Carolyn Schwab-Pomerantz Sells 13,113 Shares of The Charles Schwab Co. (NYSE:SCHW) Stock

The Charles Schwab Co. (NYSE:SCHW) Director Carolyn Schwab-Pomerantz sold 13,113 shares of Charles Schwab stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $76.38, for a total transaction of $1,001,570.94. Following the completion of the transaction, the director now directly owns 1,700,886 shares in the company, valued at approximately $129,913,672.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• 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 transaction of $549,702.54.
• On Thursday, March 21st, Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock. The shares were 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

NYSE:SCHW opened at $75.44 on Friday. The firm has a market capitalization of $133.99 billion, a price-to-earnings ratio of 31.56, a PEG ratio of 1.11 and a beta of 0.98. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43. The company’s 50-day moving average is $71.42 and its two-hundred day moving average is $65.23. The Charles Schwab Co. has a 1-year low of $46.55 and a 1-year high of $77.05.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. The company had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.71 billion. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. Analysts forecast that The Charles Schwab Co. will post 3.42 EPS for the current year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be paid a dividend of $0.25 per share. 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 1.33%. Charles Schwab’s payout ratio is currently 41.84%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD boosted its holdings in shares of Charles Schwab by 33.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 69,360,233 shares of the financial services provider’s stock valued at $4,771,985,000 after acquiring an additional 17,369,091 shares during the period. Norges Bank acquired a new position in Charles Schwab during the fourth quarter worth about $950,192,000. Massachusetts Financial Services Co. MA grew its holdings in shares of Charles Schwab by 26.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 29,775,952 shares of the financial services provider’s stock worth $1,634,700,000 after acquiring an additional 6,195,934 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Charles Schwab by 186.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 7,107,176 shares of the financial services provider’s stock worth $390,234,000 after buying an additional 4,624,302 shares during the last quarter. Finally, Boston Partners raised its position in Charles Schwab by 424.7% during the fourth quarter. Boston Partners now owns 4,451,090 shares of the financial services provider’s stock worth $305,400,000 after acquiring an additional 3,602,830 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

SCHW has been the topic of a number of research analyst reports. Citigroup boosted their price target on Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Piper Sandler boosted their target price on shares of Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Barclays lifted their price objective on shares of Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 16th. Finally, JPMorgan Chase & Co. increased 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. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Charles Schwab has a consensus rating of “Hold” and an average price target 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.