Peter B. Crawford Sells 6,114 Shares of The Charles Schwab Co. (NYSE:SCHW) Stock

The Charles Schwab Co. (NYSE:SCHW) CFO Peter B. Crawford sold 6,114 shares of the firm’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $71.02, for a total value of $434,216.28. Following the completion of the sale, the chief financial officer now owns 60,567 shares in the company, valued at $4,301,468.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Charles Schwab Trading Up 0.6 %

Shares of SCHW opened at $72.92 on Friday. The business’s 50-day moving average price is $68.38 and its 200 day moving average price is $62.89. The stock has a market capitalization of $129.51 billion, a P/E ratio of 30.51, a P/E/G ratio of 1.06 and a beta of 1.01. The Charles Schwab Co. has a 1-year low of $45.65 and a 1-year high of $73.88. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82.

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

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors 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 dividend on an annualized basis and a yield of 1.37%. Charles Schwab’s dividend payout ratio is currently 41.84%.

Institutional Investors Weigh In On Charles Schwab

A number of institutional investors have recently bought and sold shares of the business. MBM Wealth Consultants LLC boosted its position in Charles Schwab by 14.0% during the 1st quarter. MBM Wealth Consultants LLC now owns 15,909 shares of the financial services provider’s stock worth $1,151,000 after acquiring an additional 1,951 shares during the period. SeaCrest Wealth Management LLC boosted its position in Charles Schwab by 1.3% during the 1st quarter. SeaCrest Wealth Management LLC now owns 15,855 shares of the financial services provider’s stock worth $1,147,000 after acquiring an additional 198 shares during the period. West Oak Capital LLC boosted its position in Charles Schwab by 1.1% during the 1st quarter. West Oak Capital LLC now owns 29,635 shares of the financial services provider’s stock worth $2,144,000 after acquiring an additional 325 shares during the period. CAP Partners LLC acquired a new stake in Charles Schwab during the 1st quarter worth about $206,000. Finally, Eagle Ridge Investment Management boosted its position in Charles Schwab by 0.4% during the 1st quarter. Eagle Ridge Investment Management now owns 357,029 shares of the financial services provider’s stock worth $25,827,000 after acquiring an additional 1,405 shares during the period. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SCHW has been the topic of a number of recent research reports. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Deutsche Bank Aktiengesellschaft raised their target price on Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Keefe, Bruyette & Woods raised their target price on Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a research note on Tuesday. Citigroup lifted their price objective on shares of Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Finally, TD Cowen lifted their price objective on shares of Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $74.47.

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.