The Charles Schwab Co. (NYSE:SCHW) Chairman Charles R. Schwab Sells 132,050 Shares

The Charles Schwab Co. (NYSE:SCHWGet Rating) Chairman Charles R. Schwab sold 132,050 shares of the company’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of $79.66, for a total transaction of $10,519,103.00. Following the completion of the sale, the chairman now directly owns 31,111,456 shares in the company, valued at $2,478,338,584.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Charles Schwab Stock Performance

Shares of SCHW stock opened at $80.00 on Tuesday. The firm has a 50-day moving average of $74.54 and a 200-day moving average of $69.61. The company has a market cap of $145.27 billion, a P/E ratio of 24.32, a P/E/G ratio of 0.90 and a beta of 1.00. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.39 and a quick ratio of 0.39. The Charles Schwab Co. has a one year low of $59.35 and a one year high of $96.24.

Charles Schwab (NYSE:SCHWGet Rating) last announced its earnings results on Monday, October 17th. The financial services provider reported $1.10 EPS for the quarter, beating the consensus estimate of $1.05 by $0.05. The company had revenue of $5.50 billion during the quarter, compared to the consensus estimate of $5.42 billion. Charles Schwab had a net margin of 34.02% and a return on equity of 20.59%. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.84 earnings per share. Equities research analysts forecast that The Charles Schwab Co. will post 3.91 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 25th. Investors of record on Friday, November 11th will be issued a dividend of $0.22 per share. The ex-dividend date is Wednesday, November 9th. This represents a $0.88 dividend on an annualized basis and a yield of 1.10%. Charles Schwab’s dividend payout ratio (DPR) is presently 26.75%.

Institutional Trading of Charles Schwab

A number of large investors have recently added to or reduced their stakes in the stock. IFG Advisory LLC increased its holdings in Charles Schwab by 2.4% during the third quarter. IFG Advisory LLC now owns 6,175 shares of the financial services provider’s stock worth $443,000 after buying an additional 144 shares during the last quarter. First Dallas Securities Inc. increased its holdings in Charles Schwab by 2.3% during the second quarter. First Dallas Securities Inc. now owns 6,700 shares of the financial services provider’s stock worth $423,000 after buying an additional 150 shares during the last quarter. Desjardins Global Asset Management Inc. increased its holdings in Charles Schwab by 3.0% during the third quarter. Desjardins Global Asset Management Inc. now owns 5,136 shares of the financial services provider’s stock worth $369,000 after buying an additional 150 shares during the last quarter. 1ST Source Bank increased its holdings in Charles Schwab by 0.6% during the third quarter. 1ST Source Bank now owns 24,341 shares of the financial services provider’s stock worth $1,749,000 after buying an additional 150 shares during the last quarter. Finally, Atlas Private Wealth Management increased its holdings in Charles Schwab by 4.1% during the third quarter. Atlas Private Wealth Management now owns 3,829 shares of the financial services provider’s stock worth $275,000 after buying an additional 151 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on SCHW. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Charles Schwab from $100.00 to $101.00 and gave the company a “buy” rating in a research note on Tuesday, November 15th. JPMorgan Chase & Co. increased their target price on shares of Charles Schwab from $92.00 to $102.00 and gave the stock an “overweight” rating in a research note on Friday, October 28th. Credit Suisse Group lowered shares of Charles Schwab from an “outperform” rating to a “neutral” rating and increased their target price for the stock from $80.00 to $84.00 in a research note on Tuesday, November 1st. Morgan Stanley increased their target price on shares of Charles Schwab from $99.00 to $104.00 and gave the stock an “overweight” rating in a research note on Friday, October 28th. Finally, Barclays upped their price objective on shares of Charles Schwab from $73.00 to $85.00 and gave the stock an “equal weight” rating in a report on Friday, October 28th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $91.92.

About Charles Schwab

(Get Rating)

The Charles Schwab Corporation, together with its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates in two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage, investment advisory, banking and trust, retirement plan, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor and mutual fund clearing services, as well as compliance solutions.

Featured Articles

Insider Buying and Selling by Quarter for Charles Schwab (NYSE:SCHW)

Receive News & Ratings for Charles Schwab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charles Schwab and related companies with MarketBeat.com's FREE daily email newsletter.