Insider Selling: The Charles Schwab Co. (NYSE:SCHW) Insider Sells $74,980.00 in Stock

The Charles Schwab Co. (NYSE:SCHW) insider Paul V. Woolway sold 1,150 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $65.20, for a total value of $74,980.00. Following the sale, the insider now directly owns 61,887 shares in the company, valued at $4,035,032.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Charles Schwab Price Performance

Charles Schwab stock opened at $63.39 on Monday. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $112.66 billion, a PE ratio of 26.52, a P/E/G ratio of 1.19 and a beta of 0.99. The Charles Schwab Co. has a 12 month low of $48.66 and a 12 month high of $79.49. The stock has a 50-day moving average price of $70.99 and a two-hundred day moving average price of $70.05.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Tuesday, July 16th. The financial services provider reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. The firm had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $4.68 billion. Charles Schwab had a return on equity of 18.65% and a net margin of 26.30%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the company earned $0.75 earnings per share. Analysts expect that The Charles Schwab Co. will post 3.09 EPS for the current year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, August 9th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $1.00 annualized dividend and a yield of 1.58%. Charles Schwab’s dividend payout ratio is presently 41.84%.

Hedge Funds Weigh In On Charles Schwab

Several large investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its position in shares of Charles Schwab by 33.4% during the fourth 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 bought a new position in shares of Charles Schwab during the fourth quarter worth about $950,192,000. Boston Partners raised its position in shares of Charles Schwab by 424.7% during the fourth quarter. Boston Partners now owns 4,451,090 shares of the financial services provider’s stock worth $305,400,000 after acquiring an additional 3,602,830 shares during the last quarter. Morningstar Investment Services LLC raised its position in shares of Charles Schwab by 98.0% during the fourth quarter. Morningstar Investment Services LLC now owns 4,691,362 shares of the financial services provider’s stock worth $326,284,000 after acquiring an additional 2,322,156 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Charles Schwab by 19.7% during the fourth quarter. Franklin Resources Inc. now owns 9,472,698 shares of the financial services provider’s stock worth $651,722,000 after acquiring an additional 1,558,975 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SCHW. TD Cowen reissued a “hold” rating and set a $71.00 target price (down from $88.00) on shares of Charles Schwab in a report on Wednesday, July 17th. StockNews.com lowered Charles Schwab from a “hold” rating to a “sell” rating in a report on Friday, May 24th. Keefe, Bruyette & Woods raised Charles Schwab from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $76.00 to $84.00 in a report on Monday, July 8th. JMP Securities reduced their target price on Charles Schwab from $85.00 to $82.00 and set a “market outperform” rating on the stock in a report on Tuesday, July 23rd. Finally, Bank of America reduced their target price on Charles Schwab from $72.00 to $66.00 and set an “underperform” rating on the stock in a report on Wednesday, July 17th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $74.27.

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.