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

The Charles Schwab Co. (NYSE:SCHW) insider Nigel J. Murtagh sold 10,000 shares of the business’s stock in a transaction that occurred 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 sale, the insider now directly owns 71,446 shares in the company, valued at approximately $5,172,690.40. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Charles Schwab Trading Up 0.6 %

NYSE SCHW traded up $0.42 during mid-day trading on Thursday, reaching $72.92. 8,207,565 shares of the stock were exchanged, compared to its average volume of 7,756,188. The stock has a market capitalization of $129.51 billion, a PE ratio of 30.51, a PEG ratio of 1.10 and a beta of 1.01. 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 Charles Schwab Co. has a 1-year low of $45.65 and a 1-year high of $73.88. The business’s fifty day simple moving average is $68.38 and its 200 day simple moving average is $62.89.

Charles Schwab (NYSE:SCHW) 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 return on equity of 19.86% and a net margin of 26.14%. The firm 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 firm posted $1.07 earnings per share. The business’s quarterly revenue was down 18.9% compared to the same quarter last year. On average, research analysts anticipate that The Charles Schwab Co. will post 3.41 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were issued a $0.25 dividend. 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 (DPR) is 41.84%.

Institutional Investors Weigh In On Charles Schwab

A number of institutional investors have recently bought and sold shares of SCHW. Main Street Group LTD acquired a new position in shares of Charles Schwab in the 4th quarter valued at $29,000. Tributary Capital Management LLC acquired a new stake in shares of Charles Schwab during the 1st quarter worth $31,000. Sugarloaf Wealth Management LLC raised its position 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 buying an additional 165 shares during the period. Frazier Financial Advisors LLC acquired a new position in Charles Schwab in the fourth quarter valued at $30,000. Finally, Wetzel Investment Advisors Inc. purchased a new stake in Charles Schwab during the fourth quarter valued at about $31,000. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SCHW shares. 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 report on Tuesday. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $71.00 price target (up previously from $70.00) on shares of Charles Schwab in a research note on Wednesday, January 3rd. Citigroup increased their price objective on shares of Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Keefe, Bruyette & Woods raised their target price on shares of Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a report on Tuesday. Finally, TD Cowen upped their price target on shares of Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price 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.