Insider Selling: The Charles Schwab Co. (NYSE:SCHW) Director Sells $652,410.00 in Stock

The Charles Schwab Co. (NYSE:SCHW) Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $72.49, for a total value of $652,410.00. Following the completion of the transaction, the director now owns 570,657 shares of the company’s stock, valued at approximately $41,366,925.93. The sale was disclosed in a document filed with the SEC, which is available through this link.

Carolyn Schwab-Pomerantz also recently made the following trade(s):

• On Monday, May 20th, Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock. The shares were sold at an average price of $78.41, for a total value of $705,690.00.
• On Thursday, May 9th, Carolyn Schwab-Pomerantz sold 26,315 shares of Charles Schwab stock. The stock was sold at an average price of $76.13, for a total value of $2,003,360.95.
• On Monday, May 6th, Carolyn Schwab-Pomerantz sold 13,113 shares of Charles Schwab stock. The shares were sold at an average price of $76.38, for a total transaction of $1,001,570.94.
• On Thursday, April 18th, Carolyn Schwab-Pomerantz sold 7,482 shares of Charles Schwab stock. The shares were sold at an average price of $73.47, for a total transaction of $549,702.54.

Charles Schwab Trading Down 0.9 %

Shares of NYSE:SCHW opened at $73.20 on Thursday. The company has a market capitalization of $130.10 billion, a P/E ratio of 30.63, a P/E/G ratio of 1.14 and a beta of 0.96. The Charles Schwab Co. has a 1 year low of $48.66 and a 1 year high of $79.49. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.42 and a quick ratio of 0.42. The business’s 50 day simple moving average is $74.39 and its 200 day simple moving average is $69.66.

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 the consensus estimate of $0.73 by $0.01. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. The business had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.71 billion. On average, research analysts anticipate that The Charles Schwab Co. will post 3.25 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, May 9th. This represents a $1.00 annualized dividend and a yield of 1.37%. Charles Schwab’s dividend payout ratio is currently 41.84%.

Wall Street Analysts Forecast Growth

SCHW has been the subject of several recent analyst reports. UBS Group raised their target price on shares of Charles Schwab from $87.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. JMP Securities reiterated a “market outperform” rating and set a $80.00 target price on shares of Charles Schwab in a research note on Tuesday, May 28th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $76.00 target price on shares of Charles Schwab in a report on Monday, June 17th. Citigroup lifted their price objective on shares of Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Finally, TD Cowen dropped their price objective on shares of Charles Schwab from $92.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $75.56.

Institutional Investors Weigh In On Charles Schwab

Large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in Charles Schwab by 0.9% in the first quarter. Vanguard Group Inc. now owns 120,963,133 shares of the financial services provider’s stock valued at $8,750,473,000 after acquiring an additional 1,042,823 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Charles Schwab by 4.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 72,306,560 shares of the financial services provider’s stock valued at $5,230,657,000 after purchasing an additional 2,946,327 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Charles Schwab by 4.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 30,994,967 shares of the financial services provider’s stock valued at $2,132,454,000 after purchasing an additional 1,219,015 shares during the last quarter. Fisher Asset Management LLC lifted its stake in Charles Schwab by 1.6% in the 4th quarter. Fisher Asset Management LLC now owns 18,627,667 shares of the financial services provider’s stock valued at $1,281,584,000 after purchasing an additional 296,317 shares during the last quarter. Finally, Norges Bank acquired a new stake in Charles Schwab in the fourth quarter valued at approximately $950,192,000. 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.