Insider Selling: The Charles Schwab Co. (NYSE:SCHW) General Counsel Sells 24,520 Shares of Stock

The Charles Schwab Co. (NYSE:SCHW) General Counsel Peter J. Morgan III sold 24,520 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $72.23, for a total value of $1,771,079.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Charles Schwab Stock Up 0.6 %

Shares of Charles Schwab stock traded up $0.42 during trading on Thursday, reaching $72.92. 8,207,565 shares of the company traded hands, compared to its average volume of 7,756,188. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43. The Charles Schwab Co. has a 1-year low of $45.65 and a 1-year high of $73.88. The company has a 50 day moving average price of $68.38 and a 200-day moving average price of $62.89. The firm has a market capitalization of $129.51 billion, a PE ratio of 30.51, a P/E/G ratio of 1.10 and a beta of 1.01.

Charles Schwab (NYSE:SCHW) last released its earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. Charles Schwab had a net margin of 26.14% and a return on equity of 19.86%. The company had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.49 billion. During the same quarter in the previous year, the company earned $1.07 EPS. Charles Schwab’s quarterly revenue was down 18.9% compared to the same quarter last year. As a group, equities research analysts expect that The Charles Schwab Co. will post 3.41 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, February 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.37%. Charles Schwab’s payout ratio is presently 41.84%.

Wall Street Analysts Forecast Growth

SCHW has been the subject of several research reports. Bank of America raised their price objective on Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a research note on Tuesday. Piper Sandler lifted their target price on shares of Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Raymond James lowered their price objective on Charles Schwab from $78.00 to $75.00 and set an “outperform” rating on the stock in a report on Thursday, January 18th. Keefe, Bruyette & Woods lifted their target price on shares of Charles Schwab from $75.00 to $76.00 and gave the stock a “market perform” rating in a report on Tuesday. Finally, StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $74.47.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Main Street Group LTD bought a new stake in shares of Charles Schwab in the 4th quarter worth $29,000. Tributary Capital Management LLC bought a new position in Charles Schwab during the first quarter valued at about $31,000. Sugarloaf Wealth Management LLC grew its position in Charles Schwab by 60.0% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after buying an additional 165 shares during the period. Frazier Financial Advisors LLC bought a new position in Charles Schwab during the fourth quarter worth about $30,000. Finally, Wetzel Investment Advisors Inc. bought a new position in Charles Schwab during the fourth quarter worth about $31,000. Institutional investors and hedge funds 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.