Charles Schwab (NYSE:SCHW) Hits New 1-Year High at $79.49

The Charles Schwab Co. (NYSE:SCHW - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The stock traded as high as $79.49 and last traded at $78.34, with a volume of 827157 shares changing hands. The stock had previously closed at $78.90.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SCHW shares. Deutsche Bank Aktiengesellschaft upped their price target on shares of Charles Schwab from $75.00 to $77.00 and gave the stock a "buy" rating in a research note on Tuesday, March 19th. Keefe, Bruyette & Woods increased their price target on shares of Charles Schwab from $75.00 to $76.00 and gave the company a "market perform" rating in a report on Tuesday, April 16th. Citigroup raised their price target on shares of Charles Schwab from $70.00 to $75.00 and gave the company a "neutral" rating in a research report on Thursday, April 11th. Piper Sandler increased their target price on Charles Schwab from $75.00 to $78.00 and gave the company an "overweight" rating in a research note on Friday, April 12th. Finally, JPMorgan Chase & Co. upped their price target on Charles Schwab from $86.00 to $89.00 and gave the company an "overweight" rating in a report on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $74.47.

Charles Schwab Stock Down 4.6 %

The company's 50-day simple moving average is $73.23 and its two-hundred day simple moving average is $66.95. The firm has a market capitalization of $133.78 billion, a P/E ratio of 31.49, a P/E/G ratio of 1.15 and a beta of 0.98. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.42 and a quick ratio of 0.42.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its earnings results on Monday, April 15th. The financial services provider reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.01. Charles Schwab had a return on equity of 19.25% and a net margin of 26.14%. The company had revenue of $4.74 billion for the quarter, compared to analysts' expectations of $4.71 billion. As a group, research analysts expect that The Charles Schwab Co. will post 3.4 earnings per share for the current year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.33%. Charles Schwab's payout ratio is currently 41.84%.

Insider Buying and Selling

In other news, Chairman Charles R. Schwab sold 65,360 shares of the firm's stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $76.89, for a total transaction of $5,025,530.40. Following the sale, the chairman now directly owns 60,741,536 shares in the company, valued at approximately $4,670,416,703.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Chairman Charles R. Schwab sold 65,360 shares of the stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $76.89, for a total transaction of $5,025,530.40. Following the completion of the sale, the chairman now owns 60,741,536 shares in the company, valued at $4,670,416,703.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Charles R. Schwab sold 58,500 shares of Charles Schwab stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $64.60, for a total value of $3,779,100.00. Following the sale, the chairman now directly owns 61,192,538 shares in the company, valued at approximately $3,953,037,954.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 672,036 shares of company stock valued at $49,281,565. 6.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Charles Schwab by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 120,963,133 shares of the financial services provider's stock worth $8,750,473,000 after buying an additional 1,042,823 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Charles Schwab by 4.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 72,306,560 shares of the financial services provider's stock worth $5,230,657,000 after acquiring an additional 2,946,327 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Charles Schwab by 4.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 30,994,967 shares of the financial services provider's stock worth $2,132,454,000 after acquiring an additional 1,219,015 shares during the last quarter. Fisher Asset Management LLC raised its position in Charles Schwab by 1.6% during the fourth quarter. Fisher Asset Management LLC now owns 18,627,667 shares of the financial services provider's stock valued at $1,281,584,000 after purchasing an additional 296,317 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Charles Schwab by 3.3% in the 3rd quarter. Invesco Ltd. now owns 15,560,924 shares of the financial services provider's stock valued at $854,295,000 after purchasing an additional 502,304 shares during the last quarter. Hedge funds and other 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.