Charles Schwab Co. (NYSE:SCHW) Director Stephen T. Mclin sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $45.59, for a total value of $182,360.00. Following the completion of the sale, the director now owns 7,592 shares of the company’s stock, valued at $346,119.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of NYSE SCHW opened at $46.10 on Thursday. The company has a current ratio of 1.08, a quick ratio of 0.83 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $60.92 billion, a price-to-earnings ratio of 18.82, a price-to-earnings-growth ratio of 1.46 and a beta of 1.32. Charles Schwab Co. has a 12 month low of $37.83 and a 12 month high of $60.22.
Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.03. The company had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.67 billion. Charles Schwab had a return on equity of 20.79% and a net margin of 35.27%. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.55 EPS. On average, research analysts forecast that Charles Schwab Co. will post 2.75 earnings per share for the current fiscal year.
Several equities research analysts recently weighed in on SCHW shares. Zacks Investment Research upgraded Charles Schwab from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a report on Thursday, January 3rd. Wells Fargo & Co reduced their target price on Charles Schwab from $53.00 to $44.00 and set a “market perform” rating for the company in a report on Friday, January 4th. Morgan Stanley reduced their target price on Charles Schwab from $60.00 to $55.00 and set an “overweight” rating for the company in a report on Friday, January 4th. Wolfe Research upgraded Charles Schwab from an “underperform” rating to a “market perform” rating in a report on Tuesday, January 8th. Finally, Raymond James boosted their target price on Charles Schwab from $51.00 to $54.00 and gave the stock an “outperform” rating in a report on Wednesday, January 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. Charles Schwab currently has a consensus rating of “Buy” and a consensus target price of $53.22.
Hedge funds and other institutional investors have recently modified their holdings of the business. Laurel Wealth Advisors LLC bought a new position in Charles Schwab in the 4th quarter worth approximately $31,000. First Personal Financial Services increased its position in Charles Schwab by 51.9% in the 4th quarter. First Personal Financial Services now owns 825 shares of the financial services provider’s stock worth $34,000 after buying an additional 282 shares during the period. Proficio Capital Partners LLC increased its position in shares of Charles Schwab by 70.2% during the fourth quarter. Proficio Capital Partners LLC now owns 1,028 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 424 shares during the period. Clearbridge LLC increased its position in shares of Charles Schwab by 75.1% during the fourth quarter. Clearbridge LLC now owns 1,096 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 470 shares during the period. Finally, Spectrum Management Group Inc. increased its position in shares of Charles Schwab by 44.5% during the first quarter. Spectrum Management Group Inc. now owns 1,071 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 330 shares during the period. 80.07% of the stock is currently owned by institutional investors.
About Charles Schwab
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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