Insider Selling: The Charles Schwab Co. (NYSE:SCHW) CFO Sells 6,114 Shares of Stock

The Charles Schwab Co. (NYSE:SCHW) CFO Peter B. Crawford sold 6,114 shares of the business’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $71.02, for a total value of $434,216.28. Following the completion of the sale, the chief financial officer now directly owns 60,567 shares of the company’s stock, valued at $4,301,468.34. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Charles Schwab Stock Performance

Charles Schwab stock opened at $73.42 on Friday. The stock’s 50 day simple moving average is $68.58 and its two-hundred day simple moving average is $63.02. 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 market cap of $130.40 billion, a price-to-earnings ratio of 30.72, a PEG ratio of 1.06 and a beta of 1.01. The Charles Schwab Co. has a fifty-two week low of $45.65 and a fifty-two week high of $73.88.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share 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 business had revenue of $4.46 billion for the quarter, compared to analysts’ expectations of $4.49 billion. During the same period in the previous year, the firm posted $1.07 EPS. The business’s revenue was down 18.9% on a year-over-year basis. As a group, analysts expect that The Charles Schwab Co. will post 3.43 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were given a $0.25 dividend. The ex-dividend date was Thursday, February 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.36%. Charles Schwab’s dividend payout ratio is currently 41.84%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SCHW shares. Piper Sandler boosted their target price on Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Barclays increased their price objective on Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Keefe, Bruyette & Woods increased their price objective on Charles Schwab from $75.00 to $76.00 and gave the stock a “market perform” rating in a research report on Tuesday. Bank of America increased their target price on Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a research note on Tuesday. Finally, TD Cowen increased their target price on Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday. Three 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $74.47.

Institutional Trading of Charles Schwab

A number of hedge funds have recently made changes to their positions in the stock. Dodge & Cox boosted its position in shares of Charles Schwab by 10.5% in the 4th quarter. Dodge & Cox now owns 86,421,986 shares of the financial services provider’s stock worth $5,945,833,000 after purchasing an additional 8,182,467 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Charles Schwab by 33.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 69,360,233 shares of the financial services provider’s stock valued at $4,771,985,000 after acquiring an additional 17,369,091 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Charles Schwab by 4.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 30,994,967 shares of the financial services provider’s stock valued at $2,132,454,000 after acquiring an additional 1,219,015 shares in the last quarter. Geode Capital Management LLC lifted its position in Charles Schwab by 1.5% in the 1st quarter. Geode Capital Management LLC now owns 27,050,168 shares of the financial services provider’s stock valued at $1,413,244,000 after acquiring an additional 391,238 shares in the last quarter. Finally, Morgan Stanley lifted its position in Charles Schwab by 62.5% in the 4th quarter. Morgan Stanley now owns 22,255,649 shares of the financial services provider’s stock valued at $1,853,005,000 after acquiring an additional 8,563,389 shares in the last quarter. 84.38% of the stock is owned by institutional investors.

Charles Schwab Company Profile

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.