Insider Selling: The Charles Schwab Co. (NYSE:SCHW) Insider Sells 1,150 Shares of Stock

The Charles Schwab Co. (NYSE:SCHW) insider Paul V. Woolway sold 1,150 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $65.20, for a total value of $74,980.00. Following the completion of the sale, the insider now owns 61,887 shares in the company, valued at $4,035,032.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Charles Schwab Price Performance

SCHW traded down $0.32 during trading on Friday, hitting $63.39. The company’s stock had a trading volume of 10,202,181 shares, compared to its average volume of 8,040,209. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.69. The Charles Schwab Co. has a twelve month low of $48.66 and a twelve month high of $79.49. The business’s fifty day simple moving average is $71.17 and its 200 day simple moving average is $69.98. The firm has a market capitalization of $112.66 billion, a price-to-earnings ratio of 26.52, a P/E/G ratio of 1.22 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.01. The business had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.68 billion. Charles Schwab had a return on equity of 18.65% and a net margin of 26.30%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter last year, the business posted $0.75 earnings per share. On average, equities research analysts forecast that The Charles Schwab Co. will post 3.09 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, August 9th will be issued a $0.25 dividend. The ex-dividend date is Friday, August 9th. This represents a $1.00 annualized dividend and a yield of 1.58%. Charles Schwab’s payout ratio is 41.84%.

Hedge Funds Weigh In On Charles Schwab

Hedge funds have recently modified their holdings of the business. Nelson Capital Management LLC grew its position 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 valued at $2,729,000 after acquiring an additional 141 shares in the last quarter. Abbrea Capital LLC grew its position 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 in the last quarter. Sweet Financial Partners LLC grew its position 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 valued at $320,000 after acquiring 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 worth $737,000 after buying an additional 160 shares in the last quarter. Finally, Ascent Wealth Partners LLC grew its position in shares of Charles Schwab by 0.7% during the second quarter. Ascent Wealth Partners LLC now owns 23,361 shares of the financial services provider’s stock worth $1,721,000 after buying an additional 164 shares in the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the company. Keefe, Bruyette & Woods raised Charles Schwab from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $76.00 to $84.00 in a research report on Monday, July 8th. Citigroup upped their price objective on Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. JMP Securities cut their price objective on Charles Schwab from $85.00 to $82.00 and set a “market outperform” rating on the stock in a research report on Tuesday, July 23rd. TD Cowen reaffirmed a “hold” rating and issued a $71.00 price objective (down previously from $88.00) on shares of Charles Schwab in a research report on Wednesday, July 17th. Finally, Bank of America cut their price objective on Charles Schwab from $72.00 to $66.00 and set an “underperform” rating on the stock in a research report on Wednesday, July 17th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $74.27.

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.