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

The Charles Schwab Corporation (NYSE:SCHW) insider Dennis Howard sold 2,198 shares of Charles Schwab stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $110.00, for a total value of $241,780.00. Following the completion of the transaction, the insider owned 6,980 shares in the company, valued at approximately $767,800. This represents a 23.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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 shares were sold at an average price of $105.01, for a total value of $2,940,280.00.

Charles Schwab Trading Down 0.3%

SCHW traded down $0.34 on Monday, hitting $110.75. 6,236,298 shares of the company were exchanged, compared to its average volume of 10,523,756. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a fifty day simple moving average of $99.86 and a two-hundred day simple moving average of $95.89. The stock has a market capitalization of $191.52 billion, a PE ratio of 20.14, a price-to-earnings-growth ratio of 0.85 and a beta of 0.76. The Charles Schwab Corporation has a 12 month low of $83.96 and a 12 month high of $111.64.

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

Charles Schwab Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on SCHW shares. Wolfe Research reaffirmed an “outperform” rating and set a $127.00 price objective on shares of Charles Schwab in a research note on Tuesday, July 21st. BMO Capital Markets downgraded Charles Schwab from an “outperform” rating to a “market perform” rating and set a $105.00 price target on the stock. in a report on Monday, July 20th. Morgan Stanley upped their price target on Charles Schwab from $133.00 to $136.00 and gave the company an “overweight” rating in a research report on Monday, July 27th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Charles Schwab in a report on Thursday, June 18th. Finally, Barclays lifted their price objective on Charles Schwab from $122.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Charles Schwab presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.17.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Souders Financial Advisors raised its position in Charles Schwab by 2.3% during the fourth quarter. Souders Financial Advisors now owns 4,341 shares of the financial services provider’s stock worth $434,000 after acquiring an additional 98 shares during the period. Essex Financial Services Inc. grew its position in shares of Charles Schwab by 0.8% in the fourth quarter. Essex Financial Services Inc. now owns 12,833 shares of the financial services provider’s stock valued at $1,282,000 after purchasing an additional 105 shares during the period. Sheets Smith Wealth Management increased its stake in shares of Charles Schwab by 0.7% during the first quarter. Sheets Smith Wealth Management now owns 14,521 shares of the financial services provider’s stock worth $1,365,000 after purchasing an additional 108 shares in the last quarter. Acorn Financial Advisory Services Inc. ADV increased its stake in shares of Charles Schwab by 4.5% during the fourth quarter. Acorn Financial Advisory Services Inc. ADV now owns 2,536 shares of the financial services provider’s stock worth $253,000 after purchasing an additional 110 shares in the last quarter. Finally, Interchange Capital Partners LLC raised its position in shares of Charles Schwab by 2.8% during the 4th quarter. Interchange Capital Partners LLC now owns 4,104 shares of the financial services provider’s stock worth $410,000 after purchasing an additional 112 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

About Charles Schwab

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.