Rep. Josh Gottheimer Sells Off Shares of The Charles Schwab Co. (NYSE:SCHW)

Representative Josh Gottheimer (D-New Jersey) recently sold shares of The Charles Schwab Co. NYSE: SCHW. In a filing disclosed on March 06th, the Representative disclosed that they had sold between $1,001 and $15,000 in Charles Schwab stock on February 21st. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.

Representative Josh Gottheimer also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of The Goldman Sachs Group NYSE: GS on 2/28/2025.
• Purchased $1,001 - $15,000 in shares of Visa NYSE: V on 2/28/2025.
• Sold $1,001 - $15,000 in shares of Block NYSE: XYZ on 2/27/2025.
• Sold $1,001 - $15,000 in shares of KKR & Co. Inc. NYSE: KKR on 2/27/2025.
• Sold $1,001 - $15,000 in shares of Blackstone NYSE: BX on 2/27/2025.
• Sold $1,001 - $15,000 in shares of Paragon 28 NYSE: FNA on 2/27/2025.
• Sold $1,001 - $15,000 in shares of KKR & Co. Inc. NYSE: KKR on 2/26/2025.
• Purchased $1,001 - $15,000 in shares of Fiserv NYSE: FI on 2/26/2025.
• Sold $1,001 - $15,000 in shares of Blackstone NYSE: BX on 2/26/2025.
• Sold $1,001 - $15,000 in shares of Vertiv NYSE: VRT on 2/25/2025.

Charles Schwab Trading Down 1.3 %

Shares of Charles Schwab stock traded down $0.99 during trading on Friday, reaching $74.58. The company's stock had a trading volume of 12,013,673 shares, compared to its average volume of 12,083,828. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $84.50. The company has a market cap of $135.25 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 0.99 and a beta of 0.98. The firm's 50-day moving average is $78.50 and its two-hundred day moving average is $73.92. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.

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Charles Schwab (NYSE:SCHW - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.11. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The company had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5.19 billion. During the same period in the prior year, the business posted $0.68 EPS. The firm's revenue was up 19.5% compared to the same quarter last year. On average, sell-side analysts anticipate that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.27 dividend. This is a boost from Charles Schwab's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.45%. Charles Schwab's dividend payout ratio is 36.12%.

Insider Activity at Charles Schwab

In other news, insider Paul V. Woolway sold 3,380 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $79.32, for a total transaction of $268,101.60. Following the sale, the insider now owns 57,818 shares of the company's stock, valued at $4,586,123.76. This trade represents a 5.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the firm's stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total transaction of $1,181,690.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 501,087 shares of company stock valued at $40,952,233. 6.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on SCHW shares. Barclays upped their price target on shares of Charles Schwab from $95.00 to $96.00 and gave the company an "overweight" rating in a report on Wednesday, January 22nd. JPMorgan Chase & Co. upped their price target on shares of Charles Schwab from $87.00 to $93.00 and gave the company an "overweight" rating in a report on Tuesday, January 7th. JMP Securities reiterated a "market outperform" rating and set a $94.00 price target (up from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. Keefe, Bruyette & Woods upped their price objective on shares of Charles Schwab from $81.00 to $93.00 and gave the stock an "outperform" rating in a report on Friday, December 20th. Finally, Redburn Partners decreased their price objective on shares of Charles Schwab from $70.00 to $68.00 and set a "sell" rating for the company in a report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $86.33.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Catalyst Capital Advisors LLC purchased a new stake in Charles Schwab during the 3rd quarter valued at about $188,000. HF Advisory Group LLC grew its position in Charles Schwab by 24.5% during the 3rd quarter. HF Advisory Group LLC now owns 37,377 shares of the financial services provider's stock valued at $2,422,000 after purchasing an additional 7,348 shares during the last quarter. Hixon Zuercher LLC grew its position in Charles Schwab by 1.3% during the 3rd quarter. Hixon Zuercher LLC now owns 49,434 shares of the financial services provider's stock valued at $3,204,000 after purchasing an additional 626 shares during the last quarter. Catalina Capital Group LLC grew its position in Charles Schwab by 14.4% during the 3rd quarter. Catalina Capital Group LLC now owns 3,868 shares of the financial services provider's stock valued at $251,000 after purchasing an additional 488 shares during the last quarter. Finally, Radnor Capital Management LLC purchased a new stake in Charles Schwab during the 3rd quarter valued at about $6,081,000. 84.38% of the stock is currently owned by institutional investors.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2026 election. Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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.