Insider Selling: The Charles Schwab Co. (NYSE:SCHW) Director Sells 7,482 Shares of Stock

The Charles Schwab Co. (NYSE:SCHW) Director Carolyn Schwab-Pomerantz sold 7,482 shares of Charles Schwab stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $73.47, for a total value 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 approximately $126,324,244.53. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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 value 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 value of $587,610.00.

Charles Schwab Stock Up 1.1 %

SCHW stock traded up $0.83 during midday trading on Monday, hitting $74.26. The stock had a trading volume of 8,846,175 shares, compared to its average volume of 7,779,816. The Charles Schwab Co. has a 52-week low of $45.65 and a 52-week high of $74.98. The firm has a market cap of $131.88 billion, a price-to-earnings ratio of 31.07, a price-to-earnings-growth ratio of 1.07 and a beta of 1.01. The business has a 50-day moving average of $68.77 and a two-hundred day moving average of $63.35. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.35%. Charles Schwab’s dividend payout ratio is currently 41.84%.

Institutional Investors Weigh In On Charles Schwab

Institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC lifted its holdings in Charles Schwab by 49.0% in the third quarter. International Assets Investment Management LLC now owns 10,382 shares of the financial services provider’s stock valued at $565,000 after acquiring an additional 3,412 shares during the period. Ritholtz Wealth Management lifted its holdings in Charles Schwab by 81.9% in the third quarter. Ritholtz Wealth Management now owns 13,596 shares of the financial services provider’s stock valued at $746,000 after acquiring an additional 6,121 shares during the period. HB Wealth Management LLC lifted its holdings in Charles Schwab by 3.7% in the third quarter. HB Wealth Management LLC now owns 23,300 shares of the financial services provider’s stock valued at $1,279,000 after acquiring an additional 823 shares during the period. Relyea Zuckerberg Hanson LLC raised its stake in shares of Charles Schwab by 4.7% in the third quarter. Relyea Zuckerberg Hanson LLC now owns 4,816 shares of the financial services provider’s stock worth $264,000 after buying an additional 217 shares during the period. Finally, Capital Investment Advisors LLC raised its stake in shares of Charles Schwab by 5.1% in the third quarter. Capital Investment Advisors LLC now owns 5,239 shares of the financial services provider’s stock worth $288,000 after buying an additional 256 shares during the period. 84.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on SCHW shares. Citigroup lifted their target price on Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $71.00 target price (up previously from $70.00) on shares of Charles Schwab in a report on Wednesday, January 3rd. Bank of America lifted their target price on Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a report on Tuesday, April 16th. Piper Sandler lifted their target price on Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Finally, JMP Securities reissued a “market outperform” rating and set a $80.00 price objective on shares of Charles Schwab in a report on Tuesday, April 16th. Two equities research 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.com, Charles Schwab currently has an average rating of “Hold” and an average target price 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.