The Charles Schwab Co. (NYSE:SCHW) Director Carolyn Schwab-Pomerantz Sells 9,000 Shares of Stock

The Charles Schwab Co. (NYSE:SCHW) Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total value of $576,450.00. Following the completion of the transaction, the director now directly owns 554,929 shares of the company’s stock, valued at approximately $35,543,202.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Carolyn Schwab-Pomerantz also recently made the following trade(s):

• On Thursday, August 15th, Carolyn Schwab-Pomerantz sold 12,320 shares of Charles Schwab stock. The shares were sold at an average price of $65.10, for a total value of $802,032.00.
• On Friday, July 19th, Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock. The stock was sold at an average price of $61.96, for a total value of $557,640.00.

Charles Schwab Stock Performance

NYSE:SCHW opened at $65.38 on Friday. The Charles Schwab Co. has a twelve month low of $48.66 and a twelve month high of $79.49. The company has a market cap of $116.27 billion, a P/E ratio of 27.36, a P/E/G ratio of 1.19 and a beta of 0.97. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.65. The company’s 50-day moving average price is $64.28 and its 200-day moving average price is $69.93.

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, topping analysts’ consensus estimates of $0.72 by $0.01. The business had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.68 billion. Charles Schwab had a net margin of 26.30% and a return on equity of 18.14%. The business’s revenue was up .7% on a year-over-year basis. During the same period last year, the company posted $0.75 EPS. On average, sell-side analysts forecast that The Charles Schwab Co. will post 3.05 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Friday, August 9th. Charles Schwab’s payout ratio is currently 41.84%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SCHW. Morgan Stanley decreased their target price on shares of Charles Schwab from $71.00 to $70.00 and set an “equal weight” rating for the company in a research note on Friday, August 16th. Barclays decreased their price objective on shares of Charles Schwab from $77.00 to $68.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 17th. Bank of America lowered their target price on shares of Charles Schwab from $72.00 to $66.00 and set an “underperform” rating on the stock in a research note on Wednesday, July 17th. Wells Fargo & Company began coverage on Charles Schwab in a research note on Thursday, September 12th. They issued an “equal weight” rating and a $70.00 price target for the company. Finally, Jefferies Financial Group increased their price target on Charles Schwab from $85.00 to $88.00 and gave the stock a “buy” rating in a research report on Monday, July 8th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $73.75.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Country Trust Bank purchased a new stake in shares of Charles Schwab during the 2nd quarter valued at approximately $26,000. Fortitude Family Office LLC raised its position in Charles Schwab by 97.5% in the second quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 192 shares during the period. American Capital Advisory LLC acquired a new position in shares of Charles Schwab in the 2nd quarter valued at $27,000. CGC Financial Services LLC purchased a new position in shares of Charles Schwab during the 2nd quarter worth $29,000. Finally, Mizuho Securities Co. Ltd. acquired a new stake in shares of Charles Schwab during the 2nd quarter worth about $29,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

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.