Insider Selling: The Charles Schwab Co. (NYSE:SCHW) Insider Sells 9,887 Shares of Stock

The Charles Schwab Co. (NYSE:SCHW) insider Paul V. Woolway sold 9,887 shares of Charles Schwab stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $75.38, for a total value of $745,282.06. Following the sale, the insider now owns 47,931 shares in the company, valued at $3,613,038.78. This trade represents a 17.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Charles Schwab Price Performance

Charles Schwab stock opened at $74.58 on Friday. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $84.50. The business has a 50-day simple moving average of $78.50 and a 200 day simple moving average of $73.92. 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 stock has a market cap of $135.25 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 0.99 and a beta of 0.98.

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

Charles Schwab Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.27 dividend. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend was Friday, February 14th. Charles Schwab’s dividend payout ratio is presently 36.12%.

Hedge Funds Weigh In On Charles Schwab

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wood Tarver Financial Group LLC purchased a new position in shares of Charles Schwab in the 4th quarter worth about $186,000. Total Wealth Planning & Management Inc. purchased a new position in shares of Charles Schwab in the 4th quarter worth about $580,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Charles Schwab in the 4th quarter worth about $82,351,000. Bernard Wealth Management Corp. purchased a new position in shares of Charles Schwab in the 4th quarter worth about $275,000. Finally, Pinnacle Wealth Planning Services Inc. boosted its holdings in shares of Charles Schwab by 10.9% in the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 5,794 shares of the financial services provider’s stock worth $429,000 after purchasing an additional 568 shares in the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SCHW has been the topic of several research reports. Barclays boosted their target price on Charles Schwab from $95.00 to $96.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. UBS Group boosted their target price on Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Citigroup boosted their target price on Charles Schwab from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Redburn Partners lowered their target price on Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a research note on Friday, January 17th. Finally, Wells Fargo & Company upgraded Charles Schwab from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $89.00 to $93.00 in a research note on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target 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.