The Charles Schwab Co. (NYSE:SCHW) Chairman Sells $6,661,700.50 in Stock

The Charles Schwab Co. (NYSE:SCHW) Chairman Charles R. Schwab sold 89,275 shares of the stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $74.62, for a total value of $6,661,700.50. Following the completion of the sale, the chairman now owns 30,641,981 shares of the company’s stock, valued at $2,286,504,622.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Charles Schwab Stock Performance

Charles Schwab stock traded down $0.03 during midday trading on Wednesday, hitting $75.20. 6,037,326 shares of the company were exchanged, compared to its average volume of 7,776,370. The firm has a market capitalization of $133.56 billion, a PE ratio of 31.46, a price-to-earnings-growth ratio of 1.09 and a beta of 1.01. The Charles Schwab Co. has a fifty-two week low of $45.65 and a fifty-two week high of $75.55. The business has a fifty day simple moving average of $69.27 and a two-hundred day simple moving average of $63.60. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.33%. Charles Schwab’s dividend payout ratio (DPR) is 41.84%.

Analyst Upgrades and Downgrades

A number of research firms have commented on SCHW. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $71.00 price target (up from $70.00) on shares of Charles Schwab in a research note on Wednesday, January 3rd. JMP Securities reiterated a “market outperform” rating and issued a $80.00 price target on shares of Charles Schwab in a research note on Tuesday, April 16th. Barclays increased their price objective on Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a report on Tuesday, April 16th. Finally, Piper Sandler increased their price objective on Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $74.47.

Institutional Trading of Charles Schwab

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Providence Capital Advisors LLC purchased a new position in Charles Schwab during the third quarter worth approximately $28,000. Sugarloaf Wealth Management LLC boosted its position in Charles Schwab by 60.0% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 165 shares in the last quarter. Frazier Financial Advisors LLC purchased a new position in Charles Schwab during the fourth quarter worth approximately $30,000. Wetzel Investment Advisors Inc. purchased a new position in Charles Schwab during the fourth quarter worth approximately $31,000. Finally, Tributary Capital Management LLC purchased a new position in Charles Schwab during the first quarter worth approximately $31,000. 84.38% of the stock is owned by institutional investors and hedge funds.

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.