The Charles Schwab Co. (NYSE:SCHW) EVP Sells $472,720.00 in Stock

The Charles Schwab Co. (NYSE:SCHW) EVP Jonathan M. Craig sold 4,976 shares of the firm’s stock in a transaction that occurred on Wednesday, January 12th. The shares were sold at an average price of $95.00, for a total value of $472,720.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NYSE SCHW opened at $95.53 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.41. The business has a fifty day simple moving average of $83.80 and a two-hundred day simple moving average of $77.22. The firm has a market cap of $173.03 billion, a PE ratio of 36.32, a price-to-earnings-growth ratio of 0.95 and a beta of 1.04. The Charles Schwab Co. has a twelve month low of $50.76 and a twelve month high of $95.62.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Thursday, October 14th. The financial services provider reported $0.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.03. The business had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.51 billion. Charles Schwab had a return on equity of 13.53% and a net margin of 30.08%. Charles Schwab’s revenue was up 86.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 EPS. On average, research analysts expect that The Charles Schwab Co. will post 3.27 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 26th. Shareholders of record on Friday, November 12th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend was Wednesday, November 10th. Charles Schwab’s dividend payout ratio (DPR) is presently 27.38%.

A number of hedge funds and other institutional investors have recently modified their holdings of SCHW. BlackRock Inc. increased its holdings in shares of Charles Schwab by 4.3% in the 2nd quarter. BlackRock Inc. now owns 112,447,685 shares of the financial services provider’s stock valued at $8,187,314,000 after acquiring an additional 4,670,450 shares during the period. Vontobel Holding Ltd. increased its holdings in shares of Charles Schwab by 8.5% in the 3rd quarter. Vontobel Holding Ltd. now owns 19,215 shares of the financial services provider’s stock valued at $1,400,000 after acquiring an additional 1,501 shares during the period. CIBC Asset Management Inc increased its holdings in shares of Charles Schwab by 20.7% in the 3rd quarter. CIBC Asset Management Inc now owns 280,932 shares of the financial services provider’s stock valued at $20,463,000 after acquiring an additional 48,254 shares during the period. JustInvest LLC increased its holdings in shares of Charles Schwab by 15.1% in the 3rd quarter. JustInvest LLC now owns 23,418 shares of the financial services provider’s stock valued at $1,706,000 after acquiring an additional 3,065 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Charles Schwab by 11.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 14,417,167 shares of the financial services provider’s stock valued at $1,049,714,000 after acquiring an additional 1,538,627 shares during the period. 71.35% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group raised their price objective on Charles Schwab from $83.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft raised their price objective on Charles Schwab from $120.00 to $122.00 in a research note on Thursday. Citigroup raised their price objective on Charles Schwab from $98.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, October 22nd. Piper Sandler raised their price objective on Charles Schwab from $90.00 to $100.00 in a research note on Monday, January 10th. Finally, Jefferies Financial Group raised their price objective on Charles Schwab from $89.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, October 22nd. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $93.28.

Charles Schwab Company Profile

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.

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

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