The Charles Schwab Co. (NYSE:SCHW) General Counsel Sells $1,771,079.60 in Stock

The Charles Schwab Co. (NYSE:SCHW) General Counsel Peter J. Morgan III sold 24,520 shares of the firm’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $72.23, for a total value of $1,771,079.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Charles Schwab Stock Performance

Shares of SCHW stock opened at $72.92 on Friday. The Charles Schwab Co. has a 52-week low of $45.65 and a 52-week high of $73.88. The stock’s 50-day moving average price is $68.38 and its 200 day moving average price is $62.89. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $129.51 billion, a PE ratio of 30.51, a price-to-earnings-growth ratio of 1.06 and a beta of 1.01.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.68 EPS for the quarter, topping the consensus estimate of $0.64 by $0.04. The business had revenue of $4.46 billion during the quarter, compared to analysts’ expectations of $4.49 billion. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. The company’s quarterly revenue was down 18.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.07 earnings per share. As a group, equities research analysts forecast 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. Stockholders of record on Friday, February 9th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Thursday, February 8th. Charles Schwab’s payout ratio is 41.84%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Main Street Group LTD purchased a new position in shares of Charles Schwab during the 4th quarter worth approximately $29,000. Tributary Capital Management LLC purchased a new position in Charles Schwab in the first quarter worth $31,000. Sugarloaf Wealth Management LLC lifted its holdings in Charles Schwab by 60.0% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 165 shares during the period. Frazier Financial Advisors LLC acquired a new position in shares of Charles Schwab during the 4th quarter worth $30,000. Finally, Wetzel Investment Advisors Inc. purchased a new position in shares of Charles Schwab in the 4th quarter valued at about $31,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SCHW has been the subject of several recent analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $80.00 price objective on shares of Charles Schwab in a research report on Tuesday. Bank of America increased their price objective on Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a report on Tuesday. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $71.00 price target (up from $70.00) on shares of Charles Schwab in a report on Wednesday, January 3rd. Morgan Stanley raised their price objective on shares of Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a report on Tuesday. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus 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.