Schwab by 99.2% in the 4th quarter. Dogwood Wealth Management LLC now owns 247 shares of the financial services provider’s stock worth $25,000 after buying an additional 123 shares during the last quarter. Optima Capital LLC purchased a new position in Charles Schwab in the fourth quarter worth $30,000. Scarborough Advisors LLC bought a new position in Charles Schwab in the first quarter valued at $29,000. McIlrath & Eck LLC raised its position in Charles Schwab by 143.2% during the fourth quarter. McIlrath & Eck LLC now owns 321 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 189 shares in the last quarter. Finally, Main Street Group LTD bought a new stake in Charles Schwab during the first quarter worth about $33,000. 84.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SCHW has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Charles Schwab in a report on Wednesday, July 22nd. Argus lifted their price target on Charles Schwab from $108.00 to $114.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Morgan Stanley increased their price objective on Charles Schwab from $133.00 to $136.00 and gave the stock an “overweight” rating in a report on Monday, July 27th. BMO Capital Markets lowered Charles Schwab from an “outperform” rating to a “market perform” rating and set a $105.00 target price for the company. in a report on Monday, July 20th. Finally, JPMorgan Chase & Co. increased their price target on shares of Charles Schwab from $128.00 to $131.00 and gave the stock an “overweight” rating in a report on Friday, April 17th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Charles Schwab presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.17.

Charles Schwab Company Profile

Charles Schwab Corporation (NYSE: SCHW) is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.