Nigel J. Murtagh Sells 10,000 Shares of The Charles Schwab Co. (NYSE:SCHW) Stock

The Charles Schwab Co. (NYSE:SCHW) insider Nigel J. Murtagh sold 10,000 shares of the business’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $72.40, for a total value of $724,000.00. Following the completion of the transaction, the insider now directly owns 71,446 shares of the company’s stock, valued at $5,172,690.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Charles Schwab Stock Up 0.6 %

NYSE:SCHW opened at $72.92 on Friday. 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 company’s fifty day moving average price is $68.38 and its 200-day moving average price is $62.89. The Charles Schwab Co. has a 1-year low of $45.65 and a 1-year high of $73.88. The firm has a market capitalization of $129.51 billion, a P/E ratio of 30.51, a PEG ratio of 1.06 and a beta of 1.01.

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, topping the consensus estimate of $0.64 by $0.04. The company had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.49 billion. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. The firm’s revenue for the quarter was down 18.9% compared to the same quarter last year. During the same period last year, the firm earned $1.07 EPS. As a group, equities research analysts anticipate that The Charles Schwab Co. will post 3.43 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend was Thursday, February 8th. Charles Schwab’s dividend payout ratio is currently 41.84%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SCHW. Signet Financial Management LLC lifted its stake in shares of 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 purchasing an additional 139 shares during the period. Ironwood Financial llc increased its holdings in Charles Schwab by 1.6% in the first quarter. Ironwood Financial llc now owns 10,186 shares of the financial services provider’s stock valued at $737,000 after buying an additional 160 shares in the last quarter. Courier Capital LLC raised its position in shares of 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 during the period. Investment Advisory Services Inc. TX ADV boosted its stake in shares of Charles Schwab by 0.5% during the 4th 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. Finally, Sugarloaf Wealth Management LLC grew its position 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 acquiring an additional 165 shares during the period. 84.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on SCHW shares. StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Citigroup increased their target price on shares of Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. JPMorgan Chase & Co. lifted their price target on shares of Charles Schwab from $86.00 to $89.00 and gave the stock an “overweight” rating in a report on Tuesday. Morgan Stanley upped their price target on Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Finally, Barclays boosted their target price on Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Three investment 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 MarketBeat, Charles Schwab has a consensus rating of “Hold” and a consensus price target 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.