The Charles Schwab Co. (NYSE:SCHW - Get Free Report) Director Carolyn Schwab-Pomerantz sold 13,113 shares of the company's stock in a transaction on Monday, May 6th. The stock was sold at an average price of $76.38, for a total value of $1,001,570.94. Following the transaction, the director now directly owns 1,700,886 shares in the company, valued at approximately $129,913,672.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Carolyn Schwab-Pomerantz also recently made the following trade(s):
- On Thursday, April 18th, Carolyn Schwab-Pomerantz sold 7,482 shares of Charles Schwab stock. The stock was sold at an average price of $73.47, for a total value of $549,702.54.
- On Thursday, March 21st, Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock. The stock was sold at an average price of $70.87, for a total transaction of $637,830.00.
- On Wednesday, February 28th, Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock. The shares were sold at an average price of $65.29, for a total value of $587,610.00.
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NYSE:SCHW opened at $76.40 on Thursday. The firm has a market capitalization of $135.68 billion, a price-to-earnings ratio of 31.96, a price-to-earnings-growth ratio of 1.11 and a beta of 0.98. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82. The Charles Schwab Co. has a twelve month low of $46.55 and a twelve month high of $77.05. The stock's 50 day moving average price is $71.20 and its two-hundred day moving average price is $65.15.
Charles Schwab (NYSE:SCHW - Get 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. Charles Schwab had a net margin of 26.14% and a return on equity of 19.86%. The firm had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.71 billion. Equities research analysts expect that The Charles Schwab Co. will post 3.42 earnings per share for the current fiscal year.
Charles Schwab Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Thursday, May 9th. Charles Schwab's dividend payout ratio (DPR) is presently 41.84%.
Analyst Ratings Changes
A number of analysts have recently commented on SCHW shares. Raymond James lowered their price target on Charles Schwab from $78.00 to $75.00 and set an "outperform" rating for the company in a research note on Thursday, January 18th. Barclays lifted their target price on Charles Schwab from $74.00 to $75.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 16th. Piper Sandler increased their price target on Charles Schwab from $75.00 to $78.00 and gave the stock an "overweight" rating in a report on Friday, April 12th. JPMorgan Chase & Co. lifted their price objective on Charles Schwab from $86.00 to $89.00 and gave the company an "overweight" rating in a report on Tuesday, April 16th. Finally, JMP Securities reissued a "market outperform" rating and set a $80.00 target price on shares of Charles Schwab in a research note 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 company. According to MarketBeat, Charles Schwab currently has a consensus rating of "Hold" and an average price target of $74.47.
Get Our Latest Stock Report on SCHW
Institutional Trading of Charles Schwab
A number of hedge funds have recently made changes to their positions in the business. Providence Capital Advisors LLC bought a new position in Charles Schwab in the 3rd quarter valued at about $28,000. Sugarloaf Wealth Management LLC boosted its stake in Charles Schwab by 60.0% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 165 shares during the period. Frazier Financial Advisors LLC acquired a new position in Charles Schwab in the 4th quarter valued at $30,000. Wetzel Investment Advisors Inc. bought a new position in Charles Schwab during the 4th quarter worth $31,000. Finally, Tributary Capital Management LLC acquired a new stake in shares of Charles Schwab during the first quarter worth $31,000. 84.38% of the stock is owned by institutional investors and hedge funds.
Charles Schwab Company Profile
(
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.
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