Charles Schwab Co. (NYSE:SCHW) Chairman Charles R. Schwab sold 200,000 shares of Charles Schwab stock in a transaction dated Wednesday, April 25th. The shares were sold at an average price of $54.60, for a total value of $10,920,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
SCHW stock traded up $0.11 during trading on Wednesday, hitting $54.60. The company had a trading volume of 7,878,190 shares, compared to its average volume of 7,419,821. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.31 and a quick ratio of 0.30. The firm has a market cap of $74,554.20, a price-to-earnings ratio of 33.29, a P/E/G ratio of 1.34 and a beta of 1.55. Charles Schwab Co. has a fifty-two week low of $37.63 and a fifty-two week high of $58.11.
Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Monday, April 16th. The financial services provider reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.01. The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.38 billion. Charles Schwab had a return on equity of 17.20% and a net margin of 28.80%. Charles Schwab’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.39 EPS. research analysts anticipate that Charles Schwab Co. will post 2.44 earnings per share for the current year.
A number of research analysts recently weighed in on SCHW shares. Citigroup reissued a “neutral” rating on shares of Charles Schwab in a research note on Friday, January 19th. Morgan Stanley lowered their price objective on Charles Schwab from $65.00 to $63.00 and set an “overweight” rating on the stock in a research report on Wednesday. Credit Suisse Group lowered their price objective on Charles Schwab from $70.00 to $69.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. Zacks Investment Research cut Charles Schwab from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Finally, Deutsche Bank lowered their price objective on Charles Schwab from $55.00 to $54.00 and set a “hold” rating on the stock in a research report on Friday, April 6th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $55.53.
A number of hedge funds have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. boosted its stake in Charles Schwab by 9.9% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 21,259 shares of the financial services provider’s stock valued at $1,092,000 after buying an additional 1,923 shares in the last quarter. Wagner Wealth Management LLC acquired a new stake in Charles Schwab in the 4th quarter valued at $268,000. Xact Kapitalforvaltning AB boosted its stake in Charles Schwab by 7.5% in the 4th quarter. Xact Kapitalforvaltning AB now owns 193,215 shares of the financial services provider’s stock valued at $9,925,000 after buying an additional 13,455 shares in the last quarter. CNB Bank acquired a new stake in Charles Schwab in the 4th quarter valued at $714,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Charles Schwab by 6.4% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 855,421 shares of the financial services provider’s stock valued at $43,943,000 after buying an additional 51,268 shares in the last quarter. 80.55% of the stock is currently owned by institutional investors and hedge funds.
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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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