The Charles Schwab Co. (NYSE:SCHW) Chairman Sells $4,521,259.40 in Stock

The Charles Schwab Co. (NYSE:SCHW) Chairman Charles R. Schwab sold 62,345 shares of the company’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $72.52, for a total value of $4,521,259.40. Following the sale, the chairman now owns 60,619,371 shares of the company’s stock, valued at approximately $4,396,116,784.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Charles Schwab Price Performance

Shares of NYSE:SCHW opened at $71.36 on Friday. The firm has a market cap of $126.91 billion, a PE ratio of 29.61, a price-to-earnings-growth ratio of 1.47 and a beta of 0.97. The Charles Schwab Co. has a 52 week low of $48.66 and a 52 week high of $79.49. The firm’s fifty day moving average is $64.97 and its 200-day moving average is $69.51. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.42 and a current ratio of 0.42.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. Charles Schwab had a return on equity of 18.14% and a net margin of 26.30%. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the previous year, the company posted $0.77 EPS. The business’s revenue was up 5.2% on a year-over-year basis. Sell-side analysts predict that The Charles Schwab Co. will post 3.06 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 23rd. Stockholders of record on Friday, August 9th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.40%. Charles Schwab’s dividend payout ratio (DPR) is currently 41.49%.

Institutional Investors Weigh In On Charles Schwab

Several large investors have recently modified their holdings of SCHW. Trust Co. of Toledo NA OH acquired a new position in shares of Charles Schwab in the 1st quarter valued at about $237,000. Massmutual Trust Co. FSB ADV lifted its stake in Charles Schwab by 18.3% in the first quarter. Massmutual Trust Co. FSB ADV now owns 4,621 shares of the financial services provider’s stock valued at $334,000 after buying an additional 716 shares during the period. Collective Family Office LLC boosted its holdings in shares of Charles Schwab by 29.3% during the 1st quarter. Collective Family Office LLC now owns 4,069 shares of the financial services provider’s stock worth $294,000 after buying an additional 923 shares in the last quarter. Fulton Bank N.A. grew its position in shares of Charles Schwab by 10.4% during the 1st quarter. Fulton Bank N.A. now owns 8,933 shares of the financial services provider’s stock worth $646,000 after buying an additional 845 shares during the period. Finally, Wedmont Private Capital increased its stake in shares of Charles Schwab by 12.2% in the 1st quarter. Wedmont Private Capital now owns 13,130 shares of the financial services provider’s stock valued at $949,000 after acquiring an additional 1,430 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SCHW shares. Wells Fargo & Company increased their price objective on shares of Charles Schwab from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Cowen boosted their price objective on shares of Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th. Bank of America reduced their target price on Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a report on Wednesday. TD Cowen reissued a “hold” rating and set a $71.00 price target (down previously from $88.00) on shares of Charles Schwab in a report on Wednesday, July 17th. Finally, StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $73.59.

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.