Paul V. Woolway Sells 8,614 Shares of The Charles Schwab Co. (NYSE:SCHW) Stock

The Charles Schwab Co. (NYSE:SCHW - Get Free Report) insider Paul V. Woolway sold 8,614 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $80.00, for a total transaction of $689,120.00. Following the completion of the transaction, the insider now owns 49,204 shares in the company, valued at approximately $3,936,320. This trade represents a 14.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Charles Schwab Trading Up 0.2 %

SCHW traded up $0.14 during trading on Monday, reaching $77.95. 575,810 shares of the company's stock were exchanged, compared to its average volume of 8,821,305. The firm has a fifty day moving average price of $79.55 and a two-hundred day moving average price of $75.45. The stock has a market capitalization of $141.36 billion, a PE ratio of 26.05, a price-to-earnings-growth ratio of 0.99 and a beta of 0.98. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $84.50. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59.

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

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Charles Schwab Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.39%. This is an increase from Charles Schwab's previous quarterly dividend of $0.25. The ex-dividend date was Friday, February 14th. Charles Schwab's dividend payout ratio (DPR) is 36.12%.

Institutional Trading of Charles Schwab

Several institutional investors have recently added to or reduced their stakes in the stock. Murphy & Mullick Capital Management Corp bought a new stake in shares of Charles Schwab in the 4th quarter valued at $38,000. Atala Financial Inc acquired a new position in Charles Schwab in the fourth quarter valued at $41,000. Knuff & Co LLC lifted its holdings in Charles Schwab by 1,309.3% in the fourth quarter. Knuff & Co LLC now owns 606 shares of the financial services provider's stock valued at $45,000 after buying an additional 563 shares during the period. Financial Life Planners bought a new stake in Charles Schwab during the fourth quarter valued at $46,000. Finally, Whipplewood Advisors LLC acquired a new stake in Charles Schwab during the 4th quarter worth about $46,000. 84.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on SCHW shares. Wells Fargo & Company upgraded Charles Schwab from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $89.00 to $93.00 in a research note on Wednesday, January 22nd. Redburn Partners decreased their price target on shares of Charles Schwab from $70.00 to $68.00 and set a "sell" rating on the stock in a research note on Friday, January 17th. Barclays raised their price target on shares of Charles Schwab from $95.00 to $96.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 22nd. TD Cowen upgraded shares of Charles Schwab from a "hold" rating to a "buy" rating and increased their target price for the stock from $88.00 to $103.00 in a research report on Tuesday, February 18th. Finally, Citigroup lifted their price target on shares of Charles Schwab from $80.00 to $85.00 and gave the company a "neutral" rating in a research report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Charles Schwab presently has a consensus rating of "Hold" and an average target price of $86.33.

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.