The Charles Schwab Co. (NYSE:SCHW) General Counsel Peter J. Morgan III Sells 24,520 Shares

The Charles Schwab Co. (NYSE:SCHW) General Counsel Peter J. Morgan III sold 24,520 shares of Charles Schwab stock in a transaction dated Tuesday, April 16th. The shares were 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 SEC, which is available through the SEC website.

Charles Schwab Trading Up 0.6 %

Shares of SCHW stock opened at $72.92 on Friday. The company 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 stock has a 50 day simple moving average of $68.38 and a two-hundred day simple moving average of $62.89. 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 Charles Schwab Co. has a fifty-two week low of $45.65 and a fifty-two week high of $73.88.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. The business had revenue of $4.46 billion during 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%. The firm’s revenue for the quarter was down 18.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.07 earnings per share. Research analysts forecast that The Charles Schwab Co. will post 3.43 earnings per share for the current year.

Charles Schwab Announces Dividend

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

Analyst Upgrades and Downgrades

SCHW has been the topic of a number of recent research reports. The Goldman Sachs Group reissued a “neutral” rating and set a $71.00 price target (up from $70.00) on shares of Charles Schwab in a research note on Wednesday, January 3rd. Raymond James cut their price target on Charles Schwab from $78.00 to $75.00 and set an “outperform” rating on the stock in a research note on Thursday, January 18th. Bank of America lifted their price target on Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a research note on Tuesday. TD Cowen lifted their price target on Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Morgan Stanley raised their price objective 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 investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $74.47.

Institutional Investors Weigh In On Charles Schwab

Several hedge funds and other institutional investors have recently modified their holdings of SCHW. Providence Capital Advisors LLC bought a new stake in shares of Charles Schwab during the third quarter valued at approximately $28,000. Main Street Group LTD bought a new stake in shares of Charles Schwab during the fourth quarter valued at approximately $29,000. Sugarloaf Wealth Management LLC increased its holdings in shares of Charles Schwab by 60.0% during 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 in the last quarter. Frazier Financial Advisors LLC bought a new stake in shares of Charles Schwab during the fourth quarter valued at approximately $30,000. Finally, Wetzel Investment Advisors Inc. bought a new stake in shares of Charles Schwab during the fourth quarter valued at approximately $31,000. Institutional investors own 84.38% of the company’s stock.

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.