Peter B. Crawford Sells 5,482 Shares of The Charles Schwab Co. (NYSE:SCHW) Stock

The Charles Schwab Co. (NYSE:SCHW) CFO Peter B. Crawford sold 5,482 shares of the business’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $73.46, for a total value of $402,707.72. Following the completion of the transaction, the chief financial officer now owns 60,567 shares of the company’s stock, valued at approximately $4,449,251.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Charles Schwab Stock Performance

NYSE:SCHW opened at $73.42 on Friday. The stock has a 50-day simple moving average of $68.58 and a two-hundred day simple moving average of $63.11. The Charles Schwab Co. has a 52-week low of $45.65 and a 52-week high of $73.88. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43. The firm has a market capitalization of $130.40 billion, a PE ratio of 30.72, a P/E/G ratio of 1.07 and a beta of 1.01.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $4.49 billion. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. The business’s quarterly revenue was down 18.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.07 earnings per share. Analysts forecast that The Charles Schwab Co. will post 3.42 EPS for the current year.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Thursday, February 8th. Charles Schwab’s dividend payout ratio (DPR) is 41.84%.

Hedge Funds Weigh In On Charles Schwab

A number of hedge funds have recently made changes to their positions in SCHW. Vontobel Holding Ltd. boosted its stake in shares of Charles Schwab by 7.5% in the first quarter. Vontobel Holding Ltd. now owns 20,822 shares of the financial services provider’s stock worth $1,847,000 after acquiring an additional 1,452 shares during the period. Moors & Cabot Inc. raised its position in Charles Schwab by 4.3% during the first quarter. Moors & Cabot Inc. now owns 6,263 shares of the financial services provider’s stock valued at $528,000 after purchasing an additional 259 shares during the period. Sequoia Financial Advisors LLC raised its position in Charles Schwab by 25.4% during the first quarter. Sequoia Financial Advisors LLC now owns 13,064 shares of the financial services provider’s stock valued at $1,101,000 after purchasing an additional 2,648 shares during the period. Brighton Jones LLC raised its position in Charles Schwab by 7.5% during the first quarter. Brighton Jones LLC now owns 3,807 shares of the financial services provider’s stock valued at $321,000 after purchasing an additional 267 shares during the period. Finally, Covestor Ltd raised its position in Charles Schwab by 16.6% during the first quarter. Covestor Ltd now owns 1,239 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 176 shares during the period. Institutional investors own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Bank of America boosted their price target on Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 16th. Barclays boosted their price target on Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 16th. Piper Sandler boosted their price target on Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Morgan Stanley boosted their price target on Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Finally, Citigroup boosted their price target on Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Charles Schwab currently has an average rating of “Hold” and a consensus price target of $74.47.

About Charles Schwab

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.