The Charles Schwab Co. (NYSE:SCHW) Director Arun Sarin Sells 8,548 Shares

The Charles Schwab Co. (NYSE:SCHW) Director Arun Sarin sold 8,548 shares of the firm’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total value of $699,397.36. Following the transaction, the director now owns 18,617 shares in the company, valued at approximately $1,523,242.94. This represents a 31.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Charles Schwab Stock Performance

Shares of SCHW stock opened at $82.13 on Thursday. The business has a fifty day moving average of $77.86 and a 200 day moving average of $70.92. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $83.35. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a market capitalization of $146.17 billion, a price-to-earnings ratio of 27.47, a price-to-earnings-growth ratio of 1.46 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.11. The firm had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period last year, the business posted $0.68 earnings per share. As a group, research analysts expect that The Charles Schwab Co. will post 4.09 earnings per share for the current year.

Charles Schwab Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.31%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s payout ratio is presently 33.44%.

Institutional Trading of Charles Schwab

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. boosted its holdings in Charles Schwab by 15.0% in the third quarter. Franklin Resources Inc. now owns 24,261,234 shares of the financial services provider’s stock valued at $1,644,674,000 after purchasing an additional 3,157,923 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Charles Schwab by 6.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 28,679,305 shares of the financial services provider’s stock worth $1,858,706,000 after buying an additional 1,711,312 shares during the last quarter. AustralianSuper Pty Ltd grew its holdings in Charles Schwab by 2,617.6% during the third quarter. AustralianSuper Pty Ltd now owns 1,707,771 shares of the financial services provider’s stock worth $110,681,000 after acquiring an additional 1,644,931 shares during the period. KBC Group NV raised its position in Charles Schwab by 186.7% during the fourth quarter. KBC Group NV now owns 2,138,033 shares of the financial services provider’s stock valued at $158,236,000 after acquiring an additional 1,392,255 shares in the last quarter. Finally, Two Sigma Advisers LP acquired a new position in Charles Schwab in the third quarter valued at approximately $86,845,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analyst Ratings Changes

SCHW has been the topic of several recent research reports. Raymond James dropped their target price on shares of Charles Schwab from $76.00 to $73.00 in a report on Tuesday, October 15th. Cowen lifted their price objective on shares of Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Redburn Partners lowered their target price on Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a report on Friday, January 17th. Bank of America cut their price target on Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a report on Wednesday, October 16th. Finally, StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research note on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $84.11.

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.