Insider Selling: The Charles Schwab Co. (NYSE:SCHW) Director Sells 9,000 Shares of Stock

The Charles Schwab Co. (NYSE:SCHW) Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $78.41, for a total value of $705,690.00. Following the transaction, the director now owns 574,257 shares of the company’s stock, valued at approximately $45,027,491.37. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• 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 stock was sold at an average price of $76.38, for a total value of $1,001,570.94.
• On Thursday, April 18th, Carolyn Schwab-Pomerantz sold 7,482 shares of Charles Schwab stock. The stock was sold at an average price of $73.47, for a total value of $549,702.54.
• On Thursday, March 21st, Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock. The stock was sold at an average price of $70.87, for a total value of $637,830.00.
• On Wednesday, February 28th, Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock. The shares were sold at an average price of $65.29, for a total value of $587,610.00.

Charles Schwab Stock Performance

SCHW stock traded down $3.63 during mid-day trading on Wednesday, hitting $75.27. 13,710,143 shares of the company were exchanged, compared to its average volume of 7,544,656. The business has a 50 day simple moving average of $73.23 and a 200-day simple moving average of $66.95. The stock has a market capitalization of $133.78 billion, a PE ratio of 31.49, a price-to-earnings-growth ratio of 1.15 and a beta of 0.98. 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 Charles Schwab Co. has a 1-year low of $48.66 and a 1-year high of $79.49.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The business had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.71 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. On average, equities analysts forecast that The Charles Schwab Co. will post 3.4 earnings per share for the current year.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be paid a $0.25 dividend. The ex-dividend date is Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.33%. Charles Schwab’s dividend payout ratio (DPR) is 41.84%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. BigSur Wealth Management LLC bought a new stake in shares of Charles Schwab during the first quarter worth $723,000. Swedbank AB bought a new stake in shares of Charles Schwab during the first quarter worth $40,738,000. Kozak & Associates Inc. grew its stake in shares of Charles Schwab by 5.9% during the first quarter. Kozak & Associates Inc. now owns 131,482 shares of the financial services provider’s stock worth $10,261,000 after buying an additional 7,296 shares during the last quarter. New Covenant Trust Company N.A. bought a new stake in shares of Charles Schwab in the first quarter worth $78,000. Finally, Plato Investment Management Ltd grew its stake in shares of Charles Schwab by 806.6% in the first quarter. Plato Investment Management Ltd now owns 23,898 shares of the financial services provider’s stock worth $1,729,000 after purchasing an additional 21,262 shares during the last quarter. 84.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Bank of America raised their price objective on Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. raised their price objective on Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. Barclays raised their price objective on Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a report on Tuesday, April 16th. Citigroup raised their price objective on Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Finally, TD Cowen raised their price objective on Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Two 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $74.47.

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.