The Charles Schwab Co. (NYSE:SCHW) CFO Peter B. Crawford Sells 5,482 Shares of Stock

The Charles Schwab Co. (NYSE:SCHW) CFO Peter B. Crawford sold 5,482 shares of Charles Schwab stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $73.46, for a total value of $402,707.72. Following the completion of the sale, the chief financial officer now owns 60,567 shares of the company’s stock, valued at $4,449,251.82. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Charles Schwab Stock Performance

Shares of Charles Schwab stock opened at $72.92 on Friday. The stock’s fifty day moving average is $68.38 and its two-hundred day moving average is $62.89. The company 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. 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 Charles Schwab Co. has a 52 week low of $45.65 and a 52 week high of $73.88.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data 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. The company had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.49 billion. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. Charles Schwab’s quarterly revenue was down 18.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.07 EPS. As a group, analysts expect that The Charles Schwab Co. will post 3.43 earnings per share for the current year.

Charles Schwab Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SCHW. Keefe, Bruyette & Woods boosted their price target on Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a research note on Tuesday. TD Cowen boosted their price objective on Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday. JMP Securities reiterated a “market outperform” rating and set a $80.00 price objective on shares of Charles Schwab in a research note on Tuesday. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Finally, Morgan Stanley boosted their price target on Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $74.47.

Hedge Funds Weigh In On Charles Schwab

A number of hedge funds and other institutional investors have recently made changes to their positions in SCHW. Price T Rowe Associates Inc. MD grew its position in shares of Charles Schwab by 33.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 69,360,233 shares of the financial services provider’s stock worth $4,771,985,000 after buying an additional 17,369,091 shares in the last quarter. Norges Bank bought a new position in shares of Charles Schwab during the 4th quarter worth $1,325,555,000. Morgan Stanley grew its position in shares of Charles Schwab by 62.5% during the 4th quarter. Morgan Stanley now owns 22,255,649 shares of the financial services provider’s stock worth $1,853,005,000 after buying an additional 8,563,389 shares in the last quarter. Dodge & Cox grew its position in shares of Charles Schwab by 10.5% during the 4th quarter. Dodge & Cox now owns 86,421,986 shares of the financial services provider’s stock worth $5,945,833,000 after buying an additional 8,182,467 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Charles Schwab by 26.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 29,775,952 shares of the financial services provider’s stock worth $1,634,700,000 after purchasing an additional 6,195,934 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

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.