Insider Selling: The Charles Schwab Co. (NYSE:SCHW) Insider Sells 3,380 Shares of Stock

The Charles Schwab Co. (NYSE:SCHW) insider Paul V. Woolway sold 3,380 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $79.32, for a total value of $268,101.60. Following the completion of the transaction, the insider now directly owns 57,818 shares in the company, valued at approximately $4,586,123.76. This represents a 5.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Charles Schwab Price Performance

Shares of SCHW stock opened at $76.88 on Thursday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The company has a market cap of $139.42 billion, a P/E ratio of 25.71, a P/E/G ratio of 0.99 and a beta of 0.98. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.50. The business has a fifty day simple moving average of $78.49 and a 200 day simple moving average of $73.85.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.90 by $0.11. The firm had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period last year, the company earned $0.68 earnings per share. On average, sell-side analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.27 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.40%. Charles Schwab’s dividend payout ratio (DPR) is currently 36.12%.

Hedge Funds Weigh In On Charles Schwab

Several large investors have recently bought and sold shares of the company. Total Wealth Planning & Management Inc. bought a new position in Charles Schwab in the fourth quarter valued at about $580,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Charles Schwab during the fourth quarter worth about $82,351,000. Bernard Wealth Management Corp. bought a new position in shares of Charles Schwab during the fourth quarter worth about $275,000. Pinnacle Wealth Planning Services Inc. raised its position in shares of Charles Schwab by 10.9% during the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 5,794 shares of the financial services provider’s stock worth $429,000 after acquiring an additional 568 shares during the last quarter. Finally, Capital A Wealth Management LLC bought a new position in shares of Charles Schwab during the fourth quarter worth about $406,000. 84.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on SCHW shares. Wells Fargo & Company raised Charles Schwab from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $89.00 to $93.00 in a report on Wednesday, January 22nd. JMP Securities reissued a “market outperform” rating and set a $94.00 target price (up from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. TD Cowen raised Charles Schwab from a “hold” rating to a “buy” rating and increased their target price for the stock from $88.00 to $103.00 in a report on Tuesday, February 18th. Redburn Partners reduced their target price on Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a report on Friday, January 17th. Finally, Truist Financial increased their target price on Charles Schwab from $90.00 to $91.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $86.33.

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.