The Charles Schwab Co. (NYSE:SCHW) Insider Sells $1,034,024.63 in Stock

The Charles Schwab Co. (NYSE:SCHW) insider Nigel J. Murtagh sold 12,739 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $81.17, for a total value of $1,034,024.63. Following the completion of the sale, the insider now owns 59,092 shares in the company, valued at approximately $4,796,497.64. This represents a 17.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Charles Schwab Stock Performance

Shares of Charles Schwab stock opened at $82.60 on Friday. The business has a 50-day moving average of $72.02 and a 200 day moving average of $70.03. The Charles Schwab Co. has a 12 month low of $55.59 and a 12 month high of $82.65. The stock has a market capitalization of $147.00 billion, a price-to-earnings ratio of 32.27, a price-to-earnings-growth ratio of 1.77 and a beta of 0.96. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. The company had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.78 billion. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. Charles Schwab’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the business posted $0.77 EPS. As a group, sell-side analysts forecast that The Charles Schwab Co. will post 3.12 earnings per share for the current year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Friday, November 8th. Charles Schwab’s payout ratio is presently 39.06%.

Hedge Funds Weigh In On Charles Schwab

Several hedge funds and other institutional investors have recently made changes to their positions in SCHW. Dynasty Wealth Management LLC purchased a new position in shares of Charles Schwab in the 1st quarter valued at about $847,000. B. Riley Wealth Advisors Inc. boosted its stake in shares of Charles Schwab by 4.9% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 39,956 shares of the financial services provider’s stock valued at $2,890,000 after buying an additional 1,850 shares during the period. Tidal Investments LLC raised its position in shares of Charles Schwab by 29.4% during the 1st quarter. Tidal Investments LLC now owns 145,070 shares of the financial services provider’s stock worth $10,495,000 after acquiring an additional 32,986 shares in the last quarter. Comerica Bank raised its position in shares of Charles Schwab by 0.7% during the 1st quarter. Comerica Bank now owns 366,519 shares of the financial services provider’s stock worth $26,514,000 after acquiring an additional 2,491 shares in the last quarter. Finally, Semmax Financial Advisors Inc. raised its position in shares of Charles Schwab by 14.7% during the 1st quarter. Semmax Financial Advisors Inc. now owns 50,276 shares of the financial services provider’s stock worth $3,768,000 after acquiring an additional 6,429 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Analyst Ratings Changes

SCHW has been the topic of a number of recent analyst reports. Citigroup decreased their target price on Charles Schwab from $75.00 to $72.00 and set a “neutral” rating on the stock in a research report on Friday, September 27th. Barclays increased their target price on Charles Schwab from $64.00 to $74.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. JMP Securities increased their target price on Charles Schwab from $82.00 to $84.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group increased their target price on Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. increased their price objective on Charles Schwab from $86.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $74.18.

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.