Carolyn Schwab-Pomerantz Sells 9,000 Shares of The Charles Schwab Co. (NYSE:SCHW) Stock

The Charles Schwab Co. (NYSE:SCHW) Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $72.49, for a total value of $652,410.00. Following the completion of the sale, the director now directly owns 570,657 shares of the company’s stock, valued at approximately $41,366,925.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Carolyn Schwab-Pomerantz also recently made the following trade(s):

• On Monday, May 20th, Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock. The shares were sold at an average price of $78.41, for a total transaction of $705,690.00.
• On Thursday, May 9th, Carolyn Schwab-Pomerantz sold 26,315 shares of Charles Schwab stock. The stock was sold at an average price of $76.13, for a total transaction of $2,003,360.95.
• On Monday, May 6th, Carolyn Schwab-Pomerantz sold 13,113 shares of Charles Schwab stock. The shares were sold at an average price of $76.38, for a total transaction of $1,001,570.94.
• On Thursday, April 18th, Carolyn Schwab-Pomerantz sold 7,482 shares of Charles Schwab stock. The stock was sold at an average price of $73.47, for a total value of $549,702.54.

Charles Schwab Stock Performance

NYSE SCHW opened at $73.91 on Wednesday. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $131.36 billion, a PE ratio of 30.92, a price-to-earnings-growth ratio of 1.13 and a beta of 0.96. The business’s 50-day moving average price is $74.39 and its 200 day moving average price is $69.66. The Charles Schwab Co. has a twelve month low of $48.66 and a twelve month high of $79.49.

Charles Schwab (NYSE:SCHW) last released its earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.01. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. The business had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.71 billion. On average, research analysts predict that The Charles Schwab Co. will post 3.25 earnings per share for the current year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend was Thursday, May 9th. Charles Schwab’s dividend payout ratio (DPR) is currently 41.84%.

Wall Street Analyst Weigh In

A number of research firms have commented on SCHW. JPMorgan Chase & Co. decreased their target price on Charles Schwab from $89.00 to $81.00 and set an “overweight” rating on the stock in a research report on Friday, May 31st. Citigroup increased their price objective on shares of Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $76.00 target price on shares of Charles Schwab in a research report on Monday, June 17th. TD Cowen lowered their price target on shares of Charles Schwab from $92.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. Finally, Piper Sandler lifted their price objective on Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $74.65.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tributary Capital Management LLC acquired a new position in shares of Charles Schwab in the 1st quarter valued at about $31,000. Sugarloaf Wealth Management LLC lifted its position in Charles Schwab by 60.0% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after buying an additional 165 shares in the last quarter. Frazier Financial Advisors LLC purchased a new stake in Charles Schwab during the fourth quarter worth approximately $30,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of Charles Schwab in the fourth quarter worth $31,000. Finally, Hall Laurie J Trustee purchased a new position in shares of Charles Schwab in the 4th quarter valued at $34,000. 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.