The Charles Schwab Co. (NYSE:SCHW) Director Christopher V. Dodds Sells 9,284 Shares of Stock

The Charles Schwab Co. (NYSE:SCHW) Director Christopher V. Dodds sold 9,284 shares of Charles Schwab stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $81.43, for a total value of $755,996.12. Following the completion of the transaction, the director now owns 442,807 shares of the company’s stock, valued at approximately $36,057,774.01. The trade was a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Charles Schwab Stock Performance

Shares of NYSE SCHW opened at $80.46 on Thursday. The Charles Schwab Co. has a 1 year low of $55.42 and a 1 year high of $82.50. The firm has a market cap of $143.19 billion, a P/E ratio of 31.43, a PEG ratio of 1.74 and a beta of 0.96. The stock has a fifty day moving average price of $69.79 and a two-hundred day moving average price of $69.74. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.02. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The business had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same quarter last year, the business posted $0.77 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. Research analysts forecast that The Charles Schwab Co. will post 3.12 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a $0.25 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.24%. Charles Schwab’s dividend payout ratio is currently 39.06%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised their price target on Charles Schwab from $77.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Wells Fargo & Company raised their target price on Charles Schwab from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Barclays upped their price target on shares of Charles Schwab from $64.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Jefferies Financial Group cut their price objective on shares of Charles Schwab from $79.00 to $73.00 and set a “buy” rating on the stock in a research report on Friday, October 4th. Finally, Piper Sandler boosted their target price on shares of Charles Schwab from $64.00 to $65.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Charles Schwab presently has a consensus rating of “Hold” and a consensus target price of $74.18.

Institutional Trading of Charles Schwab

Several institutional investors and hedge funds have recently added to or reduced their stakes in SCHW. Lake Street Advisors Group LLC grew its holdings in shares of Charles Schwab by 28.7% in the 1st quarter. Lake Street Advisors Group LLC now owns 13,187 shares of the financial services provider’s stock worth $954,000 after acquiring an additional 2,942 shares during the last quarter. Pitcairn Co. raised its holdings in Charles Schwab by 10.1% during the 1st quarter. Pitcairn Co. now owns 11,072 shares of the financial services provider’s stock worth $801,000 after buying an additional 1,015 shares during the period. Natixis acquired a new stake in Charles Schwab during the 1st quarter worth about $523,000. LGT Group Foundation lifted its stake in Charles Schwab by 4.6% during the first quarter. LGT Group Foundation now owns 12,361 shares of the financial services provider’s stock valued at $894,000 after buying an additional 545 shares in the last quarter. Finally, Delap Wealth Advisory LLC acquired a new position in shares of Charles Schwab in the first quarter worth about $325,000. 84.38% of the stock is owned by institutional investors and hedge funds.

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.