Insider Selling: The Charles Schwab Co. (NYSE:SCHW) Insider Sells 77,431 Shares of Stock

The Charles Schwab Co. (NYSE:SCHW) insider Bernard J. Clark sold 77,431 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $70.94, for a total transaction of $5,492,955.14. Following the completion of the sale, the insider now directly owns 121,666 shares in the company, valued at approximately $8,630,986.04. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Charles Schwab Trading Up 1.9 %

SCHW traded up $1.35 during mid-day trading on Thursday, reaching $71.88. The stock had a trading volume of 6,731,058 shares, compared to its average volume of 7,585,917. The stock has a market capitalization of $127.75 billion, a P/E ratio of 30.08, a P/E/G ratio of 1.07 and a beta of 0.98. The Charles Schwab Co. has a 52 week low of $48.66 and a 52 week high of $79.49. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.42 and a current ratio of 0.42. The firm’s fifty day simple moving average is $73.77 and its two-hundred day simple moving average is $67.63.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. The firm had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.71 billion. Charles Schwab had a return on equity of 19.25% and a net margin of 26.14%. On average, equities analysts predict that The Charles Schwab Co. will post 3.31 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were issued a $0.25 dividend. The ex-dividend date was Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.39%. Charles Schwab’s dividend payout ratio is presently 41.84%.

Analyst Ratings Changes

SCHW has been the topic of a number of analyst reports. Bank of America upped their target price on shares of Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a research note on Tuesday, April 16th. UBS Group boosted their price target on Charles Schwab from $87.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Citigroup increased their price objective on Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Morgan Stanley boosted their target price on shares of Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $75.12.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SCHW. Tributary Capital Management LLC acquired a new position in shares of Charles Schwab in the 1st quarter valued at approximately $31,000. Sugarloaf Wealth Management LLC increased its position in shares of Charles Schwab by 60.0% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 165 shares in the last quarter. Frazier Financial Advisors LLC bought a new stake in shares of Charles Schwab during the fourth quarter worth $30,000. Wetzel Investment Advisors Inc. bought a new stake in Charles Schwab in the 4th quarter valued at $31,000. Finally, Hall Laurie J Trustee acquired a new position in Charles Schwab in the 4th quarter worth $34,000. 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.