The Charles Schwab Co. (NYSE:SCHW) Director Sells $503,106.00 in Stock

The Charles Schwab Co. (NYSE:SCHW) Director Mark A. Goldfarb sold 7,100 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $70.86, for a total transaction of $503,106.00. Following the sale, the director now directly owns 19,917 shares of the company’s stock, valued at approximately $1,411,318.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Charles Schwab Trading Up 0.6 %

NYSE:SCHW traded up $0.42 during mid-day trading on Thursday, hitting $72.92. The company had a trading volume of 8,207,565 shares, compared to its average volume of 7,756,188. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43. The Charles Schwab Co. has a fifty-two week low of $45.65 and a fifty-two week high of $73.88. The firm has a market cap of $129.51 billion, a P/E ratio of 30.51, a P/E/G ratio of 1.10 and a beta of 1.01. The business’s fifty day moving average is $68.38 and its two-hundred day moving average is $62.89.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. The business had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.49 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.86%. Charles Schwab’s revenue for the quarter was down 18.9% on a year-over-year basis. During the same period last year, the company posted $1.07 EPS. As a group, research analysts expect that The Charles Schwab Co. will post 3.41 earnings per share for the current year.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were given a dividend of $0.25 per share. 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 dividend payout ratio is 41.84%.

Hedge Funds Weigh In On Charles Schwab

Several institutional investors and hedge funds have recently made changes to their positions in SCHW. Providence Capital Advisors LLC bought a new position in Charles Schwab during the third quarter worth about $28,000. Main Street Group LTD bought a new position in shares of Charles Schwab during the 4th quarter valued at about $29,000. Sugarloaf Wealth Management LLC lifted its holdings in shares of Charles Schwab by 60.0% during 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 in the last quarter. Frazier Financial Advisors LLC bought a new stake in Charles Schwab during the 4th quarter worth approximately $30,000. Finally, Wetzel Investment Advisors Inc. acquired a new stake in Charles Schwab during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SCHW shares. Bank of America raised their price target on Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a report on Tuesday. Keefe, Bruyette & Woods raised their target price on Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a research note on Tuesday. Raymond James decreased their price objective on shares of Charles Schwab from $78.00 to $75.00 and set an “outperform” rating on the stock in a report on Thursday, January 18th. JPMorgan Chase & Co. boosted their target price on shares of Charles Schwab from $86.00 to $89.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Barclays increased their price target on shares of Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a research note on Tuesday. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average 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.