Insider Selling: The Charles Schwab Co. (NYSE:SCHW) CFO Sells 5,481 Shares of Stock

The Charles Schwab Co. (NYSE:SCHW) CFO Peter B. Crawford sold 5,481 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $75.51, for a total transaction of $413,870.31. Following the completion of the transaction, the chief financial officer now owns 60,567 shares in the company, valued at $4,573,414.17. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Charles Schwab Stock Up 0.1 %

Shares of SCHW traded up $0.10 during mid-day trading on Friday, reaching $74.99. The company’s stock had a trading volume of 5,523,207 shares, compared to its average volume of 7,731,735. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43. The Charles Schwab Co. has a 12-month low of $45.65 and a 12-month high of $75.55. The company’s 50 day moving average is $69.47 and its 200 day moving average is $63.68. The stock has a market cap of $133.19 billion, a PE ratio of 31.38, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.00 annualized dividend and a yield of 1.33%. Charles Schwab’s dividend payout ratio is currently 41.84%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft increased their target price on Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. TD Cowen raised their price objective on shares of Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Morgan Stanley upped their target price on shares of Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Barclays raised their price target on shares of Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 16th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $80.00 price objective on shares of Charles Schwab in a research report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, 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 made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its holdings in shares of Charles Schwab by 33.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 69,360,233 shares of the financial services provider’s stock valued at $4,771,985,000 after acquiring an additional 17,369,091 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Charles Schwab by 4.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 30,994,967 shares of the financial services provider’s stock valued at $2,132,454,000 after purchasing an additional 1,219,015 shares during the period. Fisher Asset Management LLC raised its stake in shares of Charles Schwab by 1.6% during the fourth quarter. Fisher Asset Management LLC now owns 18,627,667 shares of the financial services provider’s stock worth $1,281,584,000 after purchasing an additional 296,317 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Charles Schwab by 3.3% during the third quarter. Invesco Ltd. now owns 15,560,924 shares of the financial services provider’s stock worth $854,295,000 after purchasing an additional 502,304 shares during the period. Finally, Northern Trust Corp grew its position in Charles Schwab by 2.3% in the 3rd quarter. Northern Trust Corp now owns 15,550,474 shares of the financial services provider’s stock valued at $853,721,000 after buying an additional 356,112 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

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.