Charles Schwab Corp (NYSE:SCHW) EVP Jonathan M. Craig sold 5,000 shares of the business’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $58.01, for a total value of $290,050.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of Charles Schwab Corp (NYSE SCHW) opened at $55.94 on Thursday. The company has a market capitalization of $76,318.09, a P/E ratio of 34.75, a P/E/G ratio of 1.39 and a beta of 1.58. Charles Schwab Corp has a 12 month low of $37.16 and a 12 month high of $58.11. The company has a quick ratio of 0.30, a current ratio of 0.31 and a debt-to-equity ratio of 0.30.
Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.03. The business had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Charles Schwab had a return on equity of 16.03% and a net margin of 27.32%. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 EPS. research analysts expect that Charles Schwab Corp will post 2.4 earnings per share for the current year.
SCHW has been the topic of a number of research reports. Citigroup reiterated a “neutral” rating on shares of Charles Schwab in a report on Friday, January 19th. Credit Suisse Group dropped their target price on Charles Schwab from $70.00 to $69.00 and set an “outperform” rating on the stock in a report on Wednesday, February 7th. Zacks Investment Research downgraded Charles Schwab from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Nomura reiterated a “neutral” rating and issued a $54.00 target price (up previously from $50.00) on shares of Charles Schwab in a report on Thursday, January 18th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $63.00 target price (up previously from $56.00) on shares of Charles Schwab in a report on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. Charles Schwab currently has an average rating of “Hold” and a consensus target price of $54.64.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. grew its stake in shares of 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 bought a new stake in shares of Charles Schwab in the 4th quarter valued at approximately $268,000. Xact Kapitalforvaltning AB grew its stake in shares of 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 bought a new stake in shares of Charles Schwab in the 4th quarter valued at approximately $714,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of 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. 80.60% of the stock is owned by institutional investors and hedge funds.
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About Charles Schwab
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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