The Charles Schwab Co. (NYSE:SCHW) Director Sells $503,106.00 in Stock

The Charles Schwab Co. (NYSE:SCHW) Director Mark A. Goldfarb sold 7,100 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $70.86, for a total value of $503,106.00. Following the sale, the director now owns 19,917 shares of the company’s stock, valued at approximately $1,411,318.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Charles Schwab Stock Up 0.7 %

Charles Schwab stock opened at $73.42 on Friday. 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 firm has a market capitalization of $130.40 billion, a price-to-earnings ratio of 30.72, a price-to-earnings-growth 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. The stock’s fifty day moving average is $68.58 and its two-hundred day moving average is $63.02.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. The business had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.49 billion. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. The business’s revenue for the quarter was down 18.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.07 earnings per share. Analysts predict that The Charles Schwab Co. will post 3.43 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

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

Institutional Trading of Charles Schwab

A number of large investors have recently made changes to their positions in the stock. Maryland State Retirement & Pension System boosted its stake in shares of Charles Schwab by 0.9% during the first quarter. Maryland State Retirement & Pension System now owns 116,372 shares of the financial services provider’s stock valued at $8,425,000 after acquiring an additional 986 shares during the last quarter. Mezzasalma Advisors LLC boosted its stake in shares of Charles Schwab by 10.1% during the first quarter. Mezzasalma Advisors LLC now owns 74,974 shares of the financial services provider’s stock valued at $5,424,000 after acquiring an additional 6,865 shares during the last quarter. Veracity Capital LLC boosted its stake in shares of Charles Schwab by 58.4% during the first quarter. Veracity Capital LLC now owns 9,452 shares of the financial services provider’s stock valued at $684,000 after acquiring an additional 3,484 shares during the last quarter. Marshall Financial Group LLC boosted its stake in shares of Charles Schwab by 15.3% during the first quarter. Marshall Financial Group LLC now owns 3,772 shares of the financial services provider’s stock valued at $273,000 after acquiring an additional 500 shares during the last quarter. Finally, Tran Capital Management L.P. boosted its stake in shares of Charles Schwab by 128.6% during the first quarter. Tran Capital Management L.P. now owns 433,211 shares of the financial services provider’s stock valued at $31,338,000 after acquiring an additional 243,695 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on SCHW. 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. The Goldman Sachs Group reiterated a “neutral” rating and issued a $71.00 price objective (up previously from $70.00) on shares of Charles Schwab in a research report on Wednesday, January 3rd. JMP Securities reiterated a “market outperform” rating and issued a $80.00 price objective on shares of Charles Schwab in a research report on Tuesday. JPMorgan Chase & Co. increased their price objective on Charles Schwab from $86.00 to $89.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Morgan Stanley increased their price objective on Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Charles Schwab has a consensus rating of “Hold” and a consensus price target of $74.47.

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.