Charles Schwab (NYSE:SCHW) Trading Up 0.6%

The Charles Schwab Co. (NYSE:SCHW) shares shot up 0.6% during trading on Tuesday . The stock traded as high as $74.91 and last traded at $74.73. 1,836,894 shares traded hands during trading, a decline of 76% from the average session volume of 7,700,834 shares. The stock had previously closed at $74.26.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SCHW. The Goldman Sachs Group reiterated a “neutral” rating and issued a $71.00 price target (up from $70.00) on shares of Charles Schwab in a research note on Wednesday, January 3rd. Citigroup lifted their target price on Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. JMP Securities reissued a “market outperform” rating and set a $80.00 price target on shares of Charles Schwab in a research report on Tuesday, April 16th. Piper Sandler boosted their price target on Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Finally, StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $74.47.

Charles Schwab Stock Performance

The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43. The company has a fifty day moving average of $68.77 and a two-hundred day moving average of $63.35. The firm has a market capitalization of $133.08 billion, a price-to-earnings ratio of 31.41, a PEG ratio of 1.07 and a beta of 1.01.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date was Thursday, February 8th. Charles Schwab’s dividend payout ratio is currently 41.84%.

Insider Buying and Selling at Charles Schwab

In related news, CFO Peter B. Crawford sold 8,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $64.76, for a total transaction of $518,080.00. Following the completion of the sale, the chief financial officer now owns 29,611 shares of the company’s stock, valued at $1,917,608.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Charles Schwab news, CFO Peter B. Crawford sold 5,500 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $65.71, for a total value of $361,405.00. Following the sale, the chief financial officer now owns 24,111 shares of the company’s stock, valued at approximately $1,584,333.81. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Peter B. Crawford sold 8,000 shares of Charles Schwab stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $64.76, for a total value of $518,080.00. Following the completion of the transaction, the chief financial officer now owns 29,611 shares in the company, valued at approximately $1,917,608.36. The disclosure for this sale can be found here. Insiders sold 316,282 shares of company stock valued at $21,373,311 in the last three months. Corporate insiders own 6.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SCHW. Ironwood Financial llc boosted its stake in shares of Charles Schwab by 1.6% in the 1st quarter. Ironwood Financial llc now owns 10,186 shares of the financial services provider’s stock valued at $737,000 after purchasing an additional 160 shares in the last quarter. 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 valued at $3,133,000 after purchasing an additional 161 shares during the last quarter. Sugarloaf Wealth Management LLC boosted its position in Charles Schwab by 60.0% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after buying an additional 165 shares in the last quarter. Sculati Wealth Management LLC grew its stake in shares of Charles Schwab by 0.4% during the fourth quarter. Sculati Wealth Management LLC now owns 42,971 shares of the financial services provider’s stock worth $2,956,000 after buying an additional 165 shares during the last quarter. Finally, Manchester Capital Management LLC increased its holdings in shares of Charles Schwab by 16.7% during the fourth quarter. Manchester Capital Management LLC now owns 1,190 shares of the financial services provider’s stock worth $82,000 after buying an additional 170 shares in the last quarter. Institutional investors own 84.38% of the company’s stock.

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.