The Charles Schwab Co. (NYSE:SCHW) Director Sells $103,300.00 in Stock

The Charles Schwab Co. (NYSE:SCHW) Director Joan Dea sold 1,250 shares of Charles Schwab stock in a transaction dated Monday, November 22nd. The shares were sold at an average price of $82.64, for a total transaction of $103,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of SCHW opened at $83.14 on Thursday. The company has a 50-day moving average of $78.69 and a two-hundred day moving average of $74.23. The company has a current ratio of 0.37, a quick ratio of 0.36 and a debt-to-equity ratio of 0.41. The stock has a market cap of $150.59 billion, a P/E ratio of 31.61 and a beta of 1.06. The Charles Schwab Co. has a 12-month low of $48.51 and a 12-month high of $84.49.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Thursday, October 14th. The financial services provider reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. The business had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.51 billion. Charles Schwab had a net margin of 30.08% and a return on equity of 13.49%. The company’s revenue was up 86.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.51 earnings per share. As a group, analysts forecast that The Charles Schwab Co. will post 3.21 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 26th. Stockholders of record on Friday, November 12th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Wednesday, November 10th. Charles Schwab’s dividend payout ratio is presently 27.38%.

Large investors have recently bought and sold shares of the company. Holloway Wealth Management LLC acquired a new position in shares of Charles Schwab in the second quarter valued at approximately $25,000. University of Texas Texas AM Investment Managment Co. acquired a new position in shares of Charles Schwab in the third quarter valued at approximately $26,000. Red Door Wealth Management LLC acquired a new position in Charles Schwab during the second quarter worth approximately $26,000. Annapolis Financial Services LLC increased its position in Charles Schwab by 135.5% during the third quarter. Annapolis Financial Services LLC now owns 365 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 210 shares during the last quarter. Finally, American National Bank acquired a new position in Charles Schwab during the third quarter worth approximately $28,000. 71.46% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently weighed in on the stock. Morgan Stanley lifted their target price on shares of Charles Schwab from $97.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, October 26th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Charles Schwab from a “sell” rating to a “buy” rating and set a $80.00 target price on the stock in a report on Wednesday, September 29th. Citigroup boosted their price objective on shares of Charles Schwab from $98.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, October 22nd. Atlantic Securities initiated coverage on shares of Charles Schwab in a report on Tuesday, October 5th. They set an “overweight” rating and a $95.00 price objective on the stock. Finally, Wolfe Research decreased their price objective on shares of Charles Schwab from $94.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, October 22nd. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $87.72.

About Charles Schwab

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.

See Also: Liquidity

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

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