Charles Schwab (NYSE:SCHW) Trading 0.6% Higher

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. The Goldman Sachs Group reissued a “neutral” rating and set a $71.00 price objective (up from $70.00) on shares of Charles Schwab in a research report on Wednesday, January 3rd. Citigroup upped their target price on shares of Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Barclays upped their target price on shares of Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 16th. 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 research report on Friday, April 12th. Finally, 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 research report on Tuesday, March 19th. Two investment 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 MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $74.47.

Charles Schwab Stock Performance

The business’s fifty day moving average is $69.27 and its two-hundred day moving average is $63.60. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $133.56 billion, a PE ratio of 31.46, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01.

Charles Schwab Announces Dividend

The firm also recently announced 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 dividend yield of 1.33%. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

Insider Buying and Selling

In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $65.29, for a total value of $587,610.00. Following the completion of the sale, the director now directly owns 585,057 shares in the company, valued at $38,198,371.53. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Chairman Charles R. Schwab sold 89,275 shares of Charles Schwab stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $74.62, for a total transaction of $6,661,700.50. Following the completion of the sale, the chairman now directly owns 30,641,981 shares in the company, valued at $2,286,504,622.22. The transaction 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 Charles Schwab stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $65.29, for a total value of $587,610.00. Following the sale, the director now owns 585,057 shares of the company’s stock, valued at $38,198,371.53. The disclosure for this sale can be found here. Insiders sold a total of 389,167 shares of company stock worth $26,987,035 over the last three months. 6.60% of the stock is owned by insiders.

Institutional Trading of Charles Schwab

Institutional investors and hedge funds have recently made changes to their positions in the business. Providence Capital Advisors LLC bought a new stake in shares of Charles Schwab in the third quarter valued at about $28,000. Sugarloaf Wealth Management LLC raised its holdings in shares of 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 bought a new stake in shares of Charles Schwab in the fourth quarter valued at about $30,000. Wetzel Investment Advisors Inc. bought a new stake in shares of Charles Schwab in the fourth quarter valued at about $31,000. Finally, Tributary Capital Management LLC bought a new stake in shares of Charles Schwab in the first quarter valued at about $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.