Charles Schwab (NYSE:SCHW) Stock Price Up 1.3%

The Charles Schwab Co. (NYSE:SCHW)’s share price rose 1.3% on Thursday . The stock traded as high as $73.59 and last traded at $73.45. Approximately 1,462,870 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 7,663,589 shares. The stock had previously closed at $72.50.

Analyst Upgrades and Downgrades

SCHW has been the subject of several recent analyst reports. Bank of America upped their target price on shares of Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a report on Tuesday. Piper Sandler upped their target price on shares of Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Morgan Stanley increased their price objective on shares of Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $71.00 price objective (up previously from $70.00) on shares of Charles Schwab in a report on Wednesday, January 3rd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Charles Schwab presently has a consensus rating of “Hold” and an average target price of $74.47.

Charles Schwab Price Performance

The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $130.40 billion, a PE ratio of 30.72, a price-to-earnings-growth ratio of 1.07 and a beta of 1.01. The stock’s 50-day moving average is $68.58 and its two-hundred day moving average is $63.02.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. Charles Schwab had a net margin of 26.14% and a return on equity of 19.86%. The company had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.49 billion. During the same period in the prior year, the company posted $1.07 EPS. The firm’s revenue for the quarter was down 18.9% on a year-over-year basis. On average, equities analysts predict that The Charles Schwab Co. will post 3.42 EPS for the current year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Thursday, February 8th. Charles Schwab’s dividend payout ratio (DPR) is currently 41.84%.

Insider Transactions at Charles Schwab

In other news, Chairman Charles R. Schwab sold 16,390 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $63.94, for a total transaction of $1,047,976.60. Following the transaction, the chairman now directly owns 61,331,688 shares of the company’s stock, valued at $3,921,548,130.72. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, COO Joseph R. Martinetto sold 43,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $70.83, for a total transaction of $3,045,690.00. Following the transaction, the chief operating officer now directly owns 41,414 shares of the company’s stock, valued at $2,933,353.62. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Charles R. Schwab sold 16,390 shares of the stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $63.94, for a total transaction of $1,047,976.60. Following the transaction, the chairman now owns 61,331,688 shares in the company, valued at $3,921,548,130.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 312,800 shares of company stock valued at $21,081,569. 6.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Charles Schwab

A number of hedge funds and other institutional investors have recently modified their holdings of SCHW. Providence Capital Advisors LLC bought a new position in shares of Charles Schwab during the third quarter valued at approximately $28,000. Main Street Group LTD acquired a new stake in Charles Schwab in the fourth quarter valued at approximately $29,000. Sugarloaf Wealth Management LLC boosted its stake 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 acquiring an additional 165 shares in the last quarter. Frazier Financial Advisors LLC acquired a new stake in Charles Schwab in the fourth quarter valued at approximately $30,000. Finally, Wetzel Investment Advisors Inc. acquired a new stake in Charles Schwab in the fourth quarter valued at approximately $31,000. 84.38% of the stock is currently owned by institutional investors.

About Charles Schwab

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.