Joseph R. Martinetto Sells 43,000 Shares of The Charles Schwab Co. (NYSE:SCHW) Stock

The Charles Schwab Co. (NYSE:SCHW) COO Joseph R. Martinetto sold 43,000 shares of the firm’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $70.83, for a total transaction of $3,045,690.00. Following the completion of the transaction, the chief operating officer now owns 41,414 shares in the company, valued at $2,933,353.62. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Charles Schwab Stock Up 0.7 %

Shares of SCHW opened at $73.42 on Friday. The Charles Schwab Co. has a 12 month low of $45.65 and a 12 month high of $73.88. The stock has a market cap of $130.40 billion, a price-to-earnings ratio of 30.72, a P/E/G ratio of 1.06 and a beta of 1.01. The company has a 50-day moving average price of $68.58 and a two-hundred day moving average price of $63.02. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82.

Charles Schwab (NYSE:SCHW) last posted its 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. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. The business had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.49 billion. During the same quarter last year, the company earned $1.07 EPS. Charles Schwab’s revenue was down 18.9% on a year-over-year basis. Equities analysts predict that The Charles Schwab Co. will post 3.43 EPS for the current fiscal 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 paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.36%. Charles Schwab’s dividend payout ratio is presently 41.84%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SCHW. Barclays raised their price target on Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a research report on Tuesday. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Piper Sandler increased their price objective on Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Bank of America boosted their target price on shares of Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a research report on Tuesday. Finally, Citigroup increased their price target on shares of Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Charles Schwab currently has a consensus rating of “Hold” and an average price target of $74.47.

Institutional Investors Weigh In On Charles Schwab

Several large investors have recently made changes to their positions in SCHW. Providence Capital Advisors LLC acquired a new position in Charles Schwab in the third quarter valued at about $28,000. Main Street Group LTD acquired a new position in shares of Charles Schwab in the 4th quarter worth approximately $29,000. Sugarloaf Wealth Management LLC grew its position in Charles Schwab by 60.0% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 165 shares during the last quarter. Frazier Financial Advisors LLC acquired a new stake in Charles Schwab during the 4th quarter valued at $30,000. Finally, Wetzel Investment Advisors Inc. bought a new position in Charles Schwab in the 4th quarter valued at $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.