Carolyn Schwab-Pomerantz Sells 7,482 Shares of The Charles Schwab Co. (NYSE:SCHW) Stock

The Charles Schwab Co. (NYSE:SCHW) Director Carolyn Schwab-Pomerantz sold 7,482 shares of the firm’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $73.47, for a total transaction of $549,702.54. Following the completion of the transaction, the director now directly owns 1,719,399 shares of the company’s stock, valued at approximately $126,324,244.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Carolyn Schwab-Pomerantz also recently made the following trade(s):

• 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.

Charles Schwab Stock Performance

Shares of NYSE SCHW opened at $75.24 on Wednesday. The Charles Schwab Co. has a one year low of $45.65 and a one year high of $75.37. The firm has a market cap of $133.62 billion, a price-to-earnings ratio of 31.48, a P/E/G ratio of 1.07 and a beta of 1.01. The stock’s fifty day moving average price is $69.02 and its two-hundred day moving average price is $63.52. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SCHW shares. JMP Securities reiterated a “market outperform” rating and set a $80.00 price objective on shares of Charles Schwab in a research note on Tuesday, April 16th. Piper Sandler increased their price target on shares of Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Barclays raised their target price on shares of Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 16th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $71.00 price target (up previously from $70.00) on shares of Charles Schwab in a research report on Wednesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $74.47.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Busey Bank raised its position in Charles Schwab by 1.3% during the first quarter. Busey Bank now owns 208,252 shares of the financial services provider’s stock valued at $15,065,000 after purchasing an additional 2,662 shares in the last quarter. Sky Investment Group LLC grew its position in Charles Schwab by 37.1% during the 1st quarter. Sky Investment Group LLC now owns 4,585 shares of the financial services provider’s stock worth $332,000 after acquiring an additional 1,240 shares during the last quarter. Milestone Asset Management LLC acquired a new position in Charles Schwab in the 1st quarter worth about $333,000. Global Retirement Partners LLC raised its holdings in Charles Schwab by 7.3% in the 1st quarter. Global Retirement Partners LLC now owns 22,116 shares of the financial services provider’s stock valued at $1,600,000 after buying an additional 1,513 shares during the last quarter. Finally, Sweet Financial Partners LLC raised its stake in shares of Charles Schwab by 3.5% during the first quarter. Sweet Financial Partners LLC now owns 4,430 shares of the financial services provider’s stock valued at $320,000 after acquiring an additional 150 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

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.