The Charles Schwab Co. (NYSE:SCHW) COO Joseph R. Martinetto Sells 43,000 Shares

The Charles Schwab Co. (NYSE:SCHW) COO Joseph R. Martinetto sold 43,000 shares of Charles Schwab stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $70.83, for a total value of $3,045,690.00. Following the completion of the sale, the chief operating officer now owns 41,414 shares of the company’s stock, valued at $2,933,353.62. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Charles Schwab Trading Up 0.6 %

SCHW stock traded up $0.42 during midday trading on Thursday, reaching $72.92. The company’s stock had a trading volume of 8,207,565 shares, compared to its average volume of 7,756,188. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43. The stock has a fifty day simple moving average of $68.38 and a two-hundred day simple moving average of $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 price-to-earnings ratio of 30.51, a PEG ratio of 1.10 and a beta of 1.01.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. The business had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.49 billion. During the same quarter in the prior year, the company earned $1.07 EPS. The business’s revenue was down 18.9% compared to the same quarter last year. On average, equities research analysts predict that The Charles Schwab Co. will post 3.41 EPS for the current 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 given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Thursday, February 8th. Charles Schwab’s payout ratio is 41.84%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SCHW shares. Piper Sandler boosted their price target on Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. The Goldman Sachs Group reissued a “neutral” rating and issued a $71.00 price target (up from $70.00) on shares of Charles Schwab in a report on Wednesday, January 3rd. JMP Securities reissued a “market outperform” rating and issued a $80.00 price target on shares of Charles Schwab in a report on Tuesday. TD Cowen boosted their price target on Charles Schwab from $87.00 to $92.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Bank of America lifted their price objective on Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $74.47.

Hedge Funds Weigh In On Charles Schwab

Hedge funds and other institutional investors have recently made changes to their positions in the company. Providence Capital Advisors LLC acquired a new stake in Charles Schwab in the third quarter worth about $28,000. Main Street Group LTD purchased a new position in shares of Charles Schwab in the fourth quarter worth about $29,000. Sugarloaf Wealth Management LLC raised 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 during the last quarter. Frazier Financial Advisors LLC purchased a new position in shares of Charles Schwab in the fourth quarter worth about $30,000. Finally, Wetzel Investment Advisors Inc. purchased a new position in shares of Charles Schwab in the fourth quarter worth about $31,000. Institutional investors own 84.38% of the company’s stock.

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.