The Charles Schwab Co. (NYSE:SCHW) CFO Peter B. Crawford Purchases 5,000 Shares

The Charles Schwab Co. (NYSE:SCHW – Get Rating) CFO Peter B. Crawford bought 5,000 shares of the business’s stock in a transaction dated Tuesday, March 14th. The shares were bought at an average cost of $57.96 per share, with a total value of $289,800.00. Following the purchase, the chief financial officer now directly owns 44,725 shares of the company’s stock, valued at $2,592,261. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Charles Schwab Stock Performance

NYSE:SCHW opened at $56.68 on Wednesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.38 and a quick ratio of 0.38. The firm has a market capitalization of $101.54 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 0.91 and a beta of 0.93. The company’s 50-day moving average is $78.02 and its two-hundred day moving average is $76.94. The Charles Schwab Co. has a 1-year low of $45.00 and a 1-year high of $93.16.

Charles Schwab (NYSE:SCHW – Get Rating) last issued its quarterly earnings data on Wednesday, January 18th. The financial services provider reported $1.07 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.03). Charles Schwab had a return on equity of 24.94% and a net margin of 34.60%. The company had revenue of $5.50 billion during the quarter, compared to analyst estimates of $5.55 billion. During the same quarter in the prior year, the company posted $0.86 earnings per share. The business’s revenue was up 16.8% compared to the same quarter last year. Analysts forecast that The Charles Schwab Co. will post 4.32 EPS for the current year.

Charles Schwab Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 24th. Stockholders of record on Friday, February 10th were issued a $0.25 dividend. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend was Thursday, February 9th. Charles Schwab’s dividend payout ratio is currently 28.57%.

Hedge Funds Weigh In On Charles Schwab

Large investors have recently made changes to their positions in the stock. Toronto Dominion Bank lifted its holdings in Charles Schwab by 32,224.4% during the 4th quarter. Toronto Dominion Bank now owns 225,994,826 shares of the financial services provider’s stock worth $18,816,289,000 after buying an additional 225,295,680 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Charles Schwab by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 124,437,061 shares of the financial services provider’s stock worth $8,943,291,000 after buying an additional 2,589,952 shares in the last quarter. Dodge & Cox lifted its holdings in Charles Schwab by 9.4% during the 2nd quarter. Dodge & Cox now owns 79,042,463 shares of the financial services provider’s stock worth $4,993,903,000 after buying an additional 6,803,282 shares in the last quarter. State Street Corp lifted its holdings in Charles Schwab by 1.1% during the 3rd quarter. State Street Corp now owns 65,566,364 shares of the financial services provider’s stock worth $4,712,255,000 after buying an additional 717,683 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Charles Schwab by 2.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 33,417,491 shares of the financial services provider’s stock valued at $2,111,317,000 after purchasing an additional 851,066 shares during the last quarter. 73.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on SCHW shares. Keefe, Bruyette & Woods upped their price objective on shares of Charles Schwab from $88.00 to $94.00 and gave the company an “outperform” rating in a research note on Thursday, January 12th. Morgan Stanley dropped their price objective on shares of Charles Schwab from $104.00 to $99.00 and set an “overweight” rating for the company in a research note on Monday, January 30th. Piper Sandler dropped their price objective on shares of Charles Schwab from $100.00 to $95.00 in a research note on Tuesday. Citigroup raised shares of Charles Schwab from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $83.00 to $75.00 in a research note on Monday. Finally, William Blair reaffirmed an “outperform” rating on shares of Charles Schwab in a research note on Tuesday, January 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $87.88.

Charles Schwab Company Profile

(Get Rating)

The Charles Schwab Corp. is a savings and loan holding company, which engages in the provision of wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. It operates through the Investor Services and Advisor Services segments. The Investor Services segment includes retail brokerage and banking services to individual investors, and retirement plan services, as well as other corporate brokerage services, to businesses and their employees.