Charles Schwab Co. (SCHW) EVP Jonathan M. Craig Sells 3,740 Shares

Charles Schwab Co. (NYSE:SCHW) EVP Jonathan M. Craig sold 3,740 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $46.52, for a total value of $173,984.80. Following the completion of the sale, the executive vice president now owns 66,190 shares of the company’s stock, valued at approximately $3,079,158.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NYSE SCHW opened at $45.84 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.83 and a current ratio of 1.08. Charles Schwab Co. has a 52 week low of $37.83 and a 52 week high of $60.22. The stock has a market capitalization of $61.69 billion, a PE ratio of 18.71, a P/E/G ratio of 1.53 and a beta of 1.33.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.66 by $0.03. Charles Schwab had a return on equity of 20.79% and a net margin of 35.27%. The firm had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter last year, the company earned $0.55 earnings per share. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. On average, equities analysts predict that Charles Schwab Co. will post 2.77 EPS for the current fiscal year.

Charles Schwab announced that its Board of Directors has authorized a share buyback plan on Wednesday, January 30th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to reacquire up to 6.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Wednesday, May 15th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Tuesday, May 14th. Charles Schwab’s dividend payout ratio is presently 27.76%.

Several brokerages have weighed in on SCHW. Credit Suisse Group boosted their price objective on Charles Schwab from $50.00 to $54.00 and gave the company an “outperform” rating in a research report on Thursday, January 17th. ValuEngine raised Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, January 16th. UBS Group downgraded Charles Schwab from a “neutral” rating to a “sell” rating and lowered their target price for the company from $48.00 to $42.00 in a report on Wednesday, February 20th. Wells Fargo & Co lowered their target price on Charles Schwab from $48.00 to $47.00 and set a “market perform” rating on the stock in a report on Friday, April 5th. Finally, Wolfe Research raised Charles Schwab from an “underperform” rating to a “market perform” rating in a report on Tuesday, January 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $53.22.

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc raised its position in shares of Charles Schwab by 0.9% during the 3rd quarter. Vanguard Group Inc now owns 88,586,138 shares of the financial services provider’s stock worth $4,354,008,000 after purchasing an additional 820,257 shares during the last quarter. Northern Trust Corp raised its position in shares of Charles Schwab by 2.1% during the 4th quarter. Northern Trust Corp now owns 16,655,792 shares of the financial services provider’s stock worth $691,715,000 after purchasing an additional 336,557 shares during the last quarter. Parnassus Investments CA raised its position in shares of Charles Schwab by 22.3% during the 4th quarter. Parnassus Investments CA now owns 15,623,778 shares of the financial services provider’s stock worth $648,856,000 after purchasing an additional 2,850,678 shares during the last quarter. Harris Associates L P raised its position in shares of Charles Schwab by 197.1% during the 4th quarter. Harris Associates L P now owns 13,940,097 shares of the financial services provider’s stock worth $578,932,000 after purchasing an additional 9,248,471 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Charles Schwab by 5.9% during the 4th quarter. Geode Capital Management LLC now owns 13,627,245 shares of the financial services provider’s stock worth $564,801,000 after purchasing an additional 758,069 shares during the last quarter. 79.81% of the stock is currently owned by institutional investors.

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Charles Schwab Company Profile

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.

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Insider Buying and Selling by Quarter for Charles Schwab (NYSE:SCHW)

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