Charles Schwab Co. (NYSE:SCHW) EVP Jonathan M. Craig sold 3,739 shares of the stock in a transaction that occurred on Tuesday, January 15th. The shares were sold at an average price of $43.58, for a total value of $162,945.62. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Shares of SCHW opened at $47.98 on Friday. Charles Schwab Co. has a 12-month low of $37.83 and a 12-month high of $60.22. The firm has a market cap of $63.36 billion, a P/E ratio of 19.15, a PEG ratio of 1.10 and a beta of 1.35. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.32.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Wednesday, January 16th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.01. Charles Schwab had a return on equity of 20.28% and a net margin of 34.61%. The firm had revenue of $2.67 billion for the quarter, compared to analysts’ expectations of $2.64 billion. During the same period last year, the business posted $0.44 earnings per share. The firm’s revenue for the quarter was up 19.0% on a year-over-year basis. As a group, analysts predict that Charles Schwab Co. will post 2.79 EPS for the current fiscal year.

Charles Schwab announced that its Board of Directors has authorized a stock buyback program on Thursday, October 25th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase up to 1.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Hedge funds and other institutional investors have recently modified their holdings of the business. LFA Lugano Financial Advisors SA acquired a new stake in Charles Schwab in the third quarter worth $111,000. Sapphire Star Partners LP acquired a new stake in Charles Schwab in the third quarter worth $123,000. Zions Bancorporation acquired a new stake in Charles Schwab in the third quarter worth $136,000. Bogart Wealth LLC increased its position in Charles Schwab by 16.1% in the fourth quarter. Bogart Wealth LLC now owns 3,811 shares of the financial services provider’s stock worth $158,000 after buying an additional 528 shares during the period. Finally, Lourd Capital LLC acquired a new stake in Charles Schwab in the third quarter worth $201,000. 79.51% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently commented on SCHW. Zacks Investment Research cut Charles Schwab from a “buy” rating to a “hold” rating in a research note on Tuesday, December 4th. ValuEngine upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research note on Wednesday. Credit Suisse Group increased their target price on Charles Schwab from $50.00 to $54.00 and gave the company an “outperform” rating in a research note on Thursday. Morgan Stanley reduced their target price on Charles Schwab from $60.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday, January 4th. Finally, Wolfe Research upgraded Charles Schwab from an “underperform” rating to a “market perform” rating in a research note on Tuesday, January 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $53.93.

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About Charles Schwab

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.

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