Insider Selling: Charles Schwab Co. (SCHW) Director Sells 4,356 Shares of Stock

Charles Schwab Co. (NYSE:SCHW) Director Stephen T. Mclin sold 4,356 shares of Charles Schwab stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $43.85, for a total transaction of $191,010.60. Following the completion of the transaction, the director now directly owns 7,592 shares in the company, valued at $332,909.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of NYSE:SCHW traded down $0.53 on Friday, reaching $43.21. 538,069 shares of the company were exchanged, compared to its average volume of 5,589,789. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.36. Charles Schwab Co. has a 1-year low of $37.83 and a 1-year high of $60.22. The stock has a market cap of $57.06 billion, a PE ratio of 17.63, a price-to-earnings-growth ratio of 1.96 and a beta of 1.33.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.03. Charles Schwab had a net margin of 35.27% and a return on equity of 20.47%. The business had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.67 billion. During the same period in the prior year, the company posted $0.55 EPS. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. Equities analysts anticipate that Charles Schwab Co. will post 2.77 earnings per share for the current year.

Charles Schwab announced that its board has approved a stock repurchase program on Wednesday, January 30th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to repurchase up to 6.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 29th. Investors of record on Wednesday, May 15th will be given a $0.17 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.68 annualized dividend and a dividend yield of 1.57%. Charles Schwab’s dividend payout ratio is presently 27.76%.

A number of equities analysts have recently commented on SCHW shares. Credit Suisse Group lifted their target price on shares of Charles Schwab from $50.00 to $54.00 and gave the company an “outperform” rating in a report on Thursday, January 17th. Zacks Investment Research raised shares of Charles Schwab from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research note on Thursday, February 7th. UBS Group cut shares of Charles Schwab from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $48.00 to $42.00 in a research note on Wednesday, February 20th. ValuEngine cut shares of Charles Schwab from a “hold” rating to a “sell” rating in a research note on Friday, February 22nd. Finally, Deutsche Bank lowered their price target on shares of Charles Schwab from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Friday, March 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $53.22.

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc boosted its position in shares of Charles Schwab by 0.9% in the 3rd quarter. Vanguard Group Inc now owns 88,586,138 shares of the financial services provider’s stock worth $4,354,008,000 after buying an additional 820,257 shares in the last quarter. Northern Trust Corp boosted its position in shares of Charles Schwab by 0.3% in the 1st quarter. Northern Trust Corp now owns 16,708,657 shares of the financial services provider’s stock worth $714,463,000 after buying an additional 52,865 shares in the last quarter. Parnassus Investments CA boosted its position in shares of Charles Schwab by 22.3% in the 4th quarter. Parnassus Investments CA now owns 15,623,778 shares of the financial services provider’s stock worth $648,856,000 after buying an additional 2,850,678 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Charles Schwab by 4.7% in the 1st quarter. Geode Capital Management LLC now owns 14,263,792 shares of the financial services provider’s stock worth $608,675,000 after buying an additional 636,547 shares in the last quarter. Finally, Harris Associates L P boosted its position in shares of Charles Schwab by 197.1% in the 4th quarter. Harris Associates L P now owns 13,940,097 shares of the financial services provider’s stock worth $578,932,000 after buying an additional 9,248,471 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

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About Charles Schwab

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.

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Insider Buying and Selling by Quarter for Charles Schwab (NYSE:SCHW)

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