Charles R. Schwab Sells 65,790 Shares of The Charles Schwab Co. (NYSE:SCHW) Stock

The Charles Schwab Co. (NYSE:SCHW) Chairman Charles R. Schwab sold 65,790 shares of Charles Schwab stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $76.40, for a total transaction of $5,026,356.00. Following the sale, the chairman now owns 60,906,686 shares of the company’s stock, valued at $4,653,270,810.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Charles Schwab Stock Performance

Shares of SCHW opened at $75.44 on Friday. The Charles Schwab Co. has a one year low of $46.55 and a one year high of $77.05. The company has a 50-day simple moving average of $71.42 and a two-hundred day simple moving average of $65.23. 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 firm has a market capitalization of $133.99 billion, a PE ratio of 31.56, a price-to-earnings-growth ratio of 1.11 and a beta of 0.98.

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

Charles Schwab Announces Dividend

The firm 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 dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.33%. The ex-dividend date is Thursday, May 9th. Charles Schwab’s payout ratio is currently 41.84%.

Wall Street Analyst Weigh In

SCHW has been the subject of several research reports. JMP Securities reiterated a “market outperform” rating and issued a $80.00 target price on shares of Charles Schwab in a research report on Tuesday, April 16th. TD Cowen increased their price objective on Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Piper Sandler boosted their target price on Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Citigroup increased their price target on shares of Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Finally, Barclays boosted their price objective on shares of Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, Charles Schwab has a consensus rating of “Hold” and a consensus target price of $74.47.

Hedge Funds Weigh In On Charles Schwab

Institutional investors and hedge funds have recently made changes to their positions in the business. Tributary Capital Management LLC purchased a new position in Charles Schwab during the first quarter valued at $31,000. Sugarloaf Wealth Management LLC boosted its position in shares of Charles Schwab by 60.0% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after buying an additional 165 shares during the last quarter. Frazier Financial Advisors LLC bought a new stake in shares of Charles Schwab in the fourth quarter worth approximately $30,000. Wetzel Investment Advisors Inc. purchased a new stake in Charles Schwab during the 4th quarter valued at $31,000. Finally, Hall Laurie J Trustee bought a new position in shares of Charles Schwab during the 4th quarter valued at $34,000. Institutional investors own 84.38% of the company’s stock.

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.