Charles Schwab Corp (NYSE:SCHW) Chairman Charles R. Schwab sold 74,450 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $52.17, for a total value of $3,884,056.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Charles Schwab Corp (SCHW) opened at $52.17 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.30 and a current ratio of 0.31. Charles Schwab Corp has a 1 year low of $37.16 and a 1 year high of $56.25. The stock has a market capitalization of $69,940.00, a PE ratio of 33.02, a P/E/G ratio of 1.29 and a beta of 1.63.
Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. Charles Schwab had a return on equity of 16.31% and a net margin of 27.32%. The company had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same period in the prior year, the company earned $0.36 earnings per share. The firm’s revenue was up 13.7% on a year-over-year basis. analysts forecast that Charles Schwab Corp will post 2.39 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, February 8th. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a yield of 0.77%. Charles Schwab’s dividend payout ratio is presently 25.32%.
Institutional investors have recently made changes to their positions in the stock. Bogart Wealth LLC boosted its stake in Charles Schwab by 1,100.0% during the fourth quarter. Bogart Wealth LLC now owns 2,040 shares of the financial services provider’s stock valued at $105,000 after buying an additional 1,870 shares during the last quarter. Pinnacle Wealth Planning Services Inc. bought a new position in Charles Schwab during the fourth quarter valued at approximately $118,000. Zions Bancorporation boosted its stake in Charles Schwab by 1,545.3% during the third quarter. Zions Bancorporation now owns 3,817 shares of the financial services provider’s stock valued at $167,000 after buying an additional 3,585 shares during the last quarter. Acadian Asset Management LLC bought a new position in Charles Schwab during the fourth quarter valued at approximately $187,000. Finally, Lourd Capital LLC bought a new position in Charles Schwab during the fourth quarter valued at approximately $208,000. 79.47% of the stock is owned by institutional investors.
A number of analysts have commented on SCHW shares. SunTrust Banks upped their price target on Charles Schwab to $56.00 and gave the stock an “average” rating in a research report on Friday, December 15th. They noted that the move was a valuation call. Argus upped their price target on Charles Schwab from $59.00 to $69.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Credit Suisse Group restated a “buy” rating and issued a $64.00 price target (up previously from $55.00) on shares of Charles Schwab in a research report on Friday, January 12th. Citigroup reiterated a “buy” rating and set a $60.00 target price (up previously from $52.00) on shares of Charles Schwab in a research report on Tuesday, January 9th. Finally, Deutsche Bank increased their target price on Charles Schwab from $46.00 to $47.00 and gave the stock a “hold” rating in a research report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Charles Schwab currently has an average rating of “Buy” and an average target price of $53.88.
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Charles Schwab Company Profile
The Charles Schwab Corporation (CSC) is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services.
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