Charles Schwab (NYSE:SCHW) Hits New 1-Year Low – Here’s What Happened

The Charles Schwab Corporation (NYSE:SCHW) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as $84.72 and last traded at $86.7770, with a volume of 5086892 shares trading hands. The stock had previously closed at $89.40.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Raymond James Financial boosted their price objective on shares of Charles Schwab from $126.00 to $137.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Weiss Ratings raised shares of Charles Schwab from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 23rd. UBS Group cut their price objective on shares of Charles Schwab from $125.00 to $119.00 and set a “buy” rating on the stock in a research report on Wednesday, April 8th. Truist Financial cut their price objective on shares of Charles Schwab from $122.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Finally, Jefferies Financial Group cut their price objective on shares of Charles Schwab from $122.00 to $118.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $114.30.

Charles Schwab Stock Performance

The company has a debt-to-equity ratio of 0.48, a current ratio of 0.62 and a quick ratio of 0.62. The stock’s 50-day simple moving average is $92.27 and its 200 day simple moving average is $95.67. The stock has a market capitalization of $150.31 billion, a P/E ratio of 17.19, a PEG ratio of 0.58 and a beta of 0.80.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.04. Charles Schwab had a net margin of 37.99% and a return on equity of 23.05%. The firm had revenue of $6.48 billion during the quarter, compared to analysts’ expectations of $6.39 billion. During the same period in the previous year, the business posted $1.04 earnings per share. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. Research analysts expect that The Charles Schwab Corporation will post 6.12 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Friday, May 8th. Charles Schwab’s payout ratio is 25.40%.

Insider Activity at Charles Schwab

In other Charles Schwab news, Director Frank C. Herringer sold 2,520 shares of the business’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $90.60, for a total value of $228,312.00. Following the completion of the sale, the director owned 177,508 shares of the company’s stock, valued at $16,082,224.80. The trade was a 1.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Paul V. Woolway sold 15,884 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $95.12, for a total transaction of $1,510,886.08. Following the completion of the sale, the insider directly owned 35,992 shares of the company’s stock, valued at $3,423,559.04. This represents a 30.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 99,021 shares of company stock valued at $9,617,291. 6.30% of the stock is owned by company insiders.

Institutional Trading of Charles Schwab

A number of institutional investors have recently bought and sold shares of the business. Dogwood Wealth Management LLC lifted its position in Charles Schwab by 99.2% during the fourth quarter. Dogwood Wealth Management LLC now owns 247 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 123 shares during the period. Piscataqua Savings Bank bought a new position in shares of Charles Schwab in the fourth quarter worth about $26,000. GoalVest Advisory LLC bought a new position in shares of Charles Schwab in the fourth quarter worth about $28,000. Beacon Financial Strategies CORP bought a new position in shares of Charles Schwab in the fourth quarter worth about $29,000. Finally, Optima Capital LLC bought a new position in shares of Charles Schwab in the fourth quarter worth about $30,000. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Company Profile

Charles Schwab Corporation (NYSE: SCHW) is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.