Charles Schwab (NYSE:SCHW) Reaches New 12-Month High - What's Next?

Shares of The Charles Schwab Corporation (NYSE:SCHW - Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as $90.19 and last traded at $89.58, with a volume of 3988199 shares. The stock had previously closed at $88.96.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SCHW shares. TD Securities boosted their price objective on shares of Charles Schwab from $95.00 to $113.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Wells Fargo & Company decreased their price target on shares of Charles Schwab from $93.00 to $87.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Redburn Atlantic raised Charles Schwab from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $65.00 to $82.00 in a research note on Monday, June 9th. Barclays reduced their price objective on Charles Schwab from $96.00 to $84.00 and set an "overweight" rating on the stock in a report on Monday, April 7th. Finally, Cowen reiterated a "buy" rating on shares of Charles Schwab in a report on Tuesday, May 20th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat, Charles Schwab currently has an average rating of "Moderate Buy" and an average price target of $89.40.

Charles Schwab Stock Up 1.1%

The business's fifty day moving average price is $84.24 and its two-hundred day moving average price is $80.01. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.53 and a current ratio of 0.53. The firm has a market capitalization of $163.35 billion, a P/E ratio of 27.24, a PEG ratio of 0.95 and a beta of 0.94.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $5.46 billion. During the same quarter in the prior year, the company posted $0.74 earnings per share. Equities analysts expect that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 1.20%. Charles Schwab's dividend payout ratio (DPR) is 32.73%.

Insider Activity at Charles Schwab

In other Charles Schwab news, Director Frank C. Herringer sold 3,592 shares of the company's stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $74.26, for a total transaction of $266,741.92. Following the transaction, the director now owns 172,162 shares in the company, valued at approximately $12,784,750.12. This represents a 2.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Paul V. Woolway sold 8,614 shares of Charles Schwab stock in a transaction on Monday, March 24th. The stock was sold at an average price of $80.00, for a total transaction of $689,120.00. Following the sale, the insider now owns 49,204 shares of the company's stock, valued at $3,936,320. The trade was a 14.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 97,608 shares of company stock valued at $8,392,040 in the last ninety days. Corporate insiders own 6.30% of the company's stock.

Institutional Trading of Charles Schwab

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Charles Schwab by 15.4% during the first quarter. Vanguard Group Inc. now owns 148,395,252 shares of the financial services provider's stock worth $11,616,380,000 after purchasing an additional 19,817,022 shares during the period. Norges Bank acquired a new stake in Charles Schwab during the 4th quarter valued at approximately $1,289,544,000. Wellington Management Group LLP boosted its holdings in shares of Charles Schwab by 595.7% in the 1st quarter. Wellington Management Group LLP now owns 15,488,777 shares of the financial services provider's stock valued at $1,212,461,000 after acquiring an additional 13,262,309 shares during the last quarter. Primecap Management Co. CA boosted its holdings in shares of Charles Schwab by 229.3% in the 1st quarter. Primecap Management Co. CA now owns 14,002,078 shares of the financial services provider's stock valued at $1,096,083,000 after acquiring an additional 9,749,728 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Charles Schwab by 12.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 82,048,984 shares of the financial services provider's stock worth $6,422,795,000 after acquiring an additional 8,954,248 shares during the period. Hedge funds and other institutional investors own 84.38% of the company's stock.

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.