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

The Charles Schwab Co. (NYSE:SCHW) announced a quarterly dividend on Wednesday, April 24th, RTT News reports. Investors of record on Friday, May 10th will be given a dividend of 0.25 per share by the financial services provider on Friday, May 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Thursday, May 9th.

Charles Schwab has increased its dividend payment by an average of 11.6% annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Charles Schwab has a dividend payout ratio of 22.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Charles Schwab to earn $4.50 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 22.2%.

Charles Schwab Stock Down 1.7 %

SCHW opened at $75.54 on Wednesday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82. The firm has a market cap of $134.16 billion, a P/E ratio of 31.61, a PEG ratio of 1.11 and a beta of 0.98. Charles Schwab has a 52 week low of $46.55 and a 52 week high of $77.05. The business’s fifty day simple moving average is $71.20 and its 200 day simple moving average is $65.15.

Charles Schwab (NYSE:SCHW) last released its earnings results on Monday, April 15th. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.73 by $0.01. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. The firm had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.71 billion. As a group, equities research analysts anticipate that Charles Schwab will post 3.42 EPS for the current fiscal year.

Insider Buying and Selling at Charles Schwab

In related news, insider Jonathan M. Craig sold 4,977 shares of Charles Schwab stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $70.01, for a total transaction of $348,439.77. Following the sale, the insider now owns 81,446 shares of the company’s stock, valued at approximately $5,702,034.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Charles Schwab news, insider Jonathan M. Craig sold 4,977 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $70.01, for a total transaction of $348,439.77. Following the completion of the sale, the insider now owns 81,446 shares in the company, valued at approximately $5,702,034.46. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Peter B. Crawford sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $64.76, for a total value of $518,080.00. Following the completion of the transaction, the chief financial officer now directly owns 29,611 shares in the company, valued at $1,917,608.36. The disclosure for this sale can be found here. Insiders sold 514,459 shares of company stock valued at $36,371,155 over the last 90 days. 6.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on SCHW. TD Cowen raised their target price on shares of Charles Schwab from $87.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Morgan Stanley boosted their price objective on shares of Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Bank of America increased their target price on Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a research report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft boosted their price target on Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Finally, Piper Sandler raised their price objective on Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $74.47.

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.