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

The Charles Schwab Co. (NYSE:SCHW) Director Carolyn Schwab-Pomerantz sold 7,482 shares of Charles Schwab stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $73.47, for a total transaction of $549,702.54. Following the transaction, the director now directly owns 1,719,399 shares in the company, valued at $126,324,244.53. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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 shares were sold at an average price of $70.87, for a total value of $637,830.00.
• On Wednesday, February 28th, Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock. The stock was sold at an average price of $65.29, for a total value of $587,610.00.

Charles Schwab Stock Up 1.1 %

SCHW stock opened at $74.26 on Tuesday. The stock has a 50-day simple moving average of $68.77 and a two-hundred day simple moving average of $63.35. The Charles Schwab Co. has a twelve month low of $45.65 and a twelve month high of $74.98. The firm has a market capitalization of $131.88 billion, a PE ratio of 31.07, a PEG ratio of 1.07 and a beta of 1.01. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $1.00 annualized dividend and a yield of 1.35%. Charles Schwab’s dividend payout ratio is currently 41.84%.

Institutional Trading of Charles Schwab

A number of hedge funds and other institutional investors have recently bought and sold shares of SCHW. Price T Rowe Associates Inc. MD grew its position in shares of Charles Schwab by 33.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 69,360,233 shares of the financial services provider’s stock valued at $4,771,985,000 after purchasing an additional 17,369,091 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Charles Schwab by 4.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 30,994,967 shares of the financial services provider’s stock worth $2,132,454,000 after buying an additional 1,219,015 shares in the last quarter. Fisher Asset Management LLC grew its position in Charles Schwab by 1.6% during the fourth quarter. Fisher Asset Management LLC now owns 18,627,667 shares of the financial services provider’s stock worth $1,281,584,000 after buying an additional 296,317 shares in the last quarter. Invesco Ltd. increased its stake in Charles Schwab by 3.3% in the 3rd quarter. Invesco Ltd. now owns 15,560,924 shares of the financial services provider’s stock worth $854,295,000 after acquiring an additional 502,304 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of Charles Schwab by 2.3% during the 3rd quarter. Northern Trust Corp now owns 15,550,474 shares of the financial services provider’s stock valued at $853,721,000 after acquiring an additional 356,112 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

Wall Street Analysts Forecast Growth

SCHW has been the subject of a number of research analyst reports. StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Barclays upped their price objective on Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 16th. Bank of America raised their target price on Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a research report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft upped their price target on Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Finally, Citigroup lifted their price objective on Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Charles Schwab has an average rating of “Hold” and a consensus target price of $74.47.

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.