The Charles Schwab Co. (NYSE:SCHW - Get Free Report) General Counsel Peter J. Morgan III sold 10,176 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $87.39, for a total value of $889,280.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Charles Schwab Stock Performance
Shares of Charles Schwab stock traded down $0.61 during trading on Wednesday, hitting $88.02. 5,791,768 shares of the company's stock were exchanged, compared to its average volume of 9,371,231. The stock has a market capitalization of $159.92 billion, a price-to-earnings ratio of 29.44, a PEG ratio of 0.99 and a beta of 0.90. The business has a 50-day simple moving average of $80.34 and a 200-day simple moving average of $79.18. 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 $89.85.
Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.01 by $0.03. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. During the same period last year, the company earned $0.74 earnings per share. On average, research analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current year.
Charles Schwab Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.23%. Charles Schwab's payout ratio is currently 32.73%.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on SCHW. TD Securities boosted their target price on shares of Charles Schwab from $95.00 to $113.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Barclays reduced their price objective on Charles Schwab from $96.00 to $84.00 and set an "overweight" rating for the company in a research note on Monday, April 7th. UBS Group upped their target price on shares of Charles Schwab from $95.00 to $96.00 and gave the stock a "buy" rating in a report on Tuesday, April 22nd. Truist Financial boosted their price target on shares of Charles Schwab from $84.00 to $97.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Finally, Keefe, Bruyette & Woods raised their target price on Charles Schwab from $90.00 to $93.00 and gave the company an "outperform" rating in a research report on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $89.63.
Get Our Latest Stock Report on SCHW
Hedge Funds Weigh In On Charles Schwab
A number of hedge funds and other institutional investors have recently bought and sold shares of SCHW. Atwood & Palmer Inc. purchased a new stake in Charles Schwab during the 1st quarter worth about $25,000. Westside Investment Management Inc. grew its position in Charles Schwab by 75.0% in the 1st quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider's stock valued at $27,000 after buying an additional 150 shares during the last quarter. Stone House Investment Management LLC purchased a new stake in shares of Charles Schwab in the first quarter valued at about $31,000. Activest Wealth Management increased its position in Charles Schwab by 6,650.0% during the 1st quarter. Activest Wealth Management now owns 405 shares of the financial services provider's stock worth $32,000 after purchasing an additional 399 shares during the period. Finally, WFA Asset Management Corp acquired a new position in Charles Schwab during the first quarter worth $33,000. 84.38% of the stock is currently owned by hedge funds and other institutional investors.
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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