The Charles Schwab Co. (NYSE:SCHW) Director Carolyn Schwab-Pomerantz Sells 9,000 Shares

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

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 stock was sold at an average price of $65.29, for a total value of $587,610.00.

Charles Schwab Stock Up 2.0 %

NYSE SCHW opened at $72.41 on Thursday. The firm has a market cap of $128.42 billion, a PE ratio of 28.32, a price-to-earnings-growth ratio of 1.37 and a beta of 1.00. The Charles Schwab Co. has a one year low of $45.65 and a one year high of $72.94. The stock’s 50 day simple moving average is $65.43 and its 200 day simple moving average is $61.18. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share (EPS) 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 quarter in the prior year, the business earned $1.07 EPS. The business’s revenue for the quarter was down 18.9% compared to the same quarter last year. As a group, sell-side analysts forecast that The Charles Schwab Co. will post 3.33 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.38%. The ex-dividend date was Thursday, February 8th. Charles Schwab’s dividend payout ratio is 39.37%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Keefe, Bruyette & Woods cut Charles Schwab from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $75.00 to $70.00 in a research report on Thursday, January 18th. Citigroup cut Charles Schwab from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $75.00 to $70.00 in a research report on Wednesday, January 10th. The Goldman Sachs Group reissued a “neutral” rating and set a $71.00 price objective (up previously from $70.00) on shares of Charles Schwab in a research report on Wednesday, January 3rd. Redburn Atlantic assumed coverage on Charles Schwab in a research report on Friday, December 1st. They set a “sell” rating and a $52.00 price objective for the company. Finally, StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $71.12.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. HighPoint Advisor Group LLC acquired a new position in Charles Schwab during the 4th quarter worth $3,199,000. Napatree Capital LLC acquired a new position in shares of Charles Schwab in the 4th quarter valued at $811,000. Ariston Services Group acquired a new position in shares of Charles Schwab in the 4th quarter valued at $412,000. Hennessy Advisors Inc. lifted its stake in shares of Charles Schwab by 55.6% in the 4th quarter. Hennessy Advisors Inc. now owns 14,000 shares of the financial services provider’s stock valued at $963,000 after purchasing an additional 5,000 shares during the period. Finally, MONECO Advisors LLC acquired a new position in shares of Charles Schwab in the 4th quarter valued at $228,000. Institutional investors and hedge funds 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.