The Charles Schwab Co. (NYSE:SCHW) Insider Jonathan S. Beatty Sells 2,300 Shares

The Charles Schwab Co. (NYSE:SCHW) insider Jonathan S. Beatty sold 2,300 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $82.01, for a total value of $188,623.00. Following the completion of the sale, the insider now owns 18,069 shares of the company’s stock, valued at approximately $1,481,838.69. This trade represents a 11.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Charles Schwab Price Performance

Shares of NYSE SCHW opened at $82.60 on Friday. The firm’s 50-day simple moving average is $72.02 and its 200 day simple moving average is $70.03. The stock has a market cap of $147.00 billion, a P/E ratio of 32.27, a P/E/G ratio of 1.79 and a beta of 0.96. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The Charles Schwab Co. has a fifty-two week low of $55.59 and a fifty-two week high of $82.65.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The firm had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the prior year, the firm posted $0.77 earnings per share. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities analysts expect that The Charles Schwab Co. will post 3.12 EPS for the current year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.21%. Charles Schwab’s payout ratio is currently 39.06%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SCHW shares. Cowen upped their target price on shares of Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th. The Goldman Sachs Group lifted their price objective on Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Barclays upped their price target on shares of Charles Schwab from $64.00 to $74.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Raymond James cut their price objective on Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. Finally, Citigroup reduced their price objective on Charles Schwab from $75.00 to $72.00 and set a “neutral” rating on the stock in a research note on Friday, September 27th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $74.18.

Institutional Trading of Charles Schwab

Large investors have recently added to or reduced their stakes in the business. Washington Trust Advisors Inc. grew its holdings in shares of Charles Schwab by 62.6% in the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 149 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Charles Schwab during the third quarter valued at approximately $25,000. Country Trust Bank purchased a new stake in shares of Charles Schwab in the 2nd quarter valued at approximately $26,000. American Capital Advisory LLC purchased a new position in Charles Schwab during the 2nd quarter worth approximately $27,000. Finally, Fortitude Family Office LLC lifted its holdings in shares of Charles Schwab by 97.5% in the second quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 192 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors.

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.