The Charles Schwab Co. (NYSE:SCHW) Declares Quarterly Dividend of $0.25

The Charles Schwab Co. (NYSE:SCHW) declared a quarterly dividend on Wednesday, October 23rd, RTT News reports. Stockholders of record on Friday, November 8th will be paid a dividend of 0.25 per share by the financial services provider on Friday, November 22nd. This represents a $1.00 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Friday, November 8th.

Charles Schwab has increased its dividend by an average of 11.6% annually over the last three years. Charles Schwab has a payout ratio of 26.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Charles Schwab to earn $3.83 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 26.1%.

Charles Schwab Stock Performance

Shares of NYSE SCHW opened at $71.33 on Wednesday. The stock has a market cap of $126.86 billion, a price-to-earnings ratio of 27.86, a P/E/G ratio of 1.63 and a beta of 0.96. The stock’s 50-day moving average is $66.67 and its 200 day moving average is $69.45. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.65. Charles Schwab has a 1-year low of $53.49 and a 1-year high of $79.49.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.75 by $0.02. Charles Schwab had a net margin of 27.47% and a return on equity of 17.52%. The firm had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same period last year, the firm posted $0.77 earnings per share. The business’s revenue was up 5.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Charles Schwab will post 3.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Bank of America reduced their price objective on Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a research note on Wednesday, October 16th. Piper Sandler raised their target price on shares of Charles Schwab from $64.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Keefe, Bruyette & Woods increased their price target on shares of Charles Schwab from $76.00 to $81.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Charles Schwab from $77.00 to $76.00 in a research report on Tuesday, October 15th. Finally, Citigroup cut their target price on Charles Schwab from $75.00 to $72.00 and set a “neutral” rating on the stock in a research note on Friday, September 27th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $73.94.

Insider Transactions at Charles Schwab

In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total transaction of $576,450.00. Following the transaction, the director now owns 554,929 shares in the company, valued at $35,543,202.45. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Chairman Charles R. Schwab sold 62,345 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $72.52, for a total value of $4,521,259.40. Following the transaction, the chairman now owns 60,619,371 shares in the company, valued at $4,396,116,784.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total value of $576,450.00. Following the completion of the transaction, the director now directly owns 554,929 shares in the company, valued at approximately $35,543,202.45. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 113,465 shares of company stock worth $8,050,109 over the last three months. 6.60% of the stock is currently owned by company insiders.

About Charles Schwab

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.