The Charles Schwab Co. (NYSE:SCHW) Director Sells $705,690.00 in Stock

The Charles Schwab Co. (NYSE:SCHW) Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $78.41, for a total transaction of $705,690.00. Following the completion of the sale, the director now directly owns 574,257 shares in the company, valued at $45,027,491.37. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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 shares were 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 shares were 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 Trading Down 0.1 %

SCHW opened at $72.27 on Friday. The firm has a market capitalization of $128.44 billion, a P/E ratio of 30.24, a P/E/G ratio of 1.06 and a beta of 0.98. The firm’s 50 day moving average is $73.61 and its 200-day moving average is $67.16. The Charles Schwab Co. has a 52-week low of $48.66 and a 52-week high of $79.49. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.69.

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, topping analysts’ consensus estimates of $0.73 by $0.01. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. The business had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.71 billion. Analysts expect that The Charles Schwab Co. will post 3.37 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Thursday, May 9th. Charles Schwab’s payout ratio is currently 41.84%.

Analyst Upgrades and Downgrades

SCHW has been the topic of several recent analyst reports. Citigroup increased their price objective on shares of Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Charles Schwab from $86.00 to $83.00 and set a “buy” rating on the stock in a report on Thursday. StockNews.com lowered shares of Charles Schwab from a “hold” rating to a “sell” rating in a report on Friday. Piper Sandler raised their price target on shares of Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Finally, Barclays raised their price target on shares of Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a report on Tuesday, April 16th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $75.12.

Institutional Trading of Charles Schwab

Hedge funds have recently made changes to their positions in the stock. WealthPlan Investment Management LLC acquired a new position in Charles Schwab in the third quarter worth $1,458,000. Main Street Financial Solutions LLC lifted its stake in Charles Schwab by 15.5% in the third quarter. Main Street Financial Solutions LLC now owns 7,480 shares of the financial services provider’s stock valued at $411,000 after buying an additional 1,005 shares during the last quarter. Private Advisor Group LLC lifted its stake in Charles Schwab by 9.0% in the third quarter. Private Advisor Group LLC now owns 104,479 shares of the financial services provider’s stock valued at $5,736,000 after buying an additional 8,643 shares during the last quarter. Larson Financial Group LLC lifted its stake in Charles Schwab by 522.3% in the third quarter. Larson Financial Group LLC now owns 2,234 shares of the financial services provider’s stock valued at $123,000 after buying an additional 1,875 shares during the last quarter. Finally, Certuity LLC bought a new stake in Charles Schwab in the third quarter valued at $269,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Company Profile

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.