The Charles Schwab Co. (NYSE:SCHW - Get Free Report) CFO Peter B. Crawford sold 5,482 shares of the business's stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $73.46, for a total value of $402,707.72. Following the transaction, the chief financial officer now directly owns 60,567 shares in the company, valued at approximately $4,449,251.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Charles Schwab Price Performance
Shares of NYSE SCHW opened at $72.92 on Friday. The stock's 50-day moving average is $68.38 and its two-hundred day moving average is $62.89. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43. The Charles Schwab Co. has a 1-year low of $45.65 and a 1-year high of $73.88. The company has a market cap of $129.51 billion, a price-to-earnings ratio of 30.51, a price-to-earnings-growth ratio of 1.06 and a beta of 1.01.
Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.68 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.04. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. The business had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.49 billion. During the same quarter in the prior year, the business posted $1.07 EPS. The business's revenue for the quarter was down 18.9% on a year-over-year basis. Analysts forecast that The Charles Schwab Co. will post 3.43 EPS for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.37%. Charles Schwab's payout ratio is currently 41.84%.
Analyst Ratings Changes
Several equities analysts have recently commented on SCHW shares. Bank of America upped their price target on Charles Schwab from $68.00 to $70.00 and gave the company an "underperform" rating in a research note on Tuesday. Piper Sandler upped their price target on Charles Schwab from $75.00 to $78.00 and gave the company an "overweight" rating in a research note on Friday, April 12th. Morgan Stanley increased their target price on Charles Schwab from $65.00 to $71.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 9th. Raymond James decreased their target price on Charles Schwab from $78.00 to $75.00 and set an "outperform" rating on the stock in a research note on Thursday, January 18th. Finally, StockNews.com raised Charles Schwab from a "sell" rating to a "hold" rating in a research note on Friday, March 15th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Charles Schwab currently has an average rating of "Hold" and an average target price of $74.47.
View Our Latest Analysis on Charles Schwab
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Main Street Group LTD purchased a new position in shares of Charles Schwab in the 4th quarter valued at about $29,000. Tributary Capital Management LLC acquired a new stake in shares of Charles Schwab in the 1st quarter valued at about $31,000. Sugarloaf Wealth Management LLC boosted its position in shares of Charles Schwab by 60.0% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 165 shares during the period. Frazier Financial Advisors LLC acquired a new stake in shares of Charles Schwab in the 4th quarter valued at about $30,000. Finally, Wetzel Investment Advisors Inc. acquired a new stake in shares of Charles Schwab in the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 84.38% of the company's stock.
About Charles Schwab
(
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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.
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