Charles Schwab Corp (NYSE:SCHW) EVP Jonathan M. Craig sold 5,000 shares of the firm’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $58.01, for a total value of $290,050.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Charles Schwab Corp (NYSE SCHW) traded up $0.06 during midday trading on Monday, hitting $57.76. 6,020,000 shares of the company were exchanged, compared to its average volume of 7,830,000. Charles Schwab Corp has a fifty-two week low of $37.16 and a fifty-two week high of $58.04. The company has a current ratio of 0.31, a quick ratio of 0.30 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $77,770.00, a PE ratio of 35.01, a P/E/G ratio of 1.41 and a beta of 1.58.
Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. Charles Schwab had a net margin of 27.32% and a return on equity of 16.03%. The business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the previous year, the business earned $0.36 earnings per share. The company’s revenue was up 13.7% on a year-over-year basis. analysts expect that Charles Schwab Corp will post 2.4 EPS for the current year.
A number of research firms have issued reports on SCHW. Credit Suisse Group reiterated a “positive” rating and issued a $70.00 target price (up from $64.00) on shares of Charles Schwab in a research note on Thursday, January 18th. Nomura reiterated a “neutral” rating and issued a $54.00 target price (up from $50.00) on shares of Charles Schwab in a research note on Thursday, January 18th. Argus raised their target price on Charles Schwab from $59.00 to $69.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Citigroup reiterated a “neutral” rating on shares of Charles Schwab in a research note on Friday, January 19th. Finally, Zacks Investment Research cut Charles Schwab from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $54.33.
Large investors have recently added to or reduced their stakes in the stock. Bogart Wealth LLC grew its holdings in Charles Schwab by 1,100.0% during the fourth quarter. Bogart Wealth LLC now owns 2,040 shares of the financial services provider’s stock worth $105,000 after acquiring an additional 1,870 shares during the period. Pinnacle Wealth Planning Services Inc. acquired a new position in Charles Schwab during the fourth quarter worth about $118,000. Acadian Asset Management LLC acquired a new position in Charles Schwab during the fourth quarter worth about $187,000. Zions Bancorporation grew its holdings in Charles Schwab by 1,545.3% during the third quarter. Zions Bancorporation now owns 3,817 shares of the financial services provider’s stock worth $167,000 after acquiring an additional 3,585 shares during the period. Finally, Fiduciary Trust Co. acquired a new position in Charles Schwab during the fourth quarter worth about $208,000. 80.60% of the stock is currently owned by hedge funds and other institutional investors.
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Charles Schwab Company Profile
The Charles Schwab Corporation (CSC) is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services.
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