Charles R. Schwab Sells 28,000 Shares of The Charles Schwab Co. (NYSE:SCHW) Stock

The Charles Schwab Co. (NYSE:SCHW) Chairman Charles R. Schwab sold 28,000 shares of The Charles Schwab stock in a transaction that occurred on Monday, October 11th. The stock was sold at an average price of $78.50, for a total value of $2,198,000.00. The sale was disclosed in a filing with the SEC, which is available at this link.

The Charles Schwab stock opened at $76.27 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.36 and a current ratio of 0.36. The Charles Schwab Co. has a 52 week low of $37.01 and a 52 week high of $78.94. The stock has a market capitalization of $137.82 billion, a P/E ratio of 32.18 and a beta of 1.05. The stock has a fifty day moving average of $73.30 and a 200-day moving average of $71.26.

The Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Thursday, July 15th. The financial services provider reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.01). The Charles Schwab had a return on equity of 12.89% and a net margin of 28.88%. The business had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.46 billion. During the same period last year, the firm posted $0.54 EPS. The Charles Schwab’s quarterly revenue was up 84.8% on a year-over-year basis. On average, research analysts forecast that The Charles Schwab Co. will post 3.14 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 27th. Investors of record on Friday, August 13th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, August 12th. This represents a $0.72 dividend on an annualized basis and a yield of 0.94%. The Charles Schwab’s dividend payout ratio is currently 29.39%.

SCHW has been the subject of several recent research reports. Morgan Stanley boosted their price target on The Charles Schwab from $86.00 to $97.00 and gave the company an “overweight” rating in a research note on Friday, October 8th. Citigroup reduced their price target on The Charles Schwab from $94.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, July 19th. JMP Securities boosted their price target on The Charles Schwab from $83.00 to $85.00 and gave the company a “market outperform” rating in a research note on Friday, July 23rd. The Goldman Sachs Group downgraded The Charles Schwab from a “buy” rating to a “neutral” rating and set a $76.00 price target for the company. in a research note on Thursday, July 8th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on The Charles Schwab from $90.00 to $92.00 and gave the company a “buy” rating in a report on Friday, July 23rd. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $82.94.

A number of hedge funds have recently modified their holdings of SCHW. Meridian Wealth Partners LLC bought a new stake in The Charles Schwab during the 1st quarter worth $25,000. Holloway Wealth Management LLC bought a new stake in The Charles Schwab during the 2nd quarter worth $25,000. Red Door Wealth Management LLC bought a new stake in The Charles Schwab during the 2nd quarter worth $26,000. Baron Financial Group LLC grew its position in The Charles Schwab by 117.5% during the 1st quarter. Baron Financial Group LLC now owns 435 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 235 shares during the last quarter. Finally, American National Bank bought a new stake in The Charles Schwab during the 3rd quarter worth $28,000. Institutional investors and hedge funds own 71.66% of the company’s stock.

The Charles Schwab Company Profile

The Charles Schwab Corp. is a savings and loan holding company, which engages in the provision of wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. It operates through the Investor Services and Advisor Services segments. The Investor Services segment includes retail brokerage and banking services to individual investors, and retirement plan services, as well as other corporate brokerage services, to businesses and their employees.

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

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