Charles Schwab (NYSE:SCHW) Stock Price Up 0.3%

The Charles Schwab Co. (NYSE:SCHW) shot up 0.3% on Wednesday . The company traded as high as $75.77 and last traded at $75.75. 1,039,022 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 7,525,584 shares. The stock had previously closed at $75.54.

Wall Street Analyst Weigh In

SCHW has been the topic of a number of analyst reports. Raymond James dropped their price objective on shares of Charles Schwab from $78.00 to $75.00 and set an “outperform” rating on the stock in a research note on Thursday, January 18th. TD Cowen upped their price objective on shares of Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. raised their target price on Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. Bank of America boosted their price target on Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 16th. Finally, Citigroup raised their price objective on Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $74.47.

Charles Schwab Price Performance

The stock has a market capitalization of $135.69 billion, a price-to-earnings ratio of 31.69, a price-to-earnings-growth ratio of 1.11 and a beta of 0.98. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43. The company has a 50-day simple moving average of $71.20 and a two-hundred day simple moving average of $65.15.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data 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 19.86%. The firm had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.71 billion. On average, equities research analysts predict that The Charles Schwab Co. will post 3.42 earnings per share for the current year.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Thursday, May 9th. Charles Schwab’s dividend payout ratio (DPR) is 41.84%.

Insiders Place Their Bets

In related news, CFO Peter B. Crawford sold 8,000 shares of the stock in a transaction dated 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Charles Schwab news, CFO Peter B. Crawford sold 8,000 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $64.76, for a total transaction of $518,080.00. Following the completion of the transaction, the chief financial officer now directly owns 29,611 shares of the company’s stock, valued at approximately $1,917,608.36. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Charles R. Schwab sold 59,906 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $74.78, for a total value of $4,479,770.68. Following the completion of the sale, the chairman now directly owns 61,038,701 shares in the company, valued at approximately $4,564,474,060.78. The disclosure for this sale can be found here. In the last quarter, insiders sold 514,459 shares of company stock worth $36,371,155. 6.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Charles Schwab

A number of institutional investors and hedge funds have recently modified their holdings of SCHW. Investment Research & Advisory Group Inc. boosted its position in shares of Charles Schwab by 1.0% in the 4th quarter. Investment Research & Advisory Group Inc. now owns 58,979 shares of the financial services provider’s stock valued at $4,058,000 after purchasing an additional 607 shares during the period. Bamco Inc. NY increased its position in shares of Charles Schwab by 0.5% in the third quarter. Bamco Inc. NY now owns 8,102,475 shares of the financial services provider’s stock worth $444,826,000 after acquiring an additional 42,588 shares in the last quarter. Retirement Systems of Alabama lifted its position in shares of Charles Schwab by 13.0% in the 4th quarter. Retirement Systems of Alabama now owns 1,329,388 shares of the financial services provider’s stock valued at $91,462,000 after acquiring an additional 152,967 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Charles Schwab by 43.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 551,682 shares of the financial services provider’s stock worth $30,287,000 after purchasing an additional 166,316 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Charles Schwab by 22.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 883,379 shares of the financial services provider’s stock valued at $60,776,000 after purchasing an additional 160,719 shares in the last quarter. Institutional investors and hedge funds 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.