The Charles Schwab Co. (NYSE:SCHW) CFO Peter B. Crawford Purchases 5,000 Shares

The Charles Schwab Co. (NYSE:SCHW – Get Rating) CFO Peter B. Crawford bought 5,000 shares of Charles Schwab stock in a transaction dated Tuesday, March 14th. The stock was purchased at an average price of $57.96 per share, with a total value of $289,800.00. Following the purchase, the chief financial officer now directly owns 44,725 shares in the company, valued at approximately $2,592,261. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Charles Schwab Stock Performance

Shares of NYSE SCHW opened at $56.68 on Wednesday. The company has a market cap of $101.54 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 0.91 and a beta of 0.93. The Charles Schwab Co. has a 12 month low of $45.00 and a 12 month high of $93.16. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.38 and a quick ratio of 0.38. The company has a 50-day simple moving average of $78.02 and a 200-day simple moving average of $76.94.

Charles Schwab (NYSE:SCHW – Get Rating) last issued its quarterly earnings results on Wednesday, January 18th. The financial services provider reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.03). The firm had revenue of $5.50 billion for the quarter, compared to analysts’ expectations of $5.55 billion. Charles Schwab had a return on equity of 24.94% and a net margin of 34.60%. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.86 earnings per share. On average, equities analysts anticipate that The Charles Schwab Co. will post 4.32 earnings per share for the current year.

Charles Schwab Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 24th. Stockholders of record on Friday, February 10th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, February 9th. This is an increase from Charles Schwab’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.76%. Charles Schwab’s payout ratio is 28.57%.

Institutional Investors Weigh In On Charles Schwab

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Toronto Dominion Bank grew its holdings in Charles Schwab by 32,224.4% in the fourth quarter. Toronto Dominion Bank now owns 225,994,826 shares of the financial services provider’s stock valued at $18,816,289,000 after purchasing an additional 225,295,680 shares during the period. Vanguard Group Inc. grew its holdings in Charles Schwab by 2.1% in the third quarter. Vanguard Group Inc. now owns 124,437,061 shares of the financial services provider’s stock valued at $8,943,291,000 after purchasing an additional 2,589,952 shares during the period. Dodge & Cox grew its holdings in Charles Schwab by 9.4% in the second quarter. Dodge & Cox now owns 79,042,463 shares of the financial services provider’s stock valued at $4,993,903,000 after purchasing an additional 6,803,282 shares during the period. State Street Corp grew its holdings in Charles Schwab by 1.1% in the third quarter. State Street Corp now owns 65,566,364 shares of the financial services provider’s stock valued at $4,712,255,000 after purchasing an additional 717,683 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in Charles Schwab by 2.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 33,417,491 shares of the financial services provider’s stock valued at $2,111,317,000 after purchasing an additional 851,066 shares during the period. 73.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on SCHW. Barclays reduced their price objective on shares of Charles Schwab from $87.00 to $79.00 and set an “equal weight” rating for the company in a research note on Monday, January 30th. JPMorgan Chase & Co. began coverage on shares of Charles Schwab in a research note on Friday, March 10th. They issued a “buy” rating and a $97.00 price objective for the company. William Blair reiterated an “outperform” rating on shares of Charles Schwab in a research note on Tuesday, January 17th. Credit Suisse Group reduced their price objective on shares of Charles Schwab from $87.00 to $81.50 and set a “neutral” rating for the company in a research note on Monday, January 30th. Finally, Citigroup upgraded shares of Charles Schwab from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $83.00 to $75.00 in a research note on Monday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Charles Schwab has an average rating of “Moderate Buy” and a consensus target price of $87.88.

Charles Schwab Company Profile

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The Charles Schwab Corp. is a savings and loan holding company, which engages in the provision of wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. It operates through the Investor Services and Advisor Services segments. The Investor Services segment includes retail brokerage and banking services to individual investors, and retirement plan services, as well as other corporate brokerage services, to businesses and their employees.