Charles Schwab (NYSE:SCHW) Insider Dennis Howard Sells 2,198 Shares of Stock

The Charles Schwab Corporation (NYSE:SCHW) insider Dennis Howard sold 2,198 shares of Charles Schwab stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $110.00, for a total transaction of $241,780.00. Following the completion of the transaction, the insider owned 6,980 shares of the company’s stock, valued at $767,800. The trade was a 23.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Dennis Howard also recently made the following trade(s):

• On Tuesday, July 28th, Dennis Howard sold 28,000 shares of Charles Schwab stock. The shares were sold at an average price of $105.01, for a total transaction of $2,940,280.00.

Charles Schwab Stock Performance

Shares of NYSE:SCHW traded down $0.34 during trading on Monday, hitting $110.75. 6,236,298 shares of the company were exchanged, compared to its average volume of 10,523,756. The Charles Schwab Corporation has a 52-week low of $83.96 and a 52-week high of $111.64. The stock has a 50 day moving average of $99.86 and a 200 day moving average of $95.89. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.64 and a quick ratio of 0.64. The company has a market cap of $191.52 billion, a PE ratio of 20.14, a P/E/G ratio of 0.85 and a beta of 0.76.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.06. The company had revenue of $7.07 billion during the quarter, compared to analysts’ expectations of $6.90 billion. Charles Schwab had a return on equity of 24.53% and a net margin of 38.79%.The firm’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.14 earnings per share. As a group, equities research analysts predict that The Charles Schwab Corporation will post 6.46 EPS for the current year.

Charles Schwab Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Morgan Stanley raised their price target on shares of Charles Schwab from $133.00 to $136.00 and gave the company an “overweight” rating in a report on Monday, July 27th. Barclays upped their price target on shares of Charles Schwab from $122.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. Compass Point assumed coverage on Charles Schwab in a research note on Monday, August 3rd. They set a “buy” rating and a $135.00 price objective for the company. Zacks Research upgraded Charles Schwab from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. Finally, Citigroup restated a “market outperform” rating on shares of Charles Schwab in a research note on Wednesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $121.17.

Institutional Investors Weigh In On Charles Schwab

A number of large investors have recently added to or reduced their stakes in SCHW. State Street Corp boosted its stake in Charles Schwab by 1.0% in the third quarter. State Street Corp now owns 73,156,290 shares of the financial services provider’s stock worth $6,984,231,000 after buying an additional 691,671 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Charles Schwab by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 37,667,640 shares of the financial services provider’s stock worth $3,747,646,000 after acquiring an additional 98,242 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Charles Schwab by 0.3% in the 4th quarter. Franklin Resources Inc. now owns 30,184,369 shares of the financial services provider’s stock valued at $3,015,720,000 after purchasing an additional 78,020 shares in the last quarter. Primecap Management Co. CA boosted its stake in shares of Charles Schwab by 9.7% in the 4th quarter. Primecap Management Co. CA now owns 23,276,071 shares of the financial services provider’s stock valued at $2,325,512,000 after purchasing an additional 2,066,884 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in shares of Charles Schwab by 0.8% during the 4th quarter. Fisher Asset Management LLC now owns 21,818,514 shares of the financial services provider’s stock valued at $2,179,888,000 after purchasing an additional 171,926 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

About Charles Schwab

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.