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 firm’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $70.86, for a total value of $503,106.00. Following the transaction, the director now owns 19,917 shares of the company’s stock, valued at $1,411,318.62. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Charles Schwab Trading Up 0.6 %

NYSE:SCHW opened at $72.92 on Friday. The firm has a market cap of $129.51 billion, a P/E ratio of 30.51, a PEG ratio of 1.06 and a beta of 1.01. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82. The stock’s 50 day simple moving average is $68.38 and its 200-day simple moving average is $62.89. The Charles Schwab Co. has a 12-month low of $45.65 and a 12-month high of $73.88.

Charles Schwab (NYSE:SCHW) last released its earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share (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 company’s revenue for the quarter was down 18.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.07 earnings per share. Equities analysts anticipate that The Charles Schwab Co. will post 3.43 EPS for the current year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.37%. Charles Schwab’s payout ratio is 41.84%.

Institutional Trading of Charles Schwab

Several institutional investors and hedge funds have recently made changes to their positions in SCHW. Vontobel Holding Ltd. lifted its position in shares of Charles Schwab by 7.5% in the first quarter. Vontobel Holding Ltd. now owns 20,822 shares of the financial services provider’s stock valued at $1,847,000 after acquiring an additional 1,452 shares in the last quarter. Moors & Cabot Inc. lifted its position in shares of Charles Schwab by 4.3% in the first quarter. Moors & Cabot Inc. now owns 6,263 shares of the financial services provider’s stock valued at $528,000 after acquiring an additional 259 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Charles Schwab by 25.4% in the first quarter. Sequoia Financial Advisors LLC now owns 13,064 shares of the financial services provider’s stock valued at $1,101,000 after acquiring an additional 2,648 shares in the last quarter. Brighton Jones LLC lifted its position in shares of Charles Schwab by 7.5% in the first quarter. Brighton Jones LLC now owns 3,807 shares of the financial services provider’s stock valued at $321,000 after acquiring an additional 267 shares in the last quarter. Finally, Covestor Ltd lifted its position in shares of Charles Schwab by 16.6% in the first quarter. Covestor Ltd now owns 1,239 shares of the financial services provider’s stock valued at $104,000 after acquiring an additional 176 shares in the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on SCHW. The Goldman Sachs Group restated a “neutral” rating and set a $71.00 target price (up from $70.00) on shares of Charles Schwab in a report on Wednesday, January 3rd. Keefe, Bruyette & Woods lifted their price objective on Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft lifted their price objective on Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Piper Sandler lifted their price objective on Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Finally, Morgan Stanley raised their target price 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 analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price 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.