Paul V. Woolway Sells 3,380 Shares of The Charles Schwab Co. (NYSE:SCHW) Stock

The Charles Schwab Co. (NYSE:SCHW - Get Free Report) insider Paul V. Woolway sold 3,380 shares of Charles Schwab stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $77.43, for a total value of $261,713.40. Following the completion of the sale, the insider now directly owns 45,824 shares of the company's stock, valued at approximately $3,548,152.32. The trade was a 6.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Charles Schwab Price Performance

NYSE:SCHW traded down $5.80 on Friday, reaching $69.07. 25,464,103 shares of the company's stock traded hands, compared to its average volume of 9,007,459. The firm has a market cap of $125.26 billion, a PE ratio of 23.10, a P/E/G ratio of 0.99 and a beta of 0.91. 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 stock has a 50-day simple moving average of $79.09 and a 200-day simple moving average of $75.73. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $84.50.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter last year, the company earned $0.68 EPS. The firm's quarterly revenue was up 19.5% on a year-over-year basis. Equities research analysts forecast that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

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Charles Schwab Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.08 annualized dividend and a yield of 1.56%. This is a boost from Charles Schwab's previous quarterly dividend of $0.25. Charles Schwab's payout ratio is presently 36.12%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. increased its stake in Charles Schwab by 0.6% in the 3rd quarter. Principal Financial Group Inc. now owns 6,673,901 shares of the financial services provider's stock worth $432,536,000 after acquiring an additional 38,201 shares during the last quarter. United Bank increased its position in Charles Schwab by 13.0% in the third quarter. United Bank now owns 11,352 shares of the financial services provider's stock worth $736,000 after purchasing an additional 1,309 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in Charles Schwab during the third quarter valued at $202,000. Benjamin Edwards Inc. lifted its position in Charles Schwab by 2,840.7% during the third quarter. Benjamin Edwards Inc. now owns 6,146 shares of the financial services provider's stock valued at $398,000 after purchasing an additional 5,937 shares during the last quarter. Finally, Hilltop Holdings Inc. grew its stake in shares of Charles Schwab by 71.4% in the 3rd quarter. Hilltop Holdings Inc. now owns 12,647 shares of the financial services provider's stock worth $820,000 after buying an additional 5,267 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on SCHW shares. Truist Financial dropped their price target on shares of Charles Schwab from $91.00 to $85.00 and set a "buy" rating on the stock in a report on Friday. Keefe, Bruyette & Woods lifted their target price on shares of Charles Schwab from $81.00 to $93.00 and gave the stock an "outperform" rating in a research report on Friday, December 20th. Morgan Stanley increased their price target on Charles Schwab from $84.00 to $91.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. Piper Sandler lifted their price objective on Charles Schwab from $65.00 to $70.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. Finally, JMP Securities reissued a "market outperform" rating and issued a $94.00 target price (up previously from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $86.94.

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.