Peter B. Crawford Sells 6,114 Shares of The Charles Schwab Co. (NYSE:SCHW) Stock

The Charles Schwab Co. (NYSE:SCHW) CFO Peter B. Crawford sold 6,114 shares of the stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $71.02, for a total value of $434,216.28. Following the completion of the sale, the chief financial officer now owns 60,567 shares of the company’s stock, valued at $4,301,468.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Charles Schwab Stock Performance

Shares of NYSE SCHW opened at $73.42 on Friday. The stock has a 50 day moving average price of $68.58 and a 200 day moving average price of $63.02. The Charles Schwab Co. has a 52 week low of $45.65 and a 52 week high of $73.88. 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 stock has a market capitalization of $130.40 billion, a PE ratio of 30.72, a price-to-earnings-growth ratio of 1.06 and a beta of 1.01.

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

Charles Schwab Announces Dividend

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

Wall Street Analyst Weigh In

SCHW has been the subject of several recent analyst reports. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Bank of America increased their price target on Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a report on Tuesday. TD Cowen increased their price target on Charles Schwab from $87.00 to $92.00 and gave the stock a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. increased their price target on Charles Schwab from $86.00 to $89.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Barclays increased their price objective on Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a report on Tuesday. Three analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $74.47.

Institutional Trading of Charles Schwab

A number of 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 buying an additional 1,452 shares during 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 buying an additional 259 shares during 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 buying an additional 2,648 shares during the last quarter. Brighton Jones LLC lifted its holdings in Charles Schwab by 7.5% during the 1st quarter. Brighton Jones LLC now owns 3,807 shares of the financial services provider’s stock worth $321,000 after purchasing an additional 267 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in Charles Schwab by 16.6% during the 1st quarter. Covestor Ltd now owns 1,239 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 176 shares during the last quarter. 84.38% of the stock is owned by institutional investors and hedge funds.

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.