Charles Schwab (NYSE:SCHW) Stock Price Down 1.1% on Insider Selling

Shares of The Charles Schwab Co. (NYSE:SCHWGet Free Report) fell 1.1% during mid-day trading on Tuesday after an insider sold shares in the company. The stock traded as low as $73.65 and last traded at $73.72. 404,362 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 7,339,386 shares. The stock had previously closed at $74.53.

Specifically, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $72.49, for a total value of $652,410.00. Following the completion of the transaction, the director now owns 570,657 shares of the company’s stock, valued at $41,366,925.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Peter B. Crawford sold 5,481 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $75.51, for a total value of $413,870.31. Following the completion of the transaction, the chief financial officer now owns 60,567 shares in the company, valued at approximately $4,573,414.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $72.49, for a total transaction of $652,410.00. Following the completion of the transaction, the director now owns 570,657 shares of the company’s stock, valued at approximately $41,366,925.93. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 658,663 shares of company stock worth $48,997,146. Company insiders own 6.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on SCHW. JPMorgan Chase & Co. lowered their target price on shares of Charles Schwab from $89.00 to $81.00 and set an “overweight” rating for the company in a report on Friday, May 31st. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $76.00 price target on shares of Charles Schwab in a report on Monday, June 17th. Bank of America boosted their price target on shares of Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a report on Tuesday, April 16th. Morgan Stanley boosted their price target on shares of Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Finally, Barclays boosted their price target on shares of Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a report on Tuesday, April 16th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $74.65.

Get Our Latest Report on SCHW

Charles Schwab Stock Performance

The stock’s 50-day simple moving average is $74.37 and its 200-day simple moving average is $69.59. The stock has a market cap of $131.25 billion, a price-to-earnings ratio of 30.85, a price-to-earnings-growth ratio of 1.13 and a beta of 0.96. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.69.

Charles Schwab (NYSE:SCHWGet Free Report) last posted its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.01. The business had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.71 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. Analysts forecast that The Charles Schwab Co. will post 3.25 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.35%. The ex-dividend date was Thursday, May 9th. Charles Schwab’s payout ratio is 41.84%.

Hedge Funds Weigh In On Charles Schwab

Several large investors have recently modified their holdings of the business. Nelson Capital Management LLC raised its stake in shares of Charles Schwab by 0.4% during the first quarter. Nelson Capital Management LLC now owns 37,726 shares of the financial services provider’s stock valued at $2,729,000 after acquiring an additional 141 shares during the last quarter. Abbrea Capital LLC grew its holdings in Charles Schwab by 2.5% in the first quarter. Abbrea Capital LLC now owns 5,777 shares of the financial services provider’s stock worth $418,000 after purchasing an additional 142 shares during the period. Sweet Financial Partners LLC grew its holdings in Charles Schwab by 3.5% in the first quarter. Sweet Financial Partners LLC now owns 4,430 shares of the financial services provider’s stock worth $320,000 after purchasing an additional 150 shares during the period. Ironwood Financial llc grew its holdings in Charles Schwab by 1.6% in the first quarter. Ironwood Financial llc now owns 10,186 shares of the financial services provider’s stock worth $737,000 after purchasing an additional 160 shares during the period. Finally, Courier Capital LLC grew its holdings in shares of Charles Schwab by 0.4% during the fourth quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider’s stock valued at $3,133,000 after buying an additional 161 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

About Charles Schwab

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Charles Schwab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charles Schwab and related companies with MarketBeat.com's FREE daily email newsletter.