The Charles Schwab Co. (NYSE:SCHW) Chairman Charles R. Schwab Sells 89,275 Shares

The Charles Schwab Co. (NYSE:SCHW) Chairman Charles R. Schwab sold 89,275 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $74.62, for a total transaction of $6,661,700.50. Following the transaction, the chairman now directly owns 30,641,981 shares of the company’s stock, valued at $2,286,504,622.22. The sale was disclosed in a document filed with the SEC, which is available through this link.

Charles Schwab Stock Down 0.4 %

Shares of SCHW opened at $74.86 on Friday. The firm has a market cap of $132.96 billion, a PE ratio of 31.32, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The company’s fifty day moving average is $69.47 and its two-hundred day moving average is $63.68. The Charles Schwab Co. has a fifty-two week low of $45.65 and a fifty-two week high of $75.55. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.34%. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

Hedge Funds Weigh In On Charles Schwab

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Sigma Investment Counselors Inc. lifted its holdings in shares of Charles Schwab by 50.1% during the 1st quarter. Sigma Investment Counselors Inc. now owns 4,803 shares of the financial services provider’s stock valued at $347,000 after acquiring an additional 1,604 shares in the last quarter. Caliber Wealth Management LLC lifted its holdings in Charles Schwab by 0.9% in the 1st quarter. Caliber Wealth Management LLC now owns 41,818 shares of the financial services provider’s stock worth $3,025,000 after buying an additional 377 shares in the last quarter. Carmel Capital Partners LLC lifted its holdings in Charles Schwab by 1.6% in the 1st quarter. Carmel Capital Partners LLC now owns 24,028 shares of the financial services provider’s stock worth $1,738,000 after buying an additional 382 shares in the last quarter. Equitable Trust Co. lifted its holdings in Charles Schwab by 36.6% in the 1st quarter. Equitable Trust Co. now owns 5,619 shares of the financial services provider’s stock worth $406,000 after buying an additional 1,506 shares in the last quarter. Finally, Professional Financial Advisors LLC lifted its holdings in Charles Schwab by 12.3% in the 1st quarter. Professional Financial Advisors LLC now owns 18,700 shares of the financial services provider’s stock worth $1,353,000 after buying an additional 2,046 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. JMP Securities reissued a “market outperform” rating and set a $80.00 price objective on shares of Charles Schwab in a research note on Tuesday, April 16th. JPMorgan Chase & Co. raised their price objective on shares of Charles Schwab from $86.00 to $89.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Piper Sandler lifted their target price on shares of Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Finally, Citigroup lifted their target price on shares of Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $74.47.

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.