Charles Schwab Co. (SCHW) Insider Sells $1,719,638.94 in Stock

Charles Schwab Co. (NYSE:SCHW) insider Marie A. Chandoha sold 31,386 shares of the business’s stock in a transaction that occurred on Friday, April 20th. The shares were sold at an average price of $54.79, for a total value of $1,719,638.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of SCHW opened at $54.60 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.31 and a quick ratio of 0.30. Charles Schwab Co. has a one year low of $37.63 and a one year high of $58.11. The company has a market cap of $74,554.20, a P/E ratio of 33.29, a PEG ratio of 1.34 and a beta of 1.55.

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Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Monday, April 16th. The financial services provider reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.01. Charles Schwab had a return on equity of 17.20% and a net margin of 28.80%. The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.38 billion. During the same period in the previous year, the business earned $0.39 earnings per share. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. equities analysts predict that Charles Schwab Co. will post 2.44 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 25th. Shareholders of record on Friday, May 11th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Thursday, May 10th. Charles Schwab’s dividend payout ratio (DPR) is currently 24.39%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Zeke Capital Advisors LLC lifted its stake in shares of Charles Schwab by 4.8% in the 4th quarter. Zeke Capital Advisors LLC now owns 21,903 shares of the financial services provider’s stock valued at $1,125,000 after purchasing an additional 994 shares during the last quarter. Laurel Wealth Advisors Inc. lifted its stake in shares of Charles Schwab by 12.7% in the 4th quarter. Laurel Wealth Advisors Inc. now owns 8,855 shares of the financial services provider’s stock valued at $454,000 after purchasing an additional 996 shares during the last quarter. Tower Bridge Advisors lifted its stake in shares of Charles Schwab by 0.4% in the 4th quarter. Tower Bridge Advisors now owns 276,921 shares of the financial services provider’s stock valued at $14,225,000 after purchasing an additional 1,011 shares during the last quarter. Frontier Investment Mgmt Co. lifted its stake in shares of Charles Schwab by 8.2% in the 4th quarter. Frontier Investment Mgmt Co. now owns 14,631 shares of the financial services provider’s stock valued at $752,000 after purchasing an additional 1,112 shares during the last quarter. Finally, Global X Management Co. LLC lifted its stake in shares of Charles Schwab by 7.5% in the 4th quarter. Global X Management Co. LLC now owns 16,095 shares of the financial services provider’s stock valued at $827,000 after purchasing an additional 1,125 shares during the last quarter. 80.55% of the stock is currently owned by institutional investors.

A number of analysts have recently commented on SCHW shares. SunTrust Banks restated a “buy” rating on shares of Charles Schwab in a research report on Wednesday, February 14th. Argus boosted their price objective on Charles Schwab from $59.00 to $69.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Credit Suisse Group restated a “buy” rating and issued a $64.00 price objective (up from $55.00) on shares of Charles Schwab in a research report on Friday, January 12th. Citigroup restated a “buy” rating and issued a $60.00 price objective (up from $52.00) on shares of Charles Schwab in a research report on Tuesday, January 9th. Finally, Jefferies Group restated a “buy” rating and issued a $65.00 price objective on shares of Charles Schwab in a research report on Friday, April 20th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $55.53.

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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.

Insider Buying and Selling by Quarter for Charles Schwab (NYSE:SCHW)

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