Charles Schwab (NYSE:SCHW) Shares Down 1% Following Insider Selling

Shares of The Charles Schwab Co. (NYSE:SCHW) fell 1% on Thursday after an insider sold shares in the company. The stock traded as low as $74.00 and last traded at $74.43. 1,174,740 shares traded hands during trading, a decline of 85% from the average session volume of 7,692,344 shares. The stock had previously closed at $75.19.

Specifically, General Counsel Peter J. Morgan III sold 24,520 shares of the company’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $72.23, for a total value of $1,771,079.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, General Counsel Peter J. Morgan III sold 24,520 shares of the stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $72.23, for a total transaction of $1,771,079.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Charles R. Schwab sold 58,500 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $64.60, for a total transaction of $3,779,100.00. Following the sale, the chairman now directly owns 61,192,538 shares in the company, valued at $3,953,037,954.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 389,167 shares of company stock valued at $26,987,035. 6.60% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on SCHW shares. Bank of America increased their target price on shares of Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Keefe, Bruyette & Woods upped their price target on shares of Charles Schwab from $75.00 to $76.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. upped their price target on shares of Charles Schwab from $86.00 to $89.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. Finally, Barclays upped their price target on shares of Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $74.47.

Charles Schwab Stock Performance

The firm’s 50 day moving average price is $69.47 and its two-hundred day moving average price is $63.68. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43. The firm has a market cap of $132.96 billion, a PE ratio of 31.32, a PEG ratio of 1.10 and a beta of 1.01.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be paid a $0.25 dividend. The ex-dividend date is Thursday, May 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.34%. Charles Schwab’s dividend payout ratio (DPR) is 41.84%.

Institutional Trading of Charles Schwab

Several hedge funds have recently made changes to their positions in SCHW. Capital Investment Advisors LLC grew its stake in shares of Charles Schwab by 5.1% in the 3rd quarter. Capital Investment Advisors LLC now owns 5,239 shares of the financial services provider’s stock valued at $288,000 after buying an additional 256 shares during the period. Meridian Wealth Management LLC boosted its position in shares of Charles Schwab by 109.3% during the 3rd quarter. Meridian Wealth Management LLC now owns 13,470 shares of the financial services provider’s stock worth $739,000 after purchasing an additional 7,034 shares during the period. Strategic Blueprint LLC boosted its position in shares of Charles Schwab by 3.5% during the 3rd quarter. Strategic Blueprint LLC now owns 9,423 shares of the financial services provider’s stock worth $517,000 after purchasing an additional 320 shares during the period. CX Institutional boosted its position in shares of Charles Schwab by 9.5% during the 3rd quarter. CX Institutional now owns 9,953 shares of the financial services provider’s stock worth $546,000 after purchasing an additional 866 shares during the period. Finally, Coastline Trust Co boosted its position in shares of Charles Schwab by 67.9% during the 3rd quarter. Coastline Trust Co now owns 24,300 shares of the financial services provider’s stock worth $1,334,000 after purchasing an additional 9,825 shares during the period. Hedge funds and other institutional investors 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.