Walter W. Bettinger Acquires 63,188 Shares of The Charles Schwab Co. (NYSE:SCHW) Stock

The Charles Schwab Co. (NYSE:SCHWGet Rating) CEO Walter W. Bettinger acquired 63,188 shares of the business’s stock in a transaction dated Friday, April 29th. The stock was purchased at an average cost of $67.07 per share, with a total value of $4,238,019.16. Following the transaction, the chief executive officer now owns 432,625 shares of the company’s stock, valued at $29,016,158.75. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of Charles Schwab stock opened at $66.33 on Friday. The company has a fifty day moving average price of $81.62 and a 200 day moving average price of $83.84. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.41. The Charles Schwab Co. has a twelve month low of $65.73 and a twelve month high of $96.24. The stock has a market cap of $120.46 billion, a price-to-earnings ratio of 24.03, a price-to-earnings-growth ratio of 0.75 and a beta of 1.00.

Charles Schwab (NYSE:SCHWGet Rating) last announced its quarterly earnings results on Monday, April 18th. The financial services provider reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.07). Charles Schwab had a return on equity of 13.67% and a net margin of 31.24%. The business had revenue of $4.67 billion for the quarter, compared to analysts’ expectations of $4.82 billion. During the same period last year, the company posted $0.84 earnings per share. The firm’s revenue for the quarter was down .9% on a year-over-year basis. Analysts forecast that The Charles Schwab Co. will post 4.07 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 27th. Investors of record on Friday, May 13th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, May 12th. This represents a $0.80 dividend on an annualized basis and a yield of 1.21%. Charles Schwab’s dividend payout ratio (DPR) is 28.99%.

SCHW has been the subject of a number of analyst reports. Piper Sandler cut their price objective on shares of Charles Schwab from $110.00 to $100.00 and set an “overweight” rating for the company in a research report on Friday, April 22nd. Argus boosted their price objective on shares of Charles Schwab from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, January 21st. Citigroup boosted their price objective on shares of Charles Schwab from $87.50 to $90.00 and gave the company a “buy” rating in a research report on Friday, April 22nd. Compass Point raised shares of Charles Schwab from a “neutral” rating to a “buy” rating and set a $98.00 price objective for the company in a research report on Tuesday, April 12th. Finally, UBS Group cut their price target on shares of Charles Schwab from $80.00 to $72.00 in a research note on Sunday, April 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Charles Schwab currently has an average rating of “Buy” and an average price target of $94.25.

A number of large investors have recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. boosted its position in Charles Schwab by 14.1% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 24,845 shares of the financial services provider’s stock valued at $2,095,000 after buying an additional 3,069 shares during the last quarter. Sheets Smith Investment Management boosted its position in Charles Schwab by 3.2% in the 1st quarter. Sheets Smith Investment Management now owns 21,824 shares of the financial services provider’s stock valued at $1,840,000 after buying an additional 674 shares during the last quarter. Latitude Advisors LLC boosted its position in Charles Schwab by 37.6% in the 1st quarter. Latitude Advisors LLC now owns 10,887 shares of the financial services provider’s stock valued at $918,000 after buying an additional 2,977 shares during the last quarter. Tranquility Partners LLC boosted its position in Charles Schwab by 1.0% in the 1st quarter. Tranquility Partners LLC now owns 17,653 shares of the financial services provider’s stock valued at $1,488,000 after buying an additional 181 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its position in Charles Schwab by 36.2% in the 1st quarter. Park Avenue Securities LLC now owns 6,939 shares of the financial services provider’s stock valued at $585,000 after buying an additional 1,844 shares during the last quarter. 71.58% of the stock is owned by institutional investors.

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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Insider Buying and Selling by Quarter for Charles Schwab (NYSE:SCHW)

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