The Charles Schwab Co. (NYSE:SCHW) Insider Sells $689,120.00 in Stock

The Charles Schwab Co. (NYSE:SCHW) insider Paul V. Woolway sold 8,614 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $80.00, for a total value of $689,120.00. Following the transaction, the insider now owns 49,204 shares in the company, valued at $3,936,320. This trade represents a 14.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Charles Schwab Stock Down 2.3 %

SCHW opened at $77.79 on Friday. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.50. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The firm has a 50 day moving average price of $79.55 and a 200-day moving average price of $75.36. The stock has a market capitalization of $141.08 billion, a price-to-earnings ratio of 26.02, a PEG ratio of 0.99 and a beta of 0.98.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. The business had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.68 EPS. Equities research analysts forecast that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.27 per share. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date was Friday, February 14th. Charles Schwab’s payout ratio is currently 36.12%.

Analysts Set New Price Targets

SCHW has been the topic of several recent research reports. Redburn Partners reduced their price target on Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a research note on Friday, January 17th. Citigroup lifted their price target on shares of Charles Schwab from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Piper Sandler upped their price objective on shares of Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Keefe, Bruyette & Woods lifted their target price on shares of Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Finally, JMP Securities restated a “market outperform” rating and issued a $94.00 price target (up previously from $84.00) on shares of Charles Schwab in a research note on Monday, December 9th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Charles Schwab has an average rating of “Hold” and an average price target of $86.33.

Hedge Funds Weigh In On Charles Schwab

Several institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Charles Schwab by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 128,578,230 shares of the financial services provider’s stock valued at $9,516,075,000 after buying an additional 1,187,384 shares during the last quarter. State Street Corp raised its holdings in Charles Schwab by 0.7% in the 3rd quarter. State Street Corp now owns 62,076,447 shares of the financial services provider’s stock worth $4,023,175,000 after purchasing an additional 414,949 shares during the period. Geode Capital Management LLC raised its holdings in Charles Schwab by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 30,901,484 shares of the financial services provider’s stock worth $2,279,742,000 after purchasing an additional 760,043 shares during the period. Franklin Resources Inc. lifted its position in Charles Schwab by 15.0% during the third quarter. Franklin Resources Inc. now owns 24,261,234 shares of the financial services provider’s stock valued at $1,644,674,000 after purchasing an additional 3,157,923 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in Charles Schwab by 1.3% during the fourth quarter. Fisher Asset Management LLC now owns 20,455,266 shares of the financial services provider’s stock valued at $1,513,894,000 after purchasing an additional 265,708 shares during the period. Institutional investors own 84.38% of the company’s stock.

About Charles Schwab

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.