Charles Schwab (NYSE:SCHW) Reaches New 1-Year High After Analyst Upgrade

The Charles Schwab Corporation (NYSE:SCHW - Get Free Report)'s share price reached a new 52-week high on Tuesday after Citigroup raised their price target on the stock from $102.00 to $105.00. Citigroup currently has a buy rating on the stock. Charles Schwab traded as high as $92.65 and last traded at $92.62, with a volume of 7299828 shares traded. The stock had previously closed at $91.48.

A number of other brokerages have also recently commented on SCHW. Barclays dropped their price target on shares of Charles Schwab from $96.00 to $84.00 and set an "overweight" rating on the stock in a research note on Monday, April 7th. The Goldman Sachs Group upgraded shares of Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 price target on the stock in a research note on Friday, April 25th. UBS Group upped their price target on shares of Charles Schwab from $95.00 to $96.00 and gave the company a "buy" rating in a research note on Tuesday, April 22nd. TD Securities upped their price target on shares of Charles Schwab from $95.00 to $113.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Finally, Cowen restated a "buy" rating on shares of Charles Schwab in a research note on Tuesday, May 20th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $89.55.

Insider Transactions at Charles Schwab

In other news, General Counsel Peter J. Morgan III sold 10,176 shares of the stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $87.39, for a total value of $889,280.64. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Paul V. Woolway sold 10,129 shares of the stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $90.01, for a total transaction of $911,711.29. Following the completion of the transaction, the insider directly owned 39,154 shares in the company, valued at $3,524,251.54. The trade was a 20.55% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 119,905 shares of company stock worth $10,530,833. Company insiders own 6.30% of the company's stock.

Hedge Funds Weigh In On Charles Schwab

Institutional investors have recently made changes to their positions in the stock. Atwood & Palmer Inc. bought a new position in shares of Charles Schwab during the 1st quarter valued at $25,000. Westside Investment Management Inc. grew its holdings in shares of Charles Schwab by 75.0% during the 1st quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 150 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its holdings in shares of Charles Schwab by 97.9% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 386 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 191 shares during the last quarter. Stone House Investment Management LLC bought a new position in shares of Charles Schwab during the 1st quarter valued at $31,000. Finally, Activest Wealth Management grew its holdings in shares of Charles Schwab by 6,650.0% during the 1st quarter. Activest Wealth Management now owns 405 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 399 shares during the last quarter. Institutional investors own 84.38% of the company's stock.

Charles Schwab Stock Performance

The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.53. The company's fifty day moving average is $87.69 and its 200 day moving average is $81.01. The company has a market cap of $167.16 billion, a P/E ratio of 27.88, a price-to-earnings-growth ratio of 0.98 and a beta of 0.93.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.01 by $0.03. Charles Schwab had a net margin of 31.71% and a return on equity of 18.31%. The company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. During the same quarter last year, the firm earned $0.74 EPS. As a group, equities analysts predict that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Friday, May 9th. Charles Schwab's dividend payout ratio (DPR) is presently 32.73%.

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.