Carolyn Schwab-Pomerantz Sells 9,000 Shares of The Charles Schwab Co. (NYSE:SCHW) Stock

The Charles Schwab Co. (NYSE:SCHW) Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $78.41, for a total transaction of $705,690.00. Following the transaction, the director now owns 574,257 shares in the company, valued at approximately $45,027,491.37. The sale was disclosed in a filing with the SEC, which can be accessed through 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 transaction 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 transaction 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 transaction 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 transaction of $637,830.00.
• On Wednesday, February 28th, Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock. The stock was sold at an average price of $65.29, for a total transaction of $587,610.00.

Charles Schwab Price Performance

SCHW stock opened at $72.34 on Friday. The company has a fifty day moving average price of $73.50 and a 200-day moving average price of $67.05. The company has a market capitalization of $128.57 billion, a P/E ratio of 30.27, a PEG ratio of 1.10 and a beta of 0.98. The Charles Schwab Co. has a 52-week low of $48.66 and a 52-week high of $79.49. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.42 and a current ratio of 0.42.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.01. The firm had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.71 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. As a group, equities analysts expect that The Charles Schwab Co. will post 3.4 EPS for the current year.

Charles Schwab Dividend Announcement

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. This represents a $1.00 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Thursday, May 9th. Charles Schwab’s dividend payout ratio is presently 41.84%.

Hedge Funds Weigh In On Charles Schwab

A number of hedge funds have recently bought and sold shares of the company. BigSur Wealth Management LLC bought a new position in Charles Schwab during the first quarter worth $723,000. Swedbank AB bought a new position in Charles Schwab during the first quarter worth $40,738,000. Kozak & Associates Inc. raised its stake in 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 position in Charles Schwab during the first quarter worth $78,000. Finally, Plato Investment Management Ltd raised its stake in Charles Schwab by 806.6% during the first quarter. Plato Investment Management Ltd now owns 23,898 shares of the financial services provider’s stock worth $1,729,000 after buying an additional 21,262 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

Analyst Ratings Changes

SCHW has been the topic of several analyst reports. Keefe, Bruyette & Woods increased their price target on shares of Charles Schwab from $75.00 to $76.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 16th. Barclays increased their price target on shares of Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 16th. Citigroup increased their price target on shares of Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Charles Schwab from $86.00 to $83.00 and set a “buy” rating for the company in a research note on Thursday. Finally, JMP Securities reissued a “market outperform” rating and issued a $80.00 price objective on shares of Charles Schwab in a research note on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $75.12.

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.