Charles Schwab (NYSE:SCHW) Stock Price Down 4.4% – Time to Sell?

The Charles Schwab Corporation (NYSE:SCHW) shares dropped 4.4% during mid-day trading on Tuesday . The stock traded as low as $102.98 and last traded at $102.2250. 1,183,668 shares were traded during trading, a decline of 88% from the average session volume of 10,139,678 shares. The stock had previously closed at $106.88.

Wall Street Analysts Forecast Growth

SCHW has been the topic of a number of research analyst reports. Citigroup reiterated a “market outperform” rating on shares of Charles Schwab in a research report on Wednesday, July 22nd. Zacks Research cut shares of Charles Schwab from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Weiss Ratings raised Charles Schwab from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, September 10th. UBS Group set a $135.00 target price on shares of Charles Schwab in a research note on Monday, August 3rd. Finally, Morgan Stanley raised their price target on Charles Schwab from $133.00 to $136.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Charles Schwab has a consensus rating of “Moderate Buy” and an average target price of $121.17.

Charles Schwab Stock Performance

The business has a 50-day moving average price of $107.05 and a 200-day moving average price of $97.74. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $172.35 billion, a price-to-earnings ratio of 18.12, a P/E/G ratio of 0.92 and a beta of 0.76.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share for the quarter, topping the consensus estimate 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 24.53% and a net margin of 38.79%.The company’s quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter last year, the company earned $1.14 earnings per share. As a group, sell-side analysts forecast that The Charles Schwab Corporation will post 6.46 earnings per share for the current year.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.28 dividend on an annualized basis and a yield of 1.3%. Charles Schwab’s payout ratio is currently 23.27%.

Insider Activity

In other Charles Schwab news, insider Jonathan S. Beatty sold 1,000 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $111.33, for a total transaction of $111,330.00. Following the sale, the insider directly owned 10,738 shares of the company’s stock, valued at approximately $1,195,461.54. This trade represents a 8.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nigel J. Murtagh sold 24,778 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $109.01, for a total value of $2,701,049.78. Following the sale, the insider directly owned 57,972 shares in the company, valued at approximately $6,319,527.72. This trade represents a 29.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 649,582 shares of company stock valued at $69,948,015. 6.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Charles Schwab

Institutional investors have recently modified their holdings of the business. Geode Capital Management LLC grew its holdings in Charles Schwab by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 37,667,640 shares of the financial services provider’s stock valued at $3,747,646,000 after purchasing an additional 98,242 shares during the period. Franklin Resources Inc. lifted its position in shares of Charles Schwab by 0.3% during 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 buying an additional 78,020 shares in the last quarter. Fisher Asset Management LLC lifted its position 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 buying an additional 171,926 shares in the last quarter. Norges Bank acquired a new stake in Charles Schwab in the 4th quarter valued at $1,994,189,000. Finally, Invesco Ltd. grew its stake in Charles Schwab by 3.0% in the 4th quarter. Invesco Ltd. now owns 16,425,579 shares of the financial services provider’s stock valued at $1,641,080,000 after acquiring an additional 484,558 shares during the period. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Company Profile

The Charles Schwab Corporation is a financial services company that provides investment, wealth management and banking services to individual investors, financial professionals, employers and institutions. Its offerings include brokerage accounts, retirement accounts, investment advisory services, mutual funds, exchange-traded funds, stocks, bonds and other securities.

Through Charles Schwab Bank and related platforms, the company also provides deposit accounts, lending and cash-management services.