Charles Schwab (NYSE:SCHW) Trading Up 1%

The Charles Schwab Co. (NYSE:SCHWGet Free Report) shares rose 1% during mid-day trading on Thursday . The stock traded as high as $71.23 and last traded at $71.21. Approximately 993,461 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 7,525,449 shares. The stock had previously closed at $70.53.

Analysts Set New Price Targets

SCHW has been the topic of a number of research reports. Keefe, Bruyette & Woods raised their target price on shares of Charles Schwab from $75.00 to $76.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 16th. Bank of America raised their price objective on shares of Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a research report on Tuesday, April 16th. JMP Securities reissued a “market outperform” rating and issued a $80.00 price target on shares of Charles Schwab in a research note on Tuesday. Barclays upped their price objective on Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. lifted their target price on Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a research report on Tuesday, April 16th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $75.12.

Check Out Our Latest Research Report on Charles Schwab

Charles Schwab Stock Performance

The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $127.29 billion, a price-to-earnings ratio of 29.80, a PEG ratio of 1.07 and a beta of 0.98. The firm has a fifty day moving average of $73.77 and a 200-day moving average of $67.60.

Charles Schwab (NYSE:SCHWGet Free Report) last posted its earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.01. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. The firm had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.71 billion. As a group, sell-side analysts anticipate that The Charles Schwab Co. will post 3.31 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Thursday, May 9th. Charles Schwab’s dividend payout ratio is currently 41.84%.

Insider Activity at Charles Schwab

In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $78.41, for a total value of $705,690.00. Following the transaction, the director now directly owns 574,257 shares of the company’s stock, valued at approximately $45,027,491.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Chairman Charles R. Schwab sold 65,360 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $76.89, for a total transaction of $5,025,530.40. Following the completion of the sale, the chairman now directly owns 60,741,536 shares of the company’s stock, valued at approximately $4,670,416,703.04. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $78.41, for a total value of $705,690.00. Following the sale, the director now owns 574,257 shares in the company, valued at $45,027,491.37. The disclosure for this sale can be found here. Over the last three months, insiders sold 608,036 shares of company stock worth $45,259,140. 6.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SCHW. Nelson Capital Management LLC boosted its stake in Charles Schwab by 0.4% in the 1st quarter. Nelson Capital Management LLC now owns 37,726 shares of the financial services provider’s stock worth $2,729,000 after purchasing an additional 141 shares during the period. Abbrea Capital LLC boosted its position in shares of Charles Schwab by 2.5% in the first quarter. Abbrea Capital LLC now owns 5,777 shares of the financial services provider’s stock worth $418,000 after buying an additional 142 shares during the period. Sweet Financial Partners LLC boosted its position in shares of Charles Schwab by 3.5% in the first quarter. Sweet Financial Partners LLC now owns 4,430 shares of the financial services provider’s stock worth $320,000 after buying an additional 150 shares during the period. Ironwood Financial llc raised its position in Charles Schwab by 1.6% during the first quarter. Ironwood Financial llc now owns 10,186 shares of the financial services provider’s stock valued at $737,000 after buying an additional 160 shares during the period. Finally, Courier Capital LLC lifted its stake in Charles Schwab by 0.4% in the 4th quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider’s stock worth $3,133,000 after acquiring an additional 161 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Company Profile

(Get Free Report)

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.

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