Insider Selling: The Charles Schwab Co. (NYSE:SCHW) CFO Sells 5,482 Shares of Stock

The Charles Schwab Co. (NYSE:SCHW) CFO Peter B. Crawford sold 5,482 shares of the business’s stock in a transaction dated 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 available through this link.

Charles Schwab Stock Performance

Charles Schwab stock traded up $0.42 during midday trading on Thursday, reaching $72.92. 8,207,565 shares of the company traded hands, compared to its average volume of 7,756,188. The Charles Schwab Co. has a 12 month low of $45.65 and a 12 month high of $73.88. The firm has a market capitalization of $129.51 billion, a price-to-earnings ratio of 30.51, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. 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 business has a 50 day moving average of $68.38 and a two-hundred day moving average of $62.89.

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

Charles Schwab Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SCHW shares. 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. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. JMP Securities reiterated a “market outperform” rating and issued a $80.00 target price on shares of Charles Schwab in a research note on Tuesday. Finally, Raymond James dropped their target price on shares of Charles Schwab from $78.00 to $75.00 and set an “outperform” rating on the stock in a research note on Thursday, January 18th. Three investment 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. Based on data from MarketBeat.com, Charles Schwab currently has a consensus rating of “Hold” and an average target price of $74.47.

Institutional Trading of Charles Schwab

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SCHW. Providence Capital Advisors LLC purchased a new stake in shares of Charles Schwab in the third quarter worth $28,000. Main Street Group LTD purchased a new stake in shares of Charles Schwab in the fourth quarter worth $29,000. Sugarloaf Wealth Management LLC increased its stake in shares of 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 purchasing an additional 165 shares in the last quarter. Frazier Financial Advisors LLC purchased a new stake in shares of Charles Schwab in the fourth quarter worth $30,000. Finally, Wetzel Investment Advisors Inc. purchased a new stake in shares of Charles Schwab in the fourth quarter worth $31,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

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.