Charles Schwab (NYSE:SCHW) Stock Price Down 4.4% – Time to Sell?

The Charles Schwab Corporation (NYSE:SCHW)’s stock price traded down 4.4% during mid-day trading on Tuesday . The company traded as low as $102.98 and last traded at $102.2250. Approximately 1,183,668 shares traded hands during trading, a decline of 88% from the average session volume of 10,139,678 shares. The stock had previously closed at $106.88.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Weiss Ratings raised Charles Schwab from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, September 10th. Wolfe Research restated an “outperform” rating and set a $127.00 target price on shares of Charles Schwab in a research note on Tuesday, July 21st. Compass Point assumed coverage on shares of Charles Schwab in a report on Monday, August 3rd. They set a “buy” rating and a $135.00 price target on the stock. Zacks Research cut shares of Charles Schwab from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. Finally, UBS Group set a $135.00 price objective on shares of Charles Schwab in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Charles Schwab currently has an average rating of “Moderate Buy” and a consensus target price of $121.17.

Charles Schwab Stock Down 6.8%

The company’s 50 day moving average price is $107.05 and its two-hundred day moving average price is $97.74. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.52. The stock has a market cap of $172.35 billion, a P/E ratio of 18.12, a PEG ratio of 0.92 and a beta of 0.76.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.06. Charles Schwab had a net margin of 38.79% and a return on equity of 24.53%. The company had revenue of $7.07 billion during the quarter, compared to analyst estimates of $6.90 billion. During the same period in the previous year, the business posted $1.14 earnings per share. The firm’s quarterly revenue was up 20.9% compared to the same quarter last year. Equities analysts forecast that The Charles Schwab Corporation will post 6.46 earnings per share for the current year.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.3%. Charles Schwab’s payout ratio is presently 23.27%.

Insider Transactions at Charles Schwab

In other Charles Schwab news, Chairman Walter W. Bettinger sold 74,388 shares of the business’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $110.91, for a total transaction of $8,250,373.08. Following the completion of the sale, the chairman owned 610,360 shares of the company’s stock, valued at approximately $67,695,027.60. The trade was a 10.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jonathan S. Beatty sold 1,000 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $111.33, for a total value of $111,330.00. Following the completion of the sale, the insider owned 10,738 shares of the company’s stock, valued at approximately $1,195,461.54. The trade was a 8.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 649,582 shares of company stock worth $69,948,015 over the last three months. 6.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Charles Schwab

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Silicon Valley Capital Partners boosted its holdings in Charles Schwab by 24.6% in the 2nd quarter. Silicon Valley Capital Partners now owns 156,949 shares of the financial services provider’s stock worth $14,482,000 after buying an additional 30,981 shares during the period. Security National Bank of SO Dak purchased a new stake in Charles Schwab in the 2nd quarter worth $102,000. Anchor Investment Management LLC raised its holdings in Charles Schwab by 10.1% during the second quarter. Anchor Investment Management LLC now owns 42,549 shares of the financial services provider’s stock valued at $3,926,000 after acquiring an additional 3,917 shares during the period. Community Bank N.A. raised its holdings in Charles Schwab by 36.2% during the second quarter. Community Bank N.A. now owns 1,250 shares of the financial services provider’s stock valued at $115,000 after acquiring an additional 332 shares during the period. Finally, Pointe Capital Management LLC lifted its position in shares of Charles Schwab by 3.7% in the second quarter. Pointe Capital Management LLC now owns 5,461 shares of the financial services provider’s stock valued at $504,000 after acquiring an additional 197 shares in the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Charles Schwab Company Profile

The Charles Schwab Corporation is a financial services company that provides investment, wealth management and banking services to individual investors, financial professionals, employers and institutions. Its offerings include brokerage accounts, retirement accounts, investment advisory services, mutual funds, exchange-traded funds, stocks, bonds and other securities.

Through Charles Schwab Bank and related platforms, the company also provides deposit accounts, lending and cash-management services.