Charles Schwab Co. (NYSE:SCHW) EVP Jonathan M. Craig sold 3,739 shares of the company’s stock in a transaction dated Tuesday, January 15th. The stock was sold at an average price of $43.58, for a total transaction of $162,945.62. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of SCHW opened at $46.92 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.32. The company has a market cap of $59.76 billion, a P/E ratio of 28.61, a PEG ratio of 1.04 and a beta of 1.35. Charles Schwab Co. has a 1 year low of $37.83 and a 1 year high of $60.22.

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, beating the consensus estimate of $0.64 by $0.01. The business had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $2.64 billion. Charles Schwab had a net margin of 32.65% and a return on equity of 19.02%. The company’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 earnings per share. On average, equities analysts predict that Charles Schwab Co. will post 2.43 EPS for the current year.

Charles Schwab declared that its Board of Directors has initiated a stock repurchase plan on Thursday, October 25th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the financial services provider to reacquire up to 1.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Several research analysts have weighed in on SCHW shares. Morgan Stanley lowered their target price on shares of Charles Schwab from $66.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, November 14th. Zacks Investment Research raised shares of Charles Schwab from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Wednesday, October 3rd. Deutsche Bank raised shares of Charles Schwab from a “hold” rating to a “buy” rating and upped their price target for the company from $52.00 to $54.00 in a report on Tuesday, October 30th. Goldman Sachs Group began coverage on shares of Charles Schwab in a report on Friday, November 30th. They issued a “buy” rating and a $55.00 price target on the stock. Finally, ValuEngine raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company’s stock. Charles Schwab presently has a consensus rating of “Hold” and a consensus target price of $54.94.

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

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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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