The Charles Schwab Co. (NYSE:SCHW - Get Free Report) insider Paul V. Woolway sold 3,380 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $77.43, for a total transaction of $261,713.40. Following the sale, the insider now directly owns 45,824 shares of the company's stock, valued at $3,548,152.32. The trade was a 6.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Charles Schwab Trading Down 4.7 %
Charles Schwab stock opened at $74.90 on Friday. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $84.50. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The business's fifty day simple moving average is $79.34 and its two-hundred day simple moving average is $75.69. The company has a market capitalization of $135.83 billion, a price-to-earnings ratio of 25.05, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91.
Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.11. The business had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. Charles Schwab's revenue was up 19.5% compared to the same quarter last year. During the same period last year, the business earned $0.68 EPS. As a group, equities analysts predict that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.
Charles Schwab Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.44%. This is an increase from Charles Schwab's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, February 14th. Charles Schwab's dividend payout ratio (DPR) is currently 36.12%.
Wall Street Analysts Forecast Growth
SCHW has been the subject of a number of analyst reports. Morgan Stanley increased their target price on shares of Charles Schwab from $84.00 to $91.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. UBS Group lifted their price objective on Charles Schwab from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Piper Sandler raised their price target on Charles Schwab from $65.00 to $70.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. Jefferies Financial Group boosted their price objective on shares of Charles Schwab from $84.00 to $94.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Finally, JPMorgan Chase & Co. raised their target price on shares of Charles Schwab from $87.00 to $93.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Charles Schwab presently has a consensus rating of "Moderate Buy" and a consensus target price of $87.28.
View Our Latest Stock Analysis on Charles Schwab
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. raised its position in Charles Schwab by 0.6% in the 3rd quarter. Principal Financial Group Inc. now owns 6,673,901 shares of the financial services provider's stock worth $432,536,000 after buying an additional 38,201 shares during the last quarter. United Bank raised its holdings in shares of Charles Schwab by 13.0% during the third quarter. United Bank now owns 11,352 shares of the financial services provider's stock valued at $736,000 after purchasing an additional 1,309 shares during the last quarter. Kestra Investment Management LLC bought a new position in Charles Schwab during the third quarter valued at approximately $202,000. Benjamin Edwards Inc. boosted its holdings in Charles Schwab by 2,840.7% in the third quarter. Benjamin Edwards Inc. now owns 6,146 shares of the financial services provider's stock worth $398,000 after purchasing an additional 5,937 shares during the last quarter. Finally, Hilltop Holdings Inc. grew its position in Charles Schwab by 71.4% in the 3rd quarter. Hilltop Holdings Inc. now owns 12,647 shares of the financial services provider's stock worth $820,000 after purchasing an additional 5,267 shares during the period. Hedge funds and other institutional investors own 84.38% of the company's stock.
About Charles Schwab
(
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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