Charles Schwab Co. (NYSE:SCHW) EVP Jonathan M. Craig sold 3,740 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $46.52, for a total transaction of $173,984.80. The sale was disclosed in a legal filing with the SEC, which is available at this link.

NYSE SCHW traded down $0.32 during mid-day trading on Monday, hitting $45.03. The company’s stock had a trading volume of 7,443,640 shares, compared to its average volume of 6,736,862. Charles Schwab Co. has a 52-week low of $37.83 and a 52-week high of $60.22. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.83 and a current ratio of 1.08. The firm has a market capitalization of $60.51 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 1.42 and a beta of 1.32.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.03. The company had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.67 billion. Charles Schwab had a net margin of 34.61% and a return on equity of 20.11%. The business’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.55 earnings per share. Sell-side analysts forecast that Charles Schwab Co. will post 2.77 EPS for the current fiscal year.

Charles Schwab announced that its board has initiated a share repurchase plan on Wednesday, January 30th that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the financial services provider to reacquire up to 6.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Several research analysts recently commented on SCHW shares. Zacks Investment Research lowered shares of Charles Schwab from a “hold” rating to a “sell” rating in a report on Monday, January 14th. UBS Group lowered shares of Charles Schwab from a “neutral” rating to a “sell” rating and cut their price target for the company from $48.00 to $42.00 in a report on Wednesday, February 20th. ValuEngine lowered shares of Charles Schwab from a “hold” rating to a “sell” rating in a report on Friday, February 22nd. Wolfe Research upgraded shares of Charles Schwab from an “underperform” rating to a “market perform” rating in a report on Tuesday, January 8th. Finally, Morgan Stanley cut their price target on shares of Charles Schwab from $60.00 to $55.00 and set an “overweight” rating on the stock in a report on Friday, January 4th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $53.22.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Steinberg Global Asset Management purchased a new stake in shares of Charles Schwab during the first quarter valued at approximately $202,000. Palisade Asset Management LLC raised its stake in shares of Charles Schwab by 233.4% during the first quarter. Palisade Asset Management LLC now owns 23,569 shares of the financial services provider’s stock valued at $1,008,000 after purchasing an additional 16,500 shares during the period. Horan Capital Management raised its stake in shares of Charles Schwab by 0.3% during the first quarter. Horan Capital Management now owns 298,776 shares of the financial services provider’s stock valued at $12,775,000 after purchasing an additional 1,035 shares during the period. Raymond James Trust N.A. raised its stake in shares of Charles Schwab by 28.1% during the first quarter. Raymond James Trust N.A. now owns 11,872 shares of the financial services provider’s stock valued at $508,000 after purchasing an additional 2,603 shares during the period. Finally, Sciencast Management LP purchased a new stake in shares of Charles Schwab during the first quarter valued at approximately $1,267,000. Institutional investors own 80.06% of the company’s stock.

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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.

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

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