The Charles Schwab Co. (NYSE:SCHW) Director Arun Sarin Sells 8,548 Shares

The Charles Schwab Co. (NYSE:SCHW) Director Arun Sarin sold 8,548 shares of Charles Schwab stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total value of $699,397.36. Following the transaction, the director now directly owns 18,617 shares in the company, valued at $1,523,242.94. The trade was a 31.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Charles Schwab Stock Up 0.7 %

Shares of SCHW traded up $0.53 during trading hours on Monday, reaching $82.36. 6,983,010 shares of the stock traded hands, compared to its average volume of 9,247,069. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $83.35. The company has a market cap of $146.58 billion, a price-to-earnings ratio of 27.55, a PEG ratio of 1.46 and a beta of 0.99. The stock has a fifty day simple moving average of $77.81 and a 200 day simple moving average of $70.83. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW) last announced its 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 firm had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5,190,822.51 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company’s revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.68 EPS. On average, equities analysts forecast that The Charles Schwab Co. will post 4.09 EPS for the current year.

Institutional Investors Weigh In On Charles Schwab

Large investors have recently modified their holdings of the stock. Washington Trust Advisors Inc. increased its stake in shares of Charles Schwab by 62.6% in the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 149 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Charles Schwab during the 3rd quarter valued at $25,000. Prospera Private Wealth LLC purchased a new stake in Charles Schwab during the 3rd quarter worth about $31,000. Future Financial Wealth Managment LLC bought a new position in Charles Schwab in the 3rd quarter worth about $32,000. Finally, Hazlett Burt & Watson Inc. purchased a new position in Charles Schwab during the 3rd quarter valued at about $33,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SCHW shares. JPMorgan Chase & Co. lifted their price objective on Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Raymond James decreased their target price on Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. Wells Fargo & Company upgraded Charles Schwab from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $89.00 to $93.00 in a report on Wednesday, January 22nd. Truist Financial reiterated a “buy” rating and issued a $90.00 price objective (up previously from $86.00) on shares of Charles Schwab in a research note on Wednesday, January 22nd. Finally, The Goldman Sachs Group increased their target price on shares of Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $84.11.

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.