The Charles Schwab Co. (NYSE:SCHW) Insider Jonathan S. Beatty Sells 2,300 Shares

The Charles Schwab Co. (NYSE:SCHW) insider Jonathan S. Beatty sold 2,300 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $82.01, for a total transaction of $188,623.00. Following the sale, the insider now directly owns 18,069 shares in the company, valued at $1,481,838.69. This trade represents a 11.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Charles Schwab Stock Performance

Shares of SCHW stock opened at $82.60 on Thursday. The Charles Schwab Co. has a 52 week low of $55.59 and a 52 week high of $82.65. 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’s 50 day moving average price is $71.66 and its two-hundred day moving average price is $69.94. The company has a market capitalization of $147.00 billion, a P/E ratio of 32.27, a price-to-earnings-growth ratio of 1.77 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.02. The firm had revenue of $4.85 billion for 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%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the business posted $0.77 EPS. On average, analysts expect that The Charles Schwab Co. will post 3.12 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend was Friday, November 8th. Charles Schwab’s dividend payout ratio (DPR) is currently 39.06%.

Institutional Trading of Charles Schwab

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. boosted its holdings in Charles Schwab by 15.0% during the third quarter. Franklin Resources Inc. now owns 24,261,234 shares of the financial services provider’s stock worth $1,644,674,000 after purchasing an additional 3,157,923 shares during the last quarter. Synovus Financial Corp lifted its position in Charles Schwab by 46.0% during the 3rd quarter. Synovus Financial Corp now owns 67,889 shares of the financial services provider’s stock worth $4,400,000 after buying an additional 21,377 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of Charles Schwab by 8.4% during the 3rd quarter. Tidal Investments LLC now owns 119,185 shares of the financial services provider’s stock worth $7,724,000 after buying an additional 9,245 shares during the last quarter. Wilmington Savings Fund Society FSB grew its holdings in shares of Charles Schwab by 69.0% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 74,073 shares of the financial services provider’s stock valued at $4,801,000 after acquiring an additional 30,237 shares in the last quarter. Finally, Sfmg LLC increased its position in shares of Charles Schwab by 2.5% in the third quarter. Sfmg LLC now owns 58,542 shares of the financial services provider’s stock valued at $3,794,000 after acquiring an additional 1,444 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SCHW. Cowen increased their price objective on Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th. Keefe, Bruyette & Woods raised their price target on Charles Schwab from $76.00 to $81.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. JMP Securities boosted their price objective on Charles Schwab from $82.00 to $84.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 16th. Morgan Stanley raised their target price on shares of Charles Schwab from $68.00 to $74.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Finally, Citigroup dropped their price target on shares of Charles Schwab from $75.00 to $72.00 and set a “neutral” rating for the company in a research note on Friday, September 27th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, Charles Schwab presently has an average rating of “Hold” and a consensus price target of $74.18.

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.