The Charles Schwab Co. (NYSE:SCHW) General Counsel Sells $1,181,690.10 in Stock

The Charles Schwab Co. (NYSE:SCHW) General Counsel Peter J. Morgan III sold 14,643 shares of the business’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total transaction of $1,181,690.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Charles Schwab Stock Down 0.5 %

Shares of NYSE:SCHW traded down $0.41 during trading on Friday, hitting $81.67. 6,665,370 shares of the company were exchanged, compared to its average volume of 9,397,984. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The firm’s 50 day moving average price is $77.78 and its 200-day moving average price is $70.82. The stock has a market capitalization of $145.34 billion, a P/E ratio of 27.31, a PEG ratio of 1.46 and a beta of 0.99. The Charles Schwab Co. has a 12-month low of $61.01 and a 12-month high of $83.35.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. The business had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5,190,822.51 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The company’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 EPS. On average, research analysts predict that The Charles Schwab Co. will post 4.09 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Charles Schwab

Large investors have recently bought and sold shares of the company. Point72 Hong Kong Ltd purchased a new stake in shares of Charles Schwab during the 2nd quarter worth $168,000. APG Asset Management N.V. lifted its stake in shares of Charles Schwab by 6.5% in the second quarter. APG Asset Management N.V. now owns 2,458,359 shares of the financial services provider’s stock valued at $169,029,000 after purchasing an additional 149,033 shares during the period. Elgethun Capital Management boosted its holdings in Charles Schwab by 0.9% during the second quarter. Elgethun Capital Management now owns 143,319 shares of the financial services provider’s stock worth $10,561,000 after buying an additional 1,330 shares in the last quarter. Drucker Wealth 3.0 LLC acquired a new position in Charles Schwab during the second quarter worth about $2,902,000. Finally, Darsana Capital Partners LP increased its holdings in Charles Schwab by 200.0% in the second quarter. Darsana Capital Partners LP now owns 3,000,000 shares of the financial services provider’s stock valued at $221,070,000 after buying an additional 2,000,000 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on SCHW shares. JMP Securities reissued a “market outperform” rating and set a $94.00 price target (up previously from $84.00) on shares of Charles Schwab in a research report on Monday, December 9th. Barclays increased their target price on shares of Charles Schwab from $95.00 to $96.00 and gave the stock an “overweight” rating in a report on Wednesday. Citigroup boosted their price target on shares of Charles Schwab from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Wednesday. Raymond James dropped their price objective on shares of Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. Finally, Redburn Partners cut their price objective on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a report on Friday, January 17th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $83.83.

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.