The Charles Schwab Co. (NYSE:SCHW) Short Interest Update


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The Charles Schwab Co. (NYSE:SCHW) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totalling 13,260,000 shares, a decline of 21.3% from the March 31st total of 16,850,000 shares. Based on an average daily volume of 7,960,000 shares, the short-interest ratio is presently 1.7 days.

In other The Charles Schwab news, Director William S. Haraf sold 7,866 shares of The Charles Schwab stock in a transaction on Tuesday, February 16th. The shares were sold at an average price of $61.25, for a total value of $481,792.50. Following the completion of the sale, the director now directly owns 38,838 shares of the company’s stock, valued at $2,378,827.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Walter W. Bettinger sold 242,002 shares of The Charles Schwab stock in a transaction on Thursday, April 29th. The shares were sold at an average price of $70.68, for a total transaction of $17,104,701.36. Following the completion of the sale, the chief executive officer now directly owns 332,584 shares of the company’s stock, valued at $23,507,037.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,305,954 shares of company stock valued at $145,975,294. Insiders own 10.80% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Joseph P. Lucia & Associates LLC bought a new stake in The Charles Schwab during the 4th quarter worth approximately $26,000. IronBridge Private Wealth LLC bought a new stake in The Charles Schwab during the 4th quarter worth approximately $27,000. Carolina Wealth Advisors LLC increased its holdings in The Charles Schwab by 87.3% during the 1st quarter. Carolina Wealth Advisors LLC now owns 515 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 240 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in The Charles Schwab during the 4th quarter worth approximately $35,000. Finally, SOA Wealth Advisors LLC. bought a new stake in The Charles Schwab during the 4th quarter worth approximately $38,000. 77.47% of the stock is currently owned by institutional investors.

Several equities research analysts have recently commented on the stock. JMP Securities raised shares of The Charles Schwab from a “market perform” rating to a “market outperform” rating and set a $80.00 target price for the company in a research report on Thursday, April 15th. JPMorgan Chase & Co. boosted their target price on shares of The Charles Schwab from $79.00 to $81.00 and gave the stock an “overweight” rating in a research report on Thursday, April 15th. Barclays boosted their target price on shares of The Charles Schwab from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, April 23rd. Bank of America raised shares of The Charles Schwab from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $52.00 to $68.00 in a research report on Tuesday, January 12th. Finally, Morgan Stanley boosted their target price on shares of The Charles Schwab from $83.00 to $86.00 and gave the stock an “overweight” rating in a research report on Monday. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The Charles Schwab currently has an average rating of “Buy” and an average price target of $75.59.

SCHW traded down $0.85 during midday trading on Tuesday, reaching $70.09. The company had a trading volume of 10,860,852 shares, compared to its average volume of 8,357,281. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a market cap of $126.58 billion, a PE ratio of 32.45 and a beta of 1.17. The Charles Schwab has a 12-month low of $31.63 and a 12-month high of $72.16. The business has a 50-day moving average price of $66.64 and a two-hundred day moving average price of $56.39.

The Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Wednesday, April 14th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.02. The Charles Schwab had a net margin of 29.80% and a return on equity of 13.52%. The company had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same quarter in the previous year, the firm posted $0.62 earnings per share. The company’s quarterly revenue was up 80.2% compared to the same quarter last year. On average, research analysts anticipate that The Charles Schwab will post 2.39 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 28th. Stockholders of record on Friday, May 14th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Thursday, May 13th. The Charles Schwab’s dividend payout ratio (DPR) is currently 26.47%.

The 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 in 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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