The Charles Schwab Co. (NYSE:SCHW) Insider Nigel J. Murtagh Sells 10,000 Shares

The Charles Schwab Co. (NYSE:SCHW) insider Nigel J. Murtagh sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $72.40, for a total value of $724,000.00. Following the transaction, the insider now directly owns 71,446 shares of the company’s stock, valued at approximately $5,172,690.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Charles Schwab Price Performance

NYSE:SCHW opened at $72.92 on Friday. The company has a market cap 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 firm’s fifty day moving average price is $68.38 and its two-hundred day moving average price is $62.89. The Charles Schwab Co. has a one year low of $45.65 and a one year high of $73.88. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43.

Charles Schwab (NYSE:SCHW) last announced 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. The business had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.49 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.86%. Charles Schwab’s revenue was down 18.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.07 EPS. Equities 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. Investors 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 yield of 1.37%. Charles Schwab’s payout ratio is currently 41.84%.

Analysts Set New Price Targets

Several research analysts recently commented on SCHW shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Keefe, Bruyette & Woods raised their price objective on Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a report on Tuesday. The Goldman Sachs Group reiterated a “neutral” rating and set a $71.00 target price (up previously from $70.00) on shares of Charles Schwab in a report on Wednesday, January 3rd. JPMorgan Chase & Co. raised their price target on Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, TD Cowen upped their price objective on Charles Schwab from $87.00 to $92.00 and gave the stock 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. Based on data from MarketBeat, Charles Schwab presently has an average rating of “Hold” and an average price target of $74.47.

Institutional Investors Weigh In On Charles Schwab

Several institutional investors and hedge funds have recently bought and sold shares of the company. Providence Capital Advisors LLC acquired a new stake in shares of Charles Schwab in the 3rd quarter valued at about $28,000. Main Street Group LTD purchased a new stake in Charles Schwab in the 4th quarter valued at $29,000. Sugarloaf Wealth Management LLC raised its holdings in shares of Charles Schwab by 60.0% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 165 shares during the last quarter. Frazier Financial Advisors LLC purchased a new position in Charles Schwab during the fourth quarter worth about $30,000. Finally, Wetzel Investment Advisors Inc. bought a new stake in Charles Schwab in the 4th quarter worth about $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.