Christopher V. Dodds Sells 9,284 Shares of The Charles Schwab Co. (NYSE:SCHW) Stock

The Charles Schwab Co. (NYSE:SCHW) Director Christopher V. Dodds sold 9,284 shares of Charles Schwab stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $81.43, for a total value of $755,996.12. Following the completion of the sale, the director now directly owns 442,807 shares in the company, valued at $36,057,774.01. This represents a 2.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Charles Schwab Trading Up 0.6 %

Shares of SCHW opened at $81.25 on Friday. The stock has a fifty day moving average of $70.55 and a two-hundred day moving average of $69.85. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The company has a market capitalization of $144.60 billion, a PE ratio of 31.74, a price-to-earnings-growth ratio of 1.74 and a beta of 0.96. The Charles Schwab Co. has a fifty-two week low of $55.59 and a fifty-two week high of $82.50.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.02. The company had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.78 billion. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. Charles Schwab’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.77 EPS. As a group, analysts forecast that The Charles Schwab Co. will post 3.12 EPS for the current year.

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 1.23%. Charles Schwab’s dividend payout ratio (DPR) is presently 39.06%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Citigroup decreased their price target on Charles Schwab from $75.00 to $72.00 and set a “neutral” rating on the stock in a research note on Friday, September 27th. Morgan Stanley boosted their price target on Charles Schwab from $68.00 to $74.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Bank of America decreased their price target on Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a research note on Wednesday, October 16th. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a research note on Wednesday, October 16th. Finally, Cowen boosted their price target on Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $74.18.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Sculati Wealth Management LLC increased its holdings in shares of Charles Schwab by 0.7% during the 3rd quarter. Sculati Wealth Management LLC now owns 42,988 shares of the financial services provider’s stock worth $2,786,000 after buying an additional 315 shares during the last quarter. Anchor Investment Management LLC increased its holdings in shares of Charles Schwab by 11.2% during the 3rd quarter. Anchor Investment Management LLC now owns 36,229 shares of the financial services provider’s stock worth $2,348,000 after buying an additional 3,637 shares during the last quarter. Sunbelt Securities Inc. increased its holdings in shares of Charles Schwab by 4.8% during the 3rd quarter. Sunbelt Securities Inc. now owns 10,950 shares of the financial services provider’s stock worth $710,000 after buying an additional 498 shares during the last quarter. Coldstream Capital Management Inc. increased its holdings in shares of Charles Schwab by 3.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 19,277 shares of the financial services provider’s stock worth $1,280,000 after buying an additional 653 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Charles Schwab by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 30,141,441 shares of the financial services provider’s stock worth $1,945,614,000 after buying an additional 445,304 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

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.