The Charles Schwab Co. (NYSE:SCHW) Insider Sells $348,439.77 in Stock

The Charles Schwab Co. (NYSE:SCHWGet Free Report) insider Jonathan M. Craig sold 4,977 shares of the business’s stock in a transaction dated 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 directly 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 SEC, which is accessible through this hyperlink.

Charles Schwab Stock Down 0.5 %

SCHW stock opened at $71.00 on Wednesday. The Charles Schwab Co. has a 12 month low of $45.65 and a 12 month high of $72.94. The firm has a market cap of $125.92 billion, a PE ratio of 27.95, a P/E/G ratio of 1.38 and a beta of 1.00. The firm has a 50 day simple moving average of $65.29 and a 200 day simple moving average of $61.10. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43.

Charles Schwab (NYSE:SCHWGet Free Report) last released its earnings results on Wednesday, January 17th. The financial services provider reported $0.68 EPS for the quarter, beating the consensus estimate of $0.64 by $0.04. Charles Schwab had a net margin of 26.90% and a return on equity of 21.33%. The business had revenue of $4.46 billion during the quarter, compared to analyst estimates of $4.49 billion. During the same period in the prior year, the business earned $1.07 earnings per share. The business’s quarterly revenue was down 18.9% on a year-over-year basis. Equities research analysts forecast that The Charles Schwab Co. will post 3.33 earnings per share for the current fiscal 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 issued 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 1.41%. Charles Schwab’s dividend payout ratio is currently 39.37%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. The Goldman Sachs Group reissued a “neutral” rating and issued a $71.00 target price (up previously from $70.00) on shares of Charles Schwab in a research report on Wednesday, January 3rd. UBS Group boosted their price objective on shares of Charles Schwab from $72.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, December 15th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Raymond James lowered their price objective on shares of Charles Schwab from $78.00 to $75.00 and set an “outperform” rating for the company in a research report on Thursday, January 18th. Finally, Redburn Atlantic assumed coverage on shares of Charles Schwab in a research note on Friday, December 1st. They set a “sell” rating and a $52.00 target price for the company. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $71.12.

Read Our Latest Report on Charles Schwab

Institutional Investors Weigh In On Charles Schwab

A number of large investors have recently made changes to their positions in SCHW. Signet Financial Management LLC increased its stake in Charles Schwab by 0.3% in the 4th quarter. Signet Financial Management LLC now owns 49,378 shares of the financial services provider’s stock valued at $4,111,000 after buying an additional 139 shares during the period. Courier Capital LLC grew its position in Charles Schwab by 0.4% in the fourth quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider’s stock worth $3,133,000 after acquiring an additional 161 shares in the last quarter. Investment Advisory Services Inc. TX ADV grew its position in Charles Schwab by 0.5% in the fourth quarter. Investment Advisory Services Inc. TX ADV now owns 32,642 shares of the financial services provider’s stock worth $2,718,000 after acquiring an additional 164 shares in the last quarter. Sugarloaf Wealth Management LLC grew its position in Charles Schwab by 60.0% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 165 shares in the last quarter. Finally, Sculati Wealth Management LLC grew its position in Charles Schwab by 0.4% in the fourth quarter. Sculati Wealth Management LLC now owns 42,971 shares of the financial services provider’s stock worth $2,956,000 after acquiring an additional 165 shares in the last quarter. Institutional investors and hedge funds own 81.61% of the company’s stock.

About Charles Schwab

(Get Free Report)

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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Insider Buying and Selling by Quarter for Charles Schwab (NYSE:SCHW)

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