Charles Schwab (NYSE:SCHW) Trading Up 0.5%

The Charles Schwab Co. (NYSE:SCHW) shares traded up 0.5% during mid-day trading on Friday . The company traded as high as $74.87 and last traded at $74.60. 1,013,557 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 7,440,913 shares. The stock had previously closed at $74.25.

Analysts Set New Price Targets

Several research analysts have recently weighed in on SCHW shares. Piper Sandler lifted their price target on shares of Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. JPMorgan Chase & Co. cut their price target on Charles Schwab from $89.00 to $81.00 and set an “overweight” rating for the company in a report on Friday, May 31st. Morgan Stanley lifted their price objective on Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Citigroup increased their target price on shares of Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Finally, Barclays upped their price target 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. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Charles Schwab currently has a consensus rating of “Hold” and a consensus price target of $74.65.

Charles Schwab Trading Up 0.4 %

The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.69. The stock’s 50 day moving average is $73.92 and its 200-day moving average is $68.25. The company has a market cap of $132.48 billion, a PE ratio of 31.17, a P/E/G ratio of 1.14 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. The firm had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.71 billion. As a group, sell-side analysts anticipate that The Charles Schwab Co. will post 3.26 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, May 9th. This represents a $1.00 annualized dividend and a yield of 1.34%. Charles Schwab’s payout ratio is presently 41.84%.

Insider Buying and Selling

In related news, insider Bernard J. Clark sold 77,431 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $70.94, for a total transaction of $5,492,955.14. Following the transaction, the insider now directly owns 121,666 shares in the company, valued at approximately $8,630,986.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $78.41, for a total value of $705,690.00. Following the transaction, the director now owns 574,257 shares of the company’s stock, valued at approximately $45,027,491.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Bernard J. Clark sold 77,431 shares of Charles Schwab stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $70.94, for a total transaction of $5,492,955.14. Following the sale, the insider now owns 121,666 shares of the company’s stock, valued at approximately $8,630,986.04. The disclosure for this sale can be found here. Insiders sold a total of 655,476 shares of company stock worth $48,718,705 over the last three months. 6.60% of the stock is owned by insiders.

Institutional Trading of Charles Schwab

Several institutional investors and hedge funds have recently modified their holdings of the stock. Providence Capital Advisors LLC bought a new position in shares of Charles Schwab during the third quarter valued at approximately $28,000. Sugarloaf Wealth Management LLC raised its position in shares of Charles Schwab by 60.0% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 165 shares in the last quarter. Frazier Financial Advisors LLC purchased a new stake in shares of Charles Schwab during the 4th quarter worth $30,000. Wetzel Investment Advisors Inc. bought a new stake in Charles Schwab during the fourth quarter valued at about $31,000. Finally, Tributary Capital Management LLC purchased a new position in shares of Charles Schwab in the 1st quarter worth approximately $31,000. 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.