Insider Selling: The Charles Schwab Co. (NYSE:SCHW) Director Sells 9,284 Shares of Stock

The Charles Schwab Co. (NYSE:SCHW) Director Christopher V. Dodds sold 9,284 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $81.43, for a total value of $755,996.12. Following the completion of the sale, the director now owns 442,807 shares of the company’s stock, valued at $36,057,774.01. The trade was a 2.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Charles Schwab Stock Performance

Shares of NYSE SCHW opened at $80.46 on Thursday. The business’s 50-day simple moving average is $69.79 and its 200-day simple moving average is $69.74. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The Charles Schwab Co. has a 52 week low of $55.42 and a 52 week high of $82.50. The firm has a market cap of $143.19 billion, a price-to-earnings ratio of 31.43, a P/E/G ratio of 1.74 and a beta of 0.96.

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

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 1.24%. Charles Schwab’s dividend payout ratio (DPR) is presently 39.06%.

Institutional Investors Weigh In On Charles Schwab

A number of hedge funds have recently bought and sold shares of the company. Sunbelt Securities Inc. increased its position in Charles Schwab by 4.8% in the 3rd quarter. Sunbelt Securities Inc. now owns 10,950 shares of the financial services provider’s stock worth $710,000 after buying an additional 498 shares during the period. Coldstream Capital Management Inc. increased its position in Charles Schwab by 3.5% during the third quarter. Coldstream Capital Management Inc. now owns 19,277 shares of the financial services provider’s stock worth $1,280,000 after acquiring an additional 653 shares during the period. Geode Capital Management LLC raised its stake in Charles Schwab by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 30,141,441 shares of the financial services provider’s stock valued at $1,945,614,000 after purchasing an additional 445,304 shares during the last quarter. Greenwood Gearhart Inc. boosted its holdings in Charles Schwab by 9.3% in the 3rd quarter. Greenwood Gearhart Inc. now owns 162,885 shares of the financial services provider’s stock valued at $10,557,000 after purchasing an additional 13,817 shares during the period. Finally, Brophy Wealth Management LLC acquired a new stake in Charles Schwab in the 3rd quarter worth $626,000. 84.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SCHW shares. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a research note on Wednesday, October 16th. Piper Sandler increased their price target on shares of Charles Schwab from $64.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group boosted their price objective on shares of Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Keefe, Bruyette & Woods upped their price objective on shares of Charles Schwab from $76.00 to $81.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, Jefferies Financial Group decreased their target price on shares of Charles Schwab from $79.00 to $73.00 and set a “buy” rating for the company in a research note on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average 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.