The Charles Schwab Co. (NYSE:SCHW) Insider Paul V. Woolway Sells 8,614 Shares

The Charles Schwab Co. (NYSE:SCHW) insider Paul V. Woolway sold 8,614 shares of the firm’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $80.00, for a total transaction of $689,120.00. Following the completion of the transaction, the insider now owns 49,204 shares in the company, valued at approximately $3,936,320. The trade was a 14.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Charles Schwab Price Performance

Shares of NYSE SCHW traded down $0.51 during mid-day trading on Thursday, reaching $79.63. 5,810,419 shares of the company traded hands, compared to its average volume of 8,447,325. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $84.50. The firm has a market cap of $144.42 billion, a PE ratio of 26.63, a price-to-earnings-growth ratio of 0.99 and a beta of 0.98. The stock has a fifty day simple moving average of $79.44 and a 200-day simple moving average of $75.14. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.19 billion. During the same period last year, the firm earned $0.68 EPS. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. Equities research analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.27 per share. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, February 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.36%. Charles Schwab’s dividend payout ratio (DPR) is 36.12%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SCHW. Principal Financial Group Inc. increased its stake in Charles Schwab by 0.6% in the 3rd quarter. Principal Financial Group Inc. now owns 6,673,901 shares of the financial services provider’s stock worth $432,536,000 after purchasing an additional 38,201 shares in the last quarter. United Bank increased its position in shares of Charles Schwab by 13.0% in the third quarter. United Bank now owns 11,352 shares of the financial services provider’s stock worth $736,000 after acquiring an additional 1,309 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Charles Schwab during the third quarter valued at approximately $270,000. Kingsview Wealth Management LLC lifted its position in shares of Charles Schwab by 7.6% in the 3rd quarter. Kingsview Wealth Management LLC now owns 6,747 shares of the financial services provider’s stock valued at $437,000 after acquiring an additional 477 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new position in Charles Schwab in the 3rd quarter worth approximately $88,000. Institutional investors own 84.38% of the company’s stock.

Wall Street Analysts Forecast Growth

SCHW has been the topic of a number of recent research reports. TD Cowen raised shares of Charles Schwab from a “hold” rating to a “buy” rating and raised their target price for the stock from $88.00 to $103.00 in a report on Tuesday, February 18th. Piper Sandler raised their price target on Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Citigroup upped their price objective on Charles Schwab from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. UBS Group raised their target price on Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Charles Schwab currently has a consensus rating of “Hold” and a consensus price target of $86.33.

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.