The Charles Schwab Co. (NYSE:SCHW) Announces $0.25 Quarterly Dividend

The Charles Schwab Co. (NYSE:SCHW) announced a quarterly dividend on Wednesday, October 23rd, RTT News reports. Investors of record on Friday, November 8th will be given a dividend of 0.25 per share by the financial services provider on Friday, November 22nd. This represents a $1.00 annualized dividend and a yield of 1.32%. The ex-dividend date is Friday, November 8th.

Charles Schwab has increased its dividend payment by an average of 11.6% per year over the last three years. Charles Schwab has a dividend payout ratio of 26.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Charles Schwab to earn $3.83 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 26.1%.

Charles Schwab Stock Up 6.2 %

SCHW opened at $75.74 on Thursday. The stock has a fifty day moving average of $66.90 and a 200-day moving average of $69.49. The company has a market capitalization of $134.69 billion, a P/E ratio of 29.58, a P/E/G ratio of 1.63 and a beta of 0.96. Charles Schwab has a fifty-two week low of $53.49 and a fifty-two week high of $79.49. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.42 and a current ratio of 0.42.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.02. Charles Schwab had a net margin of 27.47% and a return on equity of 17.52%. The business had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same quarter in the previous year, the company earned $0.77 EPS. The business’s revenue was up 5.2% on a year-over-year basis. On average, equities analysts expect that Charles Schwab will post 3.11 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Morgan Stanley upped their target price on Charles Schwab from $68.00 to $74.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. Keefe, Bruyette & Woods raised their price target on Charles Schwab from $76.00 to $81.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Wells Fargo & Company upped their price objective on shares of Charles Schwab from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Finally, Raymond James reduced their price objective on shares of Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $73.94.

Insider Buying and Selling at Charles Schwab

In related news, Chairman Charles R. Schwab sold 62,345 shares of Charles Schwab stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $72.52, for a total transaction of $4,521,259.40. Following the sale, the chairman now directly owns 60,619,371 shares in the company, valued at $4,396,116,784.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total value of $576,450.00. Following the sale, the director now owns 554,929 shares in the company, valued at $35,543,202.45. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Charles R. Schwab sold 62,345 shares of the company’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $72.52, for a total value of $4,521,259.40. Following the completion of the transaction, the chairman now owns 60,619,371 shares of the company’s stock, valued at $4,396,116,784.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 113,465 shares of company stock worth $8,050,109. 6.60% of the stock is currently owned by insiders.

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.