The Charles Schwab Co. (NYSE:SCHW) Director Sells $699,397.36 in Stock

The Charles Schwab Co. (NYSE:SCHW) Director Arun Sarin sold 8,548 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total value of $699,397.36. Following the sale, the director now directly owns 18,617 shares in the company, valued at approximately $1,523,242.94. This represents a 31.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Charles Schwab Stock Performance

NYSE:SCHW opened at $82.13 on Thursday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The stock’s fifty day moving average is $77.86 and its 200 day moving average is $70.92. The firm has a market capitalization of $146.17 billion, a PE ratio of 27.47, a PEG ratio of 1.46 and a beta of 0.99. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $83.35.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.11. The firm had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The business’s revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the business earned $0.68 EPS. On average, sell-side analysts anticipate that The Charles Schwab Co. will post 4.09 earnings per share for the current year.

Charles Schwab Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.27 per share. 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 1.31%. Charles Schwab’s dividend payout ratio is currently 33.44%.

Wall Street Analyst Weigh In

SCHW has been the topic of several recent analyst reports. UBS Group lifted 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. Morgan Stanley boosted their target price on shares of Charles Schwab from $74.00 to $84.00 and gave the stock an “equal weight” rating in a report on Friday, January 17th. Raymond James cut their target price on shares of Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Finally, Redburn Partners cut their price objective on Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a research report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $84.11.

Institutional Investors Weigh In On Charles Schwab

Several hedge funds and other institutional investors have recently modified their holdings of SCHW. Avestar Capital LLC grew its position in Charles Schwab by 20.0% in the 4th quarter. Avestar Capital LLC now owns 8,039 shares of the financial services provider’s stock valued at $595,000 after acquiring an additional 1,339 shares during the last quarter. Raab & Moskowitz Asset Management LLC bought a new position in shares of Charles Schwab in the fourth quarter worth about $607,000. Three Bridge Wealth Advisors LLC purchased a new position in Charles Schwab in the 4th quarter worth about $216,000. Naples Global Advisors LLC lifted its holdings in Charles Schwab by 2.3% during the 4th quarter. Naples Global Advisors LLC now owns 71,789 shares of the financial services provider’s stock valued at $5,313,000 after buying an additional 1,608 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC lifted its holdings in Charles Schwab by 6.0% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 5,285 shares of the financial services provider’s stock valued at $391,000 after buying an additional 299 shares in the last quarter. 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.