The Charles Schwab Co. (NYSE:SCHW) General Counsel Peter J. Morgan III Sells 14,643 Shares

The Charles Schwab Co. (NYSE:SCHW) General Counsel Peter J. Morgan III sold 14,643 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total value of $1,181,690.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Charles Schwab Stock Performance

Shares of Charles Schwab stock opened at $81.67 on Friday. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $83.35. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The business has a 50-day moving average price of $77.78 and a two-hundred day moving average price of $70.82. The company has a market cap of $145.34 billion, a P/E ratio of 27.31, a PEG ratio of 1.46 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.11. The company had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5,190,822.51 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.68 earnings per share. As a group, analysts anticipate that The Charles Schwab Co. will post 4.09 EPS for the current year.

Institutional Investors Weigh In On Charles Schwab

A number of large investors have recently added to or reduced their stakes in the company. Washington Trust Advisors Inc. grew its position in shares of Charles Schwab by 62.6% in the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after buying an additional 149 shares during the period. Capital Performance Advisors LLP purchased a new stake in Charles Schwab in the third quarter worth about $25,000. Prospera Private Wealth LLC bought a new position in shares of Charles Schwab during the third quarter valued at approximately $31,000. Future Financial Wealth Managment LLC purchased a new position in shares of Charles Schwab during the third quarter valued at approximately $32,000. Finally, Hazlett Burt & Watson Inc. bought a new stake in shares of Charles Schwab in the 3rd quarter worth approximately $33,000. Institutional investors own 84.38% of the company’s stock.

Analyst Ratings Changes

SCHW has been the subject of a number of recent analyst reports. JMP Securities reaffirmed a “market outperform” rating and issued a $94.00 price target (up from $84.00) on shares of Charles Schwab in a research note on Monday, December 9th. Morgan Stanley upped their target price on shares of Charles Schwab from $74.00 to $84.00 and gave the company an “equal weight” rating in a research note on Friday, January 17th. Cowen lifted their price target on shares of Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. Truist Financial restated a “buy” rating and issued a $90.00 price objective (up previously from $86.00) on shares of Charles Schwab in a research report on Wednesday. Finally, JPMorgan Chase & Co. lifted their target price on Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Charles Schwab has an average rating of “Hold” and an average price target of $83.83.

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.