The Charles Schwab Co. (NYSE:SCHW) Chairman Sells $5,026,356.00 in Stock

The Charles Schwab Co. (NYSE:SCHW) Chairman Charles R. Schwab sold 65,790 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $76.40, for a total value of $5,026,356.00. Following the completion of the transaction, the chairman now directly owns 60,906,686 shares of the company’s stock, valued at approximately $4,653,270,810.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Charles Schwab Price Performance

Shares of NYSE:SCHW traded up $0.85 on Wednesday, hitting $76.40. The company’s stock had a trading volume of 5,189,835 shares, compared to its average volume of 7,574,732. The Charles Schwab Co. has a 1 year low of $46.55 and a 1 year high of $77.05. 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 company has a market capitalization of $135.68 billion, a PE ratio of 31.69, a PEG ratio of 1.11 and a beta of 0.98. The company has a 50-day simple moving average of $71.20 and a 200 day simple moving average of $65.15.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.01. The firm had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.71 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.86%. Sell-side analysts forecast that The Charles Schwab Co. will post 3.42 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.31%. The ex-dividend date is Thursday, May 9th. Charles Schwab’s dividend payout ratio is currently 41.84%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised their price objective on Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. JPMorgan Chase & Co. lifted their target price on Charles Schwab from $86.00 to $89.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. Barclays increased their price target on Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 16th. Bank of America lifted their target price on Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a report on Tuesday, April 16th. Finally, StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Charles Schwab currently has an average rating of “Hold” and a consensus target price of $74.47.

Hedge Funds Weigh In On Charles Schwab

Hedge funds and other institutional investors have recently modified their holdings of the company. Nelson Capital Management LLC boosted its stake in Charles Schwab by 0.4% in the 1st quarter. Nelson Capital Management LLC now owns 37,726 shares of the financial services provider’s stock worth $2,729,000 after purchasing an additional 141 shares during the period. Abbrea Capital LLC increased its holdings in Charles Schwab by 2.5% in the 1st quarter. Abbrea Capital LLC now owns 5,777 shares of the financial services provider’s stock valued at $418,000 after acquiring an additional 142 shares during the last quarter. Sweet Financial Partners LLC lifted its stake in Charles Schwab by 3.5% in the 1st quarter. Sweet Financial Partners LLC now owns 4,430 shares of the financial services provider’s stock worth $320,000 after purchasing an additional 150 shares in the last quarter. Ironwood Financial llc grew its position in shares of Charles Schwab by 1.6% during the first quarter. Ironwood Financial llc now owns 10,186 shares of the financial services provider’s stock valued at $737,000 after purchasing an additional 160 shares in the last quarter. Finally, Courier Capital LLC boosted its stake in Charles Schwab by 0.4% during the fourth quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider’s stock valued at $3,133,000 after buying an additional 161 shares during the last quarter. 84.38% of the stock is owned by 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.