Insider Selling: The Charles Schwab Co. (NYSE:SCHW) Director Sells $549,702.54 in Stock

The Charles Schwab Co. (NYSE:SCHW) Director Carolyn Schwab-Pomerantz sold 7,482 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $73.47, for a total transaction of $549,702.54. Following the completion of the sale, the director now directly owns 1,719,399 shares of the company’s stock, valued at $126,324,244.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, March 21st, Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock. The stock was sold at an average price of $70.87, for a total transaction of $637,830.00.
• 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 transaction of $587,610.00.

Charles Schwab Price Performance

Shares of Charles Schwab stock opened at $75.20 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43. The Charles Schwab Co. has a fifty-two week low of $45.65 and a fifty-two week high of $75.55. The firm has a fifty day moving average price of $69.27 and a two-hundred day moving average price of $63.60. The company has a market cap of $133.56 billion, a PE ratio of 31.46, a price-to-earnings-growth ratio of 1.09 and a beta of 1.01.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.33%. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

Hedge Funds Weigh In On Charles Schwab

A number of hedge funds have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD raised its stake in shares of Charles Schwab by 33.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 69,360,233 shares of the financial services provider’s stock valued at $4,771,985,000 after buying an additional 17,369,091 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Charles Schwab by 4.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 30,994,967 shares of the financial services provider’s stock valued at $2,132,454,000 after buying an additional 1,219,015 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Charles Schwab by 1.6% in the 4th quarter. Fisher Asset Management LLC now owns 18,627,667 shares of the financial services provider’s stock valued at $1,281,584,000 after buying an additional 296,317 shares in the last quarter. Invesco Ltd. raised its stake in shares of Charles Schwab by 3.3% in the 3rd quarter. Invesco Ltd. now owns 15,560,924 shares of the financial services provider’s stock valued at $854,295,000 after buying an additional 502,304 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Charles Schwab by 2.3% in the 3rd quarter. Northern Trust Corp now owns 15,550,474 shares of the financial services provider’s stock valued at $853,721,000 after buying an additional 356,112 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on SCHW shares. Piper Sandler upped their price objective on shares of Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. JMP Securities reaffirmed a “market outperform” rating and set a $80.00 price objective on shares of Charles Schwab in a report on Tuesday, April 16th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $71.00 price objective (up from $70.00) on shares of Charles Schwab in a report on Wednesday, January 3rd. Bank of America upped their price objective on shares of Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a report on Tuesday, April 16th. Finally, Citigroup upped their price objective on shares of Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Charles Schwab currently has an average rating of “Hold” and a consensus price target of $74.47.

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.