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 the company’s stock in a transaction dated 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 transaction, the director now owns 1,719,399 shares in the company, valued at approximately $126,324,244.53. The sale was disclosed in a legal filing with the SEC, which is available 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 Stock Performance

NYSE:SCHW opened at $74.26 on Tuesday. The stock has a 50-day simple moving average of $68.77 and a two-hundred day simple moving average of $63.35. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43. 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 capitalization of $131.88 billion, a PE ratio of 31.07, a P/E/G ratio of 1.07 and a beta of 1.01.

Charles Schwab Announces Dividend

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

Hedge Funds Weigh In On Charles Schwab

Large investors have recently added to or reduced their stakes in the company. Investment Research & Advisory Group Inc. lifted its stake in shares of Charles Schwab by 1.0% during the 4th quarter. Investment Research & Advisory Group Inc. now owns 58,979 shares of the financial services provider’s stock valued at $4,058,000 after buying an additional 607 shares in the last quarter. Bamco Inc. NY lifted its position in shares of Charles Schwab by 0.5% in the third quarter. Bamco Inc. NY now owns 8,102,475 shares of the financial services provider’s stock valued at $444,826,000 after acquiring an additional 42,588 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Charles Schwab by 43.2% in the third quarter. Nisa Investment Advisors LLC now owns 551,682 shares of the financial services provider’s stock worth $30,287,000 after acquiring an additional 166,316 shares during the period. Wright Investors Service Inc. grew its position in shares of Charles Schwab by 9.3% during the fourth quarter. Wright Investors Service Inc. now owns 47,164 shares of the financial services provider’s stock worth $3,245,000 after purchasing an additional 4,001 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Charles Schwab by 22.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 883,379 shares of the financial services provider’s stock valued at $60,776,000 after purchasing an additional 160,719 shares during the period. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on SCHW. JMP Securities reissued a “market outperform” rating and issued a $80.00 target price on shares of Charles Schwab in a report on Tuesday, April 16th. StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. TD Cowen lifted their price target on shares of Charles Schwab from $87.00 to $92.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. raised their target price on shares of Charles Schwab from $86.00 to $89.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. Finally, Morgan Stanley boosted their target price on shares of Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Two research 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $74.47.

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.