The Charles Schwab Co. (NYSE:SCHW – Get Rating) CEO Walter W. Bettinger purchased 36,640 shares of the company’s stock in a transaction dated Monday, April 25th. The shares were acquired at an average price of $69.49 per share, for a total transaction of $2,546,113.60. Following the purchase, the chief executive officer now directly owns 329,265 shares of the company’s stock, valued at approximately $22,880,624.85. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
NYSE SCHW traded down $0.01 during mid-day trading on Monday, hitting $70.31. The stock had a trading volume of 9,841,641 shares, compared to its average volume of 9,027,749. The firm’s 50 day moving average is $83.10 and its 200 day moving average is $84.18. The Charles Schwab Co. has a twelve month low of $65.73 and a twelve month high of $96.24. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.41 and a quick ratio of 0.41. The stock has a market capitalization of $127.68 billion, a price-to-earnings ratio of 25.47, a PEG ratio of 0.75 and a beta of 1.00.
Charles Schwab (NYSE:SCHW – Get Rating) last posted its quarterly earnings data on Monday, April 18th. The financial services provider reported $0.77 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by ($0.07). Charles Schwab had a net margin of 31.24% and a return on equity of 13.67%. The firm had revenue of $4.67 billion during the quarter, compared to analyst estimates of $4.82 billion. During the same period in the prior year, the company posted $0.84 earnings per share. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, equities research analysts expect that The Charles Schwab Co. will post 4.07 earnings per share for the current year.
A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their price target on Charles Schwab from $114.00 to $111.00 and set a “buy” rating on the stock in a research note on Tuesday, April 19th. Piper Sandler dropped their target price on Charles Schwab from $110.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday. UBS Group dropped their target price on Charles Schwab from $80.00 to $72.00 in a research report on Sunday. Zacks Investment Research lowered Charles Schwab from a “buy” rating to a “hold” rating and set a $91.00 target price on the stock. in a research report on Monday, February 21st. Finally, JPMorgan Chase & Co. dropped their target price on Charles Schwab from $107.00 to $101.00 in a research report on Thursday, April 14th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $94.88.
Several institutional investors and hedge funds have recently modified their holdings of the business. Steph & Co. purchased a new position in shares of Charles Schwab during the 4th quarter worth $25,000. Industrial Alliance Investment Management Inc. purchased a new position in shares of Charles Schwab during the 4th quarter worth $25,000. SBK Financial Inc. purchased a new position in shares of Charles Schwab during the 4th quarter worth $25,000. University of Texas Texas AM Investment Managment Co. purchased a new position in shares of Charles Schwab during the 3rd quarter worth $26,000. Finally, Annapolis Financial Services LLC grew its holdings in shares of Charles Schwab by 135.5% during the 3rd quarter. Annapolis Financial Services LLC now owns 365 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 210 shares during the period. 71.58% of the stock is owned by institutional investors and hedge funds.
About Charles Schwab (Get Rating)
The Charles Schwab Corporation, together with its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates in two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage, investment advisory, banking and trust, retirement plan, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor and mutual fund clearing services, as well as compliance solutions.
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