The Charles Schwab Co. (NYSE:SCHW) Director Mark A. Goldfarb Sells 7,100 Shares

The Charles Schwab Co. (NYSE:SCHW) Director Mark A. Goldfarb sold 7,100 shares of the company’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $70.86, for a total value of $503,106.00. Following the completion of the transaction, the director now directly owns 19,917 shares of the company’s stock, valued at approximately $1,411,318.62. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Charles Schwab Stock Up 0.6 %

NYSE SCHW traded up $0.42 on Thursday, hitting $72.92. 8,207,565 shares of the company were exchanged, compared to its average volume of 7,756,188. The Charles Schwab Co. has a 12 month low of $45.65 and a 12 month high of $73.88. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82. The company has a market cap of $129.51 billion, a PE ratio of 30.51, a PEG ratio of 1.10 and a beta of 1.01. The stock has a fifty day moving average of $68.38 and a 200-day moving average of $62.89.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $4.49 billion. During the same quarter in the prior year, the firm earned $1.07 EPS. The business’s revenue was down 18.9% on a year-over-year basis. As a group, analysts forecast that The Charles Schwab Co. will post 3.41 earnings per share for the current year.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were issued a $0.25 dividend. The ex-dividend date was Thursday, February 8th. This represents a $1.00 annualized dividend and a yield of 1.37%. Charles Schwab’s payout ratio is currently 41.84%.

Institutional Investors Weigh In On Charles Schwab

Several hedge funds and other institutional investors have recently modified their holdings of SCHW. MBM Wealth Consultants LLC grew its holdings in shares of Charles Schwab by 14.0% during the first quarter. MBM Wealth Consultants LLC now owns 15,909 shares of the financial services provider’s stock valued at $1,151,000 after buying an additional 1,951 shares during the last quarter. SeaCrest Wealth Management LLC lifted its position in Charles Schwab by 1.3% in the 1st quarter. SeaCrest Wealth Management LLC now owns 15,855 shares of the financial services provider’s stock valued at $1,147,000 after acquiring an additional 198 shares in the last quarter. West Oak Capital LLC boosted its stake in Charles Schwab by 1.1% during the 1st quarter. West Oak Capital LLC now owns 29,635 shares of the financial services provider’s stock valued at $2,144,000 after purchasing an additional 325 shares during the last quarter. CAP Partners LLC bought a new stake in Charles Schwab during the 1st quarter worth approximately $206,000. Finally, Eagle Ridge Investment Management raised its stake in shares of Charles Schwab by 0.4% in the first quarter. Eagle Ridge Investment Management now owns 357,029 shares of the financial services provider’s stock worth $25,827,000 after purchasing an additional 1,405 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

Analysts Set New Price Targets

SCHW has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft upped their price objective on Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. JMP Securities reaffirmed a “market outperform” rating and set a $80.00 price target on shares of Charles Schwab in a research note on Tuesday. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $71.00 target price (up from $70.00) on shares of Charles Schwab in a research report on Wednesday, January 3rd. Finally, Piper Sandler upped their price target on Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Three analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $74.47.

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.