The Charles Schwab Co. (NYSE:SCHW) General Counsel Peter J. Morgan III Sells 14,643 Shares

The Charles Schwab Co. (NYSE:SCHW) General Counsel Peter J. Morgan III sold 14,643 shares of Charles Schwab 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Charles Schwab Price Performance

Shares of SCHW stock traded down $0.41 during trading hours on Friday, hitting $81.67. The company’s stock had a trading volume of 6,665,370 shares, compared to its average volume of 9,397,984. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $83.35. The stock has a market cap of $145.34 billion, a price-to-earnings ratio of 27.31, a P/E/G ratio of 1.46 and a beta of 0.99. The business has a fifty day moving average of $77.78 and a 200-day moving average of $70.82.

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on SCHW. Raymond James lowered their target price on shares of Charles Schwab from $76.00 to $73.00 in a report on Tuesday, October 15th. Jefferies Financial Group lifted their price objective on Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a report on Monday, December 9th. Bank of America cut their target price on Charles Schwab from $63.00 to $61.00 and set an “underperform” rating for the company in a research note on Wednesday, October 16th. Piper Sandler lifted their price target on Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods upped their price objective on Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $83.83.

Institutional Investors Weigh In On Charles Schwab

Hedge funds have recently modified their holdings of the company. N.E.W. Advisory Services LLC boosted its stake in Charles Schwab by 1.7% in the 4th quarter. N.E.W. Advisory Services LLC now owns 7,522 shares of the financial services provider’s stock worth $557,000 after buying an additional 125 shares during the last quarter. Stablepoint Partners LLC boosted its position in shares of Charles Schwab by 1.1% in the fourth quarter. Stablepoint Partners LLC now owns 12,486 shares of the financial services provider’s stock worth $924,000 after acquiring an additional 141 shares during the last quarter. Alliance Wealth Advisors LLC grew its holdings in Charles Schwab by 2.7% in the third quarter. Alliance Wealth Advisors LLC now owns 5,358 shares of the financial services provider’s stock valued at $347,000 after purchasing an additional 142 shares during the period. Michael S. Ryan Inc. increased its position in Charles Schwab by 2.5% during the fourth quarter. Michael S. Ryan Inc. now owns 5,998 shares of the financial services provider’s stock worth $444,000 after purchasing an additional 144 shares during the last quarter. Finally, GS Investments Inc. raised its stake in Charles Schwab by 0.3% during the third quarter. GS Investments Inc. now owns 57,434 shares of the financial services provider’s stock worth $3,722,000 after purchasing an additional 146 shares during the period. 84.38% of the stock is owned by institutional investors and hedge funds.

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.