Charles Schwab (NYSE:SCHW) Insider Dennis Howard Sells 2,198 Shares of Stock

The Charles Schwab Corporation (NYSE:SCHW) insider Dennis Howard sold 2,198 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $110.00, for a total transaction of $241,780.00. Following the completion of the transaction, the insider owned 6,980 shares of the company’s stock, valued at $767,800. This trade represents a 23.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Dennis Howard also recently made the following trade(s):

• On Tuesday, July 28th, Dennis Howard sold 28,000 shares of Charles Schwab stock. The stock was sold at an average price of $105.01, for a total transaction of $2,940,280.00.

Charles Schwab Stock Performance

NYSE SCHW opened at $110.75 on Tuesday. The company’s 50 day simple moving average is $99.86 and its two-hundred day simple moving average is $95.89. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.64 and a quick ratio of 0.64. The Charles Schwab Corporation has a 1 year low of $83.96 and a 1 year high of $111.64. The stock has a market capitalization of $191.52 billion, a PE ratio of 20.14, a P/E/G ratio of 0.85 and a beta of 0.76.

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

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, August 14th. Charles Schwab’s payout ratio is presently 23.27%.

Hedge Funds Weigh In On Charles Schwab

A number of large investors have recently modified their holdings of SCHW. Dogwood Wealth Management LLC raised its stake in shares of Charles Schwab by 99.2% during the fourth quarter. Dogwood Wealth Management LLC now owns 247 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 123 shares in the last quarter. Compass Financial Management LLC bought a new stake in shares of Charles Schwab in the 2nd quarter worth approximately $27,000. Scarborough Advisors LLC purchased a new stake in shares of Charles Schwab in the 1st quarter valued at $29,000. McIlrath & Eck LLC boosted its stake in shares of Charles Schwab by 143.2% in the 4th quarter. McIlrath & Eck LLC now owns 321 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 189 shares in the last quarter. Finally, Main Street Group LTD bought a new position in shares of Charles Schwab during the 1st quarter valued at $33,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on SCHW. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Charles Schwab in a report on Wednesday, July 22nd. Zacks Research upgraded shares of Charles Schwab from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. BMO Capital Markets downgraded shares of Charles Schwab from an “outperform” rating to a “market perform” rating and set a $105.00 target price on the stock. in a research note on Monday, July 20th. Citigroup reiterated a “market outperform” rating on shares of Charles Schwab in a research report on Wednesday, July 22nd. Finally, Barclays increased their price target on shares of Charles Schwab from $122.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $121.17.

Charles Schwab Company Profile

Charles Schwab Corporation (NYSE: SCHW) is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.