Paul V. Woolway Sells 9,887 Shares of The Charles Schwab Co. (NYSE:SCHW) Stock

The Charles Schwab Co. (NYSE:SCHW) insider Paul V. Woolway sold 9,887 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $75.38, for a total value of $745,282.06. Following the sale, the insider now directly owns 47,931 shares of the company’s stock, valued at approximately $3,613,038.78. This represents a 17.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Charles Schwab Price Performance

Shares of NYSE SCHW opened at $74.58 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The company’s 50-day moving average price is $78.50 and its 200 day moving average price is $73.99. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $84.50. The stock has a market cap of $135.25 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 0.99 and a beta of 0.98.

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

Charles Schwab Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.27 per share. This is an increase 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 yield of 1.45%. Charles Schwab’s dividend payout ratio (DPR) is presently 36.12%.

Analysts Set New Price Targets

Several research firms have recently commented on SCHW. Truist Financial upped their price target on Charles Schwab from $90.00 to $91.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. raised their target price on shares of Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. UBS Group boosted their price target on shares of Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. TD Cowen upgraded shares of Charles Schwab from a “hold” rating to a “buy” rating and raised their price objective for the company from $88.00 to $103.00 in a research report on Tuesday, February 18th. Finally, Morgan Stanley boosted their target price on Charles Schwab from $84.00 to $91.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $86.33.

Institutional Trading of Charles Schwab

Institutional investors and hedge funds have recently made changes to their positions in the stock. Catalina Capital Group LLC boosted its stake in shares of Charles Schwab by 14.4% during the 3rd quarter. Catalina Capital Group LLC now owns 3,868 shares of the financial services provider’s stock worth $251,000 after purchasing an additional 488 shares during the last quarter. M&G PLC lifted its stake in shares of Charles Schwab by 4.0% during the third quarter. M&G PLC now owns 146,129 shares of the financial services provider’s stock valued at $9,498,000 after buying an additional 5,600 shares during the period. Financial Enhancement Group LLC acquired a new stake in Charles Schwab during the third quarter worth approximately $4,244,000. Graypoint LLC grew its stake in Charles Schwab by 8.2% in the 3rd quarter. Graypoint LLC now owns 8,828 shares of the financial services provider’s stock worth $572,000 after acquiring an additional 670 shares during the period. Finally, Advisor Resource Council acquired a new position in Charles Schwab in the 3rd quarter valued at $312,000. 84.38% of the stock is currently 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.