The Charles Schwab Co. (NYSE:SCHW) Chairman Charles R. Schwab Sells 59,906 Shares

The Charles Schwab Co. (NYSE:SCHW) Chairman Charles R. Schwab sold 59,906 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $74.78, for a total value of $4,479,770.68. Following the completion of the transaction, the chairman now directly owns 61,038,701 shares in the company, valued at approximately $4,564,474,060.78. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Charles Schwab Trading Up 0.8 %

SCHW opened at $74.54 on Thursday. The Charles Schwab Co. has a one year low of $45.65 and a one year high of $75.55. The company has a market cap of $132.39 billion, a P/E ratio of 31.19, a PEG ratio of 1.09 and a beta of 1.01. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43. The business’s 50-day simple moving average is $70.30 and its 200-day simple moving average is $64.40.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be issued a $0.25 dividend. The ex-dividend date is Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.34%. Charles Schwab’s payout ratio is currently 41.84%.

Analyst Ratings Changes

Several research firms recently issued reports on SCHW. The Goldman Sachs Group reiterated a “neutral” rating and issued a $71.00 price objective (up previously from $70.00) on shares of Charles Schwab in a report on Wednesday, January 3rd. Piper Sandler boosted their price objective on Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Morgan Stanley upped their price target on Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Raymond James cut their price target on Charles Schwab from $78.00 to $75.00 and set an “outperform” rating on the stock in a report on Thursday, January 18th. Finally, JMP Securities restated a “market outperform” rating and set a $80.00 price target on shares of Charles Schwab in a report on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Charles Schwab presently has an average rating of “Hold” and an average price target of $74.47.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Sweet Financial Partners LLC boosted its position in shares of Charles Schwab by 3.5% in the 1st quarter. Sweet Financial Partners LLC now owns 4,430 shares of the financial services provider’s stock valued at $320,000 after purchasing an additional 150 shares during the period. Ironwood Financial llc boosted its position in shares of Charles Schwab by 1.6% in the 1st quarter. Ironwood Financial llc now owns 10,186 shares of the financial services provider’s stock valued at $737,000 after purchasing an additional 160 shares during the period. Courier Capital LLC boosted its position in shares of Charles Schwab by 0.4% in the 4th quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider’s stock valued at $3,133,000 after purchasing an additional 161 shares during the period. Sugarloaf Wealth Management LLC boosted its position in shares of Charles Schwab by 60.0% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 165 shares during the period. Finally, Sculati Wealth Management LLC boosted its position in shares of Charles Schwab by 0.4% in the 4th quarter. Sculati Wealth Management LLC now owns 42,971 shares of the financial services provider’s stock valued at $2,956,000 after purchasing an additional 165 shares during the period. Hedge funds and other 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.