Peter B. Crawford Sells 5,481 Shares of The Charles Schwab Co. (NYSE:SCHW) Stock

The Charles Schwab Co. (NYSE:SCHW) CFO Peter B. Crawford sold 5,481 shares of the business’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $75.51, for a total value of $413,870.31. Following the transaction, the chief financial officer now directly owns 60,567 shares of the company’s stock, valued at $4,573,414.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Charles Schwab Price Performance

Charles Schwab stock opened at $74.99 on Friday. The Charles Schwab Co. has a 12 month low of $45.65 and a 12 month high of $75.55. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43. The business has a 50 day simple moving average of $69.68 and a 200-day simple moving average of $63.92. The stock has a market capitalization of $133.19 billion, a PE ratio of 31.38, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, May 9th. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

Institutional Investors Weigh In On Charles Schwab

Large investors have recently modified their holdings of the stock. Providence Capital Advisors LLC purchased a new stake in shares of Charles Schwab during the third quarter worth approximately $28,000. Sugarloaf Wealth Management LLC raised its stake in shares of Charles Schwab by 60.0% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 165 shares during the last quarter. Frazier Financial Advisors LLC acquired a new position in Charles Schwab during the fourth quarter worth $30,000. Wetzel Investment Advisors Inc. acquired a new position in Charles Schwab during the fourth quarter worth $31,000. Finally, Tributary Capital Management LLC acquired a new position in Charles Schwab during the first quarter worth $31,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on SCHW. JPMorgan Chase & Co. boosted 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, April 16th. Piper Sandler boosted their target price on Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Bank of America boosted their target price on Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 16th. JMP Securities restated a “market outperform” rating and set a $80.00 target price on shares of Charles Schwab in a research note on Tuesday, April 16th. Finally, Barclays boosted their target price on Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Charles Schwab presently has an average rating of “Hold” and a consensus price target of $74.47.

About Charles Schwab

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.