Charles Schwab (NYSE:SCHW) Trading Down 1% on Insider Selling

The Charles Schwab Co. (NYSE:SCHW) shares dropped 1% during mid-day trading on Thursday following insider selling activity. The company traded as low as $74.00 and last traded at $74.43. Approximately 1,174,740 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 7,692,344 shares. The stock had previously closed at $75.19.

Specifically, CFO Peter B. Crawford sold 8,000 shares of Charles Schwab stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $64.76, for a total transaction of $518,080.00. Following the completion of the sale, the chief financial officer now directly owns 29,611 shares of the company’s stock, valued at approximately $1,917,608.36. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CFO Peter B. Crawford sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $64.76, for a total transaction of $518,080.00. Following the completion of the sale, the chief financial officer now owns 29,611 shares in the company, valued at approximately $1,917,608.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Peter B. Crawford sold 5,481 shares of Charles Schwab stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $75.51, for a total transaction of $413,870.31. Following the sale, the chief financial officer now owns 60,567 shares in the company, valued at $4,573,414.17. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 394,648 shares of company stock valued at $27,400,905. 6.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on SCHW. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. TD Cowen upped their price target on shares of Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Keefe, Bruyette & Woods increased 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 note on Tuesday, April 16th. JPMorgan Chase & Co. lifted their price objective on shares of Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. Finally, 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. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $74.47.

Charles Schwab Trading Up 0.1 %

The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82. The company has a market cap of $133.19 billion, a price-to-earnings ratio of 31.38, a P/E/G ratio of 1.10 and a beta of 1.01. The business has a fifty day simple moving average of $69.68 and a 200 day simple moving average of $63.84.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.33%. Charles Schwab’s payout ratio is 41.84%.

Institutional Investors Weigh In On Charles Schwab

Institutional investors and hedge funds have recently modified their holdings of the company. Providence Capital Advisors LLC purchased a new position in Charles Schwab during the 3rd quarter valued at about $28,000. Sugarloaf Wealth Management LLC increased its stake in shares of Charles Schwab by 60.0% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 165 shares in the last quarter. Frazier Financial Advisors LLC acquired a new position in shares of Charles Schwab during the 4th quarter worth approximately $30,000. Wetzel Investment Advisors Inc. purchased a new stake in Charles Schwab in the 4th quarter valued at approximately $31,000. Finally, Tributary Capital Management LLC acquired a new stake in Charles Schwab during the 1st quarter valued at $31,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Company Profile

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.