Charles Schwab Co. (NYSE:SCHW) Chairman Charles R. Schwab sold 8,500 shares of Charles Schwab stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $47.76, for a total value of $405,960.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
NYSE SCHW opened at $47.79 on Thursday. The stock has a market capitalization of $59.97 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 2.65 and a beta of 1.34. The stock’s 50 day moving average price is $47.54 and its two-hundred day moving average price is $43.49. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.30 and a current ratio of 0.30. Charles Schwab Co. has a 52 week low of $34.58 and a 52 week high of $51.65.
Charles Schwab (NYSE:SCHW) last released its earnings results on Thursday, January 16th. The financial services provider reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.01. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.60 billion. Charles Schwab had a return on equity of 20.22% and a net margin of 34.55%. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.65 EPS. On average, equities research analysts forecast that Charles Schwab Co. will post 2.61 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.18 per share. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $0.72 annualized dividend and a dividend yield of 1.51%. Charles Schwab’s payout ratio is 25.00%.
Several research firms have recently weighed in on SCHW. Compass Point upgraded Charles Schwab from a “neutral” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Thursday, December 12th. Morgan Stanley lifted their price objective on Charles Schwab from $49.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Keefe, Bruyette & Woods upgraded Charles Schwab from a “market perform” rating to an “outperform” rating and set a $56.00 target price on the stock in a research note on Thursday, December 12th. Barclays upgraded Charles Schwab from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $35.00 to $49.00 in a research note on Wednesday, November 27th. Finally, UBS Group upgraded Charles Schwab from a “sell” rating to a “neutral” rating and boosted their target price for the company from $35.00 to $50.00 in a research note on Monday, December 2nd. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $49.73.
Several large investors have recently bought and sold shares of SCHW. Venturi Wealth Management LLC acquired a new position in shares of Charles Schwab during the 3rd quarter worth approximately $26,000. Winslow Evans & Crocker Inc. increased its position in shares of Charles Schwab by 78.0% during the 4th quarter. Winslow Evans & Crocker Inc. now owns 584 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 256 shares during the last quarter. Princeton Global Asset Management LLC acquired a new position in shares of Charles Schwab during the 4th quarter worth approximately $31,000. Flagship Harbor Advisors LLC increased its position in shares of Charles Schwab by 303.0% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 802 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 603 shares during the last quarter. Finally, Thor Advisors LLC acquired a new position in shares of Charles Schwab during the 3rd quarter worth approximately $34,000. 78.69% of the stock is currently owned by hedge funds and other institutional investors.
Charles Schwab Company Profile
The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.
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