Charles Schwab Co. (NYSE:SCHW) Chairman Charles R. Schwab sold 250,000 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $45.29, for a total value of $11,322,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

SCHW traded down $0.01 during trading hours on Tuesday, reaching $45.45. The company’s stock had a trading volume of 181,007 shares, compared to its average volume of 6,709,154. Charles Schwab Co. has a 52 week low of $37.83 and a 52 week high of $60.22. The company has a current ratio of 1.08, a quick ratio of 0.83 and a debt-to-equity ratio of 0.38. The stock has a market cap of $60.49 billion, a PE ratio of 18.62, a price-to-earnings-growth ratio of 1.47 and a beta of 1.32.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.03. Charles Schwab had a return on equity of 20.79% and a net margin of 35.27%. The business had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.67 billion. During the same quarter in the prior year, the business earned $0.55 EPS. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. Equities analysts forecast that Charles Schwab Co. will post 2.77 earnings per share for the current year.

Charles Schwab announced that its board has authorized a share repurchase plan on Wednesday, January 30th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to buy up to 6.3% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc increased its holdings in Charles Schwab by 0.9% in the third quarter. Vanguard Group Inc now owns 88,586,138 shares of the financial services provider’s stock worth $4,354,008,000 after purchasing an additional 820,257 shares in the last quarter. Northern Trust Corp raised its position in shares of Charles Schwab by 2.1% in the 4th quarter. Northern Trust Corp now owns 16,655,792 shares of the financial services provider’s stock worth $691,715,000 after acquiring an additional 336,557 shares in the last quarter. Parnassus Investments CA raised its position in shares of Charles Schwab by 22.3% in the 4th quarter. Parnassus Investments CA now owns 15,623,778 shares of the financial services provider’s stock worth $648,856,000 after acquiring an additional 2,850,678 shares in the last quarter. Harris Associates L P raised its position in shares of Charles Schwab by 197.1% in the 4th quarter. Harris Associates L P now owns 13,940,097 shares of the financial services provider’s stock worth $578,932,000 after acquiring an additional 9,248,471 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Charles Schwab by 5.9% in the 4th quarter. Geode Capital Management LLC now owns 13,627,245 shares of the financial services provider’s stock worth $564,801,000 after acquiring an additional 758,069 shares in the last quarter. Institutional investors and hedge funds own 80.07% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. UBS Group cut Charles Schwab from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $48.00 to $42.00 in a research note on Wednesday, February 20th. Raymond James upped their price objective on Charles Schwab from $51.00 to $54.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 16th. ValuEngine upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research note on Wednesday, January 16th. Credit Suisse Group upped their price objective on Charles Schwab from $50.00 to $54.00 and gave the stock an “outperform” rating in a research note on Thursday, January 17th. Finally, Deutsche Bank dropped their price objective on Charles Schwab from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Friday, March 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $53.22.

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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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