Peter B. Crawford Sells 5,482 Shares of The Charles Schwab Co. (NYSE:SCHW) Stock

The Charles Schwab Co. (NYSE:SCHW) 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 transaction of $402,707.72. Following the sale, 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 $73.42 on Friday. The firm’s 50-day moving average price is $68.58 and its 200-day moving average price is $63.02. 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 $130.40 billion, a P/E ratio of 30.72, a P/E/G ratio of 1.06 and a beta of 1.01. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.04. Charles Schwab had a net margin of 26.14% and a return on equity of 19.86%. The firm had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.49 billion. During the same quarter in the prior year, the business earned $1.07 earnings per share. The business’s quarterly revenue was down 18.9% compared to the same quarter last year. Equities research analysts anticipate that The Charles Schwab Co. will post 3.43 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were issued a $0.25 dividend. The ex-dividend date was Thursday, February 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.36%. Charles Schwab’s dividend payout ratio is presently 41.84%.

Institutional Investors Weigh In On Charles Schwab

Institutional investors and hedge funds have recently made changes to their positions in the business. Main Street Group LTD acquired a new stake in shares of Charles Schwab in the 4th quarter worth about $29,000. Tributary Capital Management LLC acquired a new stake in shares of Charles Schwab in the 1st quarter worth about $31,000. Sugarloaf Wealth Management LLC raised its holdings 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 worth $30,000 after acquiring an additional 165 shares during the last quarter. Frazier Financial Advisors LLC acquired a new stake in shares of Charles Schwab in the 4th quarter worth about $30,000. Finally, Wetzel Investment Advisors Inc. acquired a new stake in shares of Charles Schwab in the 4th quarter worth about $31,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SCHW shares. JMP Securities reissued a “market outperform” rating and issued a $80.00 price objective on shares of Charles Schwab in a research note on Tuesday. Piper Sandler boosted their price objective on shares of Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Citigroup upped their price target 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. Finally, Raymond James cut their price target on shares of Charles Schwab from $78.00 to $75.00 and set an “outperform” rating on the stock in a research report on Thursday, January 18th. Three analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Charles Schwab has a consensus rating of “Hold” and an average price target of $74.47.

About Charles Schwab

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.