The Charles Schwab Co. (NYSE:SCHW - Get Free Report) insider Paul V. Woolway sold 8,614 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $80.00, for a total transaction of $689,120.00. Following the completion of the transaction, the insider now owns 49,204 shares of the company's stock, valued at approximately $3,936,320. The trade was a 14.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Charles Schwab Stock Performance
NYSE:SCHW opened at $79.63 on Friday. The stock has a 50-day simple moving average of $79.52 and a two-hundred day simple moving average of $75.17. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $84.50. The firm has a market capitalization of $144.42 billion, a PE ratio of 26.63, a P/E/G ratio of 0.99 and a beta of 0.98.
Charles Schwab (NYSE:SCHW - Get Free Report) last released its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.11. The company had revenue of $5.33 billion for the quarter, compared to analysts' expectations of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm's revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.68 EPS. Analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current year.
Charles Schwab Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.27 per share. The ex-dividend date was Friday, February 14th. This is a boost from Charles Schwab's previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.36%. Charles Schwab's dividend payout ratio (DPR) is currently 36.12%.
Hedge Funds Weigh In On Charles Schwab
A number of hedge funds have recently made changes to their positions in the business. Murphy & Mullick Capital Management Corp purchased a new stake in Charles Schwab during the 4th quarter valued at approximately $38,000. Atala Financial Inc bought a new stake in Charles Schwab in the 4th quarter valued at $41,000. Knuff & Co LLC lifted its stake in Charles Schwab by 1,309.3% in the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider's stock worth $45,000 after purchasing an additional 563 shares in the last quarter. Financial Life Planners purchased a new position in shares of Charles Schwab during the fourth quarter valued at about $46,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Charles Schwab in the fourth quarter worth about $46,000. Institutional investors own 84.38% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the stock. TD Cowen upgraded shares of Charles Schwab from a "hold" rating to a "buy" rating and upped their price target for the stock from $88.00 to $103.00 in a research note on Tuesday, February 18th. Keefe, Bruyette & Woods upped their target price on shares of Charles Schwab from $81.00 to $93.00 and gave the stock an "outperform" rating in a research note on Friday, December 20th. Barclays raised their price target on shares of Charles Schwab from $95.00 to $96.00 and gave the company an "overweight" rating in a research report on Wednesday, January 22nd. Citigroup upped their price objective on Charles Schwab from $80.00 to $85.00 and gave the company a "neutral" rating in a research report on Wednesday, January 22nd. Finally, Redburn Partners decreased their price target on Charles Schwab from $70.00 to $68.00 and set a "sell" rating for the company in a research note on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Charles Schwab currently has a consensus rating of "Hold" and a consensus price target of $86.33.
Read Our Latest Stock Analysis on Charles Schwab
Charles Schwab Company Profile
(
Get Free Report)
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.
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