Charles Schwab Co. (NYSE:SCHW) Chairman Charles R. Schwab sold 65,056 shares of the company’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $33.19, for a total transaction of $2,159,208.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Charles Schwab stock opened at $33.15 on Friday. The firm has a market cap of $43.23 billion, a PE ratio of 13.93 and a beta of 1.25. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.42 and a current ratio of 0.42. The firm’s 50 day moving average price is $34.61 and its two-hundred day moving average price is $37.89. Charles Schwab Co. has a twelve month low of $28.00 and a twelve month high of $51.65.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Thursday, July 16th. The financial services provider reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.01. The firm had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.48 billion. Charles Schwab had a net margin of 31.48% and a return on equity of 16.88%. The company’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.66 EPS. Equities analysts anticipate that Charles Schwab Co. will post 2.14 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 7th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $0.72 annualized dividend and a yield of 2.17%. Charles Schwab’s dividend payout ratio is presently 26.47%.

A number of institutional investors have recently added to or reduced their stakes in SCHW. Wellington Management Group LLP increased its stake in Charles Schwab by 227.0% in the 1st quarter. Wellington Management Group LLP now owns 34,307,522 shares of the financial services provider’s stock valued at $1,153,419,000 after buying an additional 23,815,930 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Charles Schwab by 22.5% during the 1st quarter. JPMorgan Chase & Co. now owns 30,345,188 shares of the financial services provider’s stock worth $1,020,205,000 after purchasing an additional 5,568,071 shares during the last quarter. BlackRock Inc. increased its stake in shares of Charles Schwab by 5.7% during the 1st quarter. BlackRock Inc. now owns 91,681,742 shares of the financial services provider’s stock worth $3,082,342,000 after purchasing an additional 4,903,256 shares during the last quarter. Greenhaven Associates Inc. acquired a new position in Charles Schwab in the 2nd quarter valued at $123,612,000. Finally, Parnassus Investments CA grew its stake in Charles Schwab by 29.6% in the 1st quarter. Parnassus Investments CA now owns 15,252,546 shares of the financial services provider’s stock valued at $512,791,000 after buying an additional 3,486,934 shares during the last quarter. Hedge funds and other institutional investors own 85.13% of the company’s stock.

A number of brokerages have recently weighed in on SCHW. Argus reduced their price target on shares of Charles Schwab from $54.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, April 16th. Keefe, Bruyette & Woods lowered shares of Charles Schwab from an “outperform” rating to a “market perform” rating in a research note on Sunday, April 19th. Wells Fargo & Co increased their target price on shares of Charles Schwab from $34.00 to $35.00 and gave the company an “equal weight” rating in a research note on Friday, July 10th. Wolfe Research raised shares of Charles Schwab from an “underperform” rating to a “peer perform” rating and set a $36.00 target price for the company in a research note on Thursday, July 9th. Finally, TheStreet lowered shares of Charles Schwab from a “b-” rating to a “c” rating in a research note on Monday, July 27th. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $42.50.

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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