The Charles Schwab Co. (NYSE:SCHW) Director Sells $637,830.00 in Stock

The Charles Schwab Co. (NYSE:SCHW) Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $70.87, for a total value of $637,830.00. Following the completion of the transaction, the director now directly owns 581,457 shares of the company’s stock, valued at $41,207,857.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Carolyn Schwab-Pomerantz also recently made the following trade(s):

• On Wednesday, February 28th, Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock. The shares were sold at an average price of $65.29, for a total value of $587,610.00.

Charles Schwab Stock Up 2.0 %

SCHW opened at $72.41 on Thursday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82. The firm has a market cap of $128.42 billion, a P/E ratio of 28.32, a PEG ratio of 1.37 and a beta of 1.00. The Charles Schwab Co. has a 52 week low of $45.65 and a 52 week high of $72.94. The business’s fifty day simple moving average is $65.43 and its 200 day simple moving average is $61.18.

Charles Schwab (NYSE:SCHW) last released its earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.04. Charles Schwab had a return on equity of 21.33% and a net margin of 26.90%. The firm had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.49 billion. During the same period in the prior year, the business posted $1.07 earnings per share. The firm’s revenue for the quarter was down 18.9% compared to the same quarter last year. As a group, equities research analysts anticipate that The Charles Schwab Co. will post 3.33 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, February 8th. This represents a $1.00 annualized dividend and a yield of 1.38%. Charles Schwab’s dividend payout ratio (DPR) is presently 39.37%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SCHW shares. Deutsche Bank Aktiengesellschaft boosted their price objective on Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Keefe, Bruyette & Woods cut Charles Schwab from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $75.00 to $70.00 in a research note on Thursday, January 18th. Barclays upped their price objective on Charles Schwab from $64.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 21st. Redburn Atlantic began coverage on Charles Schwab in a report on Friday, December 1st. They set a “sell” rating and a $52.00 price objective on the stock. Finally, TD Cowen raised Charles Schwab from a “market perform” rating to an “outperform” rating and set a $87.00 price objective on the stock in a report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $71.12.

Hedge Funds Weigh In On Charles Schwab

Large investors have recently added to or reduced their stakes in the business. Providence Capital Advisors LLC purchased a new position in shares of Charles Schwab in the 3rd quarter worth about $28,000. Main Street Group LTD purchased a new position in shares of Charles Schwab in the 4th quarter worth about $29,000. Sugarloaf Wealth Management LLC raised its holdings in shares of Charles Schwab by 60.0% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after buying an additional 165 shares during the period. Frazier Financial Advisors LLC purchased a new stake in shares of Charles Schwab during the 4th quarter valued at about $30,000. Finally, Wetzel Investment Advisors Inc. purchased a new stake in shares of Charles Schwab during the 4th quarter valued at about $31,000. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

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.