Nigel J. Murtagh Sells 12,739 Shares of The Charles Schwab Co. (NYSE:SCHW) Stock

The Charles Schwab Co. (NYSE:SCHW) insider Nigel J. Murtagh sold 12,739 shares of Charles Schwab stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $81.17, for a total value of $1,034,024.63. Following the transaction, the insider now owns 59,092 shares of the company’s stock, valued at $4,796,497.64. The trade was a 17.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Charles Schwab Price Performance

Shares of NYSE:SCHW traded up $0.45 during midday trading on Tuesday, hitting $82.22. The stock had a trading volume of 5,120,949 shares, compared to its average volume of 8,093,399. The company’s 50-day moving average price is $71.28 and its 200-day moving average price is $69.85. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The Charles Schwab Co. has a fifty-two week low of $55.59 and a fifty-two week high of $82.50. The company has a market capitalization of $146.32 billion, a P/E ratio of 32.12, a price-to-earnings-growth ratio of 1.76 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The firm had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same quarter in the prior year, the business earned $0.77 earnings per share. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, equities research analysts predict that The Charles Schwab Co. will post 3.12 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.22%. Charles Schwab’s dividend payout ratio is currently 39.06%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on SCHW shares. The Goldman Sachs Group boosted their target price on Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Bank of America dropped their price objective on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 16th. Jefferies Financial Group decreased their price target on shares of Charles Schwab from $79.00 to $73.00 and set a “buy” rating on the stock in a research note on Friday, October 4th. Barclays raised their price objective on shares of Charles Schwab from $64.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Finally, Raymond James decreased their target price on Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $74.18.

Hedge Funds Weigh In On Charles Schwab

Large investors have recently bought and sold shares of the company. Washington Trust Advisors Inc. raised its stake in shares of Charles Schwab by 62.6% during the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 149 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in Charles Schwab in the third quarter valued at $25,000. Country Trust Bank bought a new position in Charles Schwab during the 2nd quarter worth $26,000. American Capital Advisory LLC acquired a new position in Charles Schwab during the 2nd quarter worth about $27,000. Finally, Fortitude Family Office LLC grew its position in shares of Charles Schwab by 97.5% in the 2nd quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock valued at $29,000 after buying an additional 192 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors.

About Charles Schwab

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.