The Charles Schwab Co. (NYSE:SCHW) Chairman Charles R. Schwab Sells 59,906 Shares of Stock

The Charles Schwab Co. (NYSE:SCHW) Chairman Charles R. Schwab sold 59,906 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $74.78, for a total transaction of $4,479,770.68. Following the completion of the sale, the chairman now owns 61,038,701 shares of the company’s stock, valued at approximately $4,564,474,060.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Charles Schwab Stock Down 0.8 %

SCHW stock opened at $73.94 on Wednesday. The stock has a market capitalization of $131.32 billion, a P/E ratio of 30.94, a PEG ratio of 1.10 and a beta of 1.01. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43. The Charles Schwab Co. has a one year low of $45.65 and a one year high of $75.55. The company has a 50 day moving average price of $70.09 and a two-hundred day moving average price of $64.33.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be paid a $0.25 dividend. The ex-dividend date is Thursday, May 9th. This represents a $1.00 annualized dividend and a yield of 1.35%. Charles Schwab’s payout ratio is currently 41.84%.

Wall Street Analyst Weigh In

SCHW has been the subject of a number of research analyst reports. Raymond James dropped their target price on shares of Charles Schwab from $78.00 to $75.00 and set an “outperform” rating for the company in a report on Thursday, January 18th. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a report on Friday, March 15th. TD Cowen increased their target price on shares of Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. JMP Securities reaffirmed a “market outperform” rating and issued a $80.00 target price on shares of Charles Schwab in a report on Tuesday, April 16th. Finally, Morgan Stanley raised their price objective on shares of Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Two analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $74.47.

Institutional Trading of Charles Schwab

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Sweet Financial Partners LLC grew its stake 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 worth $320,000 after acquiring an additional 150 shares during the period. Ironwood Financial llc grew its stake in Charles Schwab by 1.6% in the 1st quarter. Ironwood Financial llc now owns 10,186 shares of the financial services provider’s stock worth $737,000 after acquiring an additional 160 shares during the period. Courier Capital LLC grew its stake in Charles Schwab by 0.4% in the 4th quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider’s stock worth $3,133,000 after acquiring an additional 161 shares during the period. Sugarloaf Wealth Management LLC grew its stake in Charles Schwab by 60.0% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 165 shares during the period. Finally, Sculati Wealth Management LLC boosted its holdings in shares of Charles Schwab by 0.4% in the 4th quarter. Sculati Wealth Management LLC now owns 42,971 shares of the financial services provider’s stock valued at $2,956,000 after purchasing an additional 165 shares during the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

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.