Investors sold shares of Charles Schwab Corp (NYSE:SCHW) on strength during trading hours on Monday after an insider sold shares in the company. $45.65 million flowed into the stock on the tick-up and $95.38 million flowed out of the stock on the tick-down, for a money net flow of $49.73 million out of the stock. Of all equities tracked, Charles Schwab had the 0th highest net out-flow for the day. Charles Schwab traded up $0.06 for the day and closed at $57.76Specifically, EVP Terri R. Kallsen sold 2,026 shares of the stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $51.30, for a total transaction of $103,933.80. Following the sale, the executive vice president now owns 1,706 shares of the company’s stock, valued at approximately $87,517.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jonathan M. Craig sold 5,000 shares of the stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $58.01, for a total value of $290,050.00. The disclosure for this sale can be found here. Insiders have sold a total of 922,251 shares of company stock worth $50,343,908 in the last ninety days. Insiders own 12.00% of the company’s stock.
A number of analysts recently issued reports on SCHW shares. Credit Suisse Group started coverage on Charles Schwab in a report on Thursday, November 30th. They set an “outperform” rating and a $55.00 price objective on the stock. SunTrust Banks increased their price objective on Charles Schwab to $56.00 and gave the stock an “average” rating in a report on Friday, December 15th. They noted that the move was a valuation call. JMP Securities cut Charles Schwab from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 3rd. Wells Fargo & Co reissued a “market perform” rating and set a $55.00 price objective (up previously from $47.00) on shares of Charles Schwab in a report on Thursday, January 4th. Finally, Zacks Investment Research raised Charles Schwab from a “hold” rating to a “strong-buy” rating and set a $60.00 price objective on the stock in a report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $54.64.
The company has a market capitalization of $76,320.00, a P/E ratio of 34.35, a price-to-earnings-growth ratio of 1.41 and a beta of 1.58. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.31 and a quick ratio of 0.30.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were paid a $0.10 dividend. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date was Thursday, February 8th. Charles Schwab’s dividend payout ratio is currently 24.24%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of The West increased its position in shares of Charles Schwab by 1.9% during the 4th quarter. Bank of The West now owns 105,131 shares of the financial services provider’s stock valued at $5,400,000 after purchasing an additional 1,948 shares during the last quarter. Atria Investments LLC increased its position in shares of Charles Schwab by 11.8% during the 4th quarter. Atria Investments LLC now owns 18,096 shares of the financial services provider’s stock valued at $930,000 after purchasing an additional 1,907 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of Charles Schwab by 311.7% during the 4th quarter. State of Alaska Department of Revenue now owns 141,615 shares of the financial services provider’s stock valued at $7,272,000 after purchasing an additional 107,221 shares during the last quarter. Peregrine Asset Advisers Inc. bought a new position in shares of Charles Schwab during the 4th quarter valued at about $5,306,000. Finally, Columbus Circle Investors bought a new position in shares of Charles Schwab during the 3rd quarter valued at about $49,394,000. Institutional investors and hedge funds own 80.60% of the company’s stock.
Charles Schwab Company Profile
The Charles Schwab Corporation (CSC) is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services.
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