The Charles Schwab Co. (NYSE:SCHW) Director Mark A. Goldfarb Sells 7,100 Shares

The Charles Schwab Co. (NYSE:SCHW) Director Mark A. Goldfarb sold 7,100 shares of Charles Schwab stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $70.86, for a total value of $503,106.00. Following the completion of the transaction, the director now directly owns 19,917 shares of the company’s stock, valued at approximately $1,411,318.62. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Charles Schwab Stock Performance

SCHW stock opened at $72.92 on Friday. The Charles Schwab Co. has a twelve month low of $45.65 and a twelve month high of $73.88. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82. The business’s fifty day simple moving average is $68.38 and its two-hundred day simple moving average is $62.89. The firm has a market cap of $129.51 billion, a price-to-earnings ratio of 30.51, a PEG ratio of 1.06 and a beta of 1.01.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. The business had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.49 billion. During the same quarter in the prior year, the company earned $1.07 EPS. The business’s revenue was down 18.9% compared to the same quarter last year. Analysts predict that The Charles Schwab Co. will post 3.43 earnings per share for the current year.

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.37%. The ex-dividend date was Thursday, February 8th. Charles Schwab’s dividend payout ratio is presently 41.84%.

Wall Street Analysts Forecast Growth

SCHW has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their target price on Charles Schwab from $86.00 to $89.00 and gave the stock an “overweight” rating in a research report on Tuesday. Piper Sandler boosted their target price on Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. The Goldman Sachs Group reissued a “neutral” rating and issued a $71.00 target price (up previously from $70.00) on shares of Charles Schwab in a research report on Wednesday, January 3rd. TD Cowen boosted their target price on Charles Schwab from $87.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Charles Schwab currently has an average rating of “Hold” and an average target price of $74.47.

Institutional Investors Weigh In On Charles Schwab

Institutional investors have recently added to or reduced their stakes in the business. Main Street Group LTD acquired a new stake in Charles Schwab in the fourth quarter worth about $29,000. Tributary Capital Management LLC acquired a new stake in Charles Schwab in the first quarter worth about $31,000. Sugarloaf Wealth Management LLC lifted its holdings in shares of Charles Schwab by 60.0% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 165 shares during the period. Frazier Financial Advisors LLC purchased a new stake in Charles Schwab in the fourth quarter valued at approximately $30,000. Finally, Wetzel Investment Advisors Inc. purchased a new stake in Charles Schwab in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Company Profile

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.