Charles Schwab (NYSE:SCHW) Trading Down 1.9% – Time to Sell?

The Charles Schwab Co. (NYSE:SCHW)’s share price traded down 1.9% during trading on Wednesday . The company traded as low as $81.59 and last traded at $81.59. 6,075,354 shares were traded during trading, a decline of 42% from the average session volume of 10,387,343 shares. The stock had previously closed at $83.20.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SCHW. Keefe, Bruyette & Woods raised their target price on shares of Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Raymond James dropped their price target on Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. Truist Financial raised their price objective on Charles Schwab from $90.00 to $91.00 and gave the stock a “buy” rating in a report on Tuesday. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Finally, The Goldman Sachs Group boosted their price objective on Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $84.56.

Charles Schwab Price Performance

The company has a market capitalization of $145.83 billion, a price-to-earnings ratio of 27.42, a price-to-earnings-growth ratio of 1.02 and a beta of 0.99. The business has a 50-day moving average price of $78.04 and a two-hundred day moving average price of $72.11. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW) last issued 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 the consensus estimate of $5.19 billion. During the same quarter last year, the company earned $0.68 EPS. The firm’s revenue was up 19.5% compared to the same quarter last year. As a group, research analysts anticipate that The Charles Schwab Co. will post 4.18 EPS for the current year.

Charles Schwab Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.32%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s payout ratio is currently 33.44%.

Insider Buying and Selling at Charles Schwab

In related news, General Counsel Peter J. Morgan III sold 14,643 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total transaction of $1,181,690.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christopher V. Dodds sold 9,284 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $81.43, for a total value of $755,996.12. Following the transaction, the director now directly owns 442,807 shares of the company’s stock, valued at approximately $36,057,774.01. The trade was a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 47,514 shares of company stock valued at $3,859,731. Company insiders own 6.60% of the company’s stock.

Institutional Trading of Charles Schwab

A number of institutional investors have recently made changes to their positions in SCHW. Washington Trust Advisors Inc. raised its holdings in shares of Charles Schwab by 62.6% during the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 149 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Charles Schwab in the third quarter valued at $25,000. Prospera Private Wealth LLC acquired a new stake in Charles Schwab in the third quarter valued at $31,000. Hazlett Burt & Watson Inc. acquired a new stake in Charles Schwab in the third quarter valued at $33,000. Finally, Planning Capital Management Corp purchased a new position in shares of Charles Schwab during the third quarter worth about $33,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

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.