Charles Schwab (NYSE:SCHW) Shares Up 1.3%

The Charles Schwab Co. (NYSE:SCHW - Get Free Report)'s stock price was up 1.3% during trading on Thursday . The stock traded as high as $73.59 and last traded at $73.45. Approximately 1,462,870 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 7,663,589 shares. The stock had previously closed at $72.50.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SCHW. Raymond James decreased their price target on shares of Charles Schwab from $78.00 to $75.00 and set an "outperform" rating on the stock in a research note on Thursday, January 18th. Piper Sandler boosted their target price on shares of Charles Schwab from $75.00 to $78.00 and gave the company an "overweight" rating in a research report on Friday, April 12th. JPMorgan Chase & Co. raised their target price on shares of Charles Schwab from $86.00 to $89.00 and gave the stock an "overweight" rating in a report on Tuesday. Bank of America boosted their price target on Charles Schwab from $68.00 to $70.00 and gave the company an "underperform" rating in a research note on Tuesday. Finally, Keefe, Bruyette & Woods increased their price target on shares of Charles Schwab from $75.00 to $76.00 and gave the stock a "market perform" rating in a research report on Tuesday. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $74.47.

Charles Schwab Trading Up 0.6 %

The firm's 50 day moving average is $68.38 and its two-hundred day moving average is $62.89. The company has a market cap of $129.51 billion, a P/E ratio of 30.51, a PEG ratio of 1.10 and a beta of 1.01. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.04. The firm had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.49 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.86%. The company's revenue for the quarter was down 18.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.07 EPS. As a group, equities research analysts anticipate that The Charles Schwab Co. will post 3.41 EPS for the current year.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were issued a $0.25 dividend. The ex-dividend date was Thursday, February 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.37%. Charles Schwab's payout ratio is currently 41.84%.

Insider Activity

In other news, Chairman Charles R. Schwab sold 71,226 shares of the company's stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $64.99, for a total transaction of $4,628,977.74. Following the transaction, the chairman now owns 61,251,038 shares in the company, valued at $3,980,704,959.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Charles Schwab news, Chairman Charles R. Schwab sold 71,226 shares of the company's stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $64.99, for a total transaction of $4,628,977.74. Following the transaction, the chairman now owns 61,251,038 shares in the company, valued at $3,980,704,959.62. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Peter B. Crawford sold 4,000 shares of the firm's stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $64.49, for a total transaction of $257,960.00. Following the completion of the transaction, the chief financial officer now directly owns 37,611 shares in the company, valued at approximately $2,425,533.39. The disclosure for this sale can be found here. Insiders sold 216,584 shares of company stock worth $14,200,769 in the last quarter. 6.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Charles Schwab

A number of institutional investors have recently added to or reduced their stakes in the company. Dodge & Cox increased its position in shares of Charles Schwab by 10.5% during the 4th quarter. Dodge & Cox now owns 86,421,986 shares of the financial services provider's stock valued at $5,945,833,000 after purchasing an additional 8,182,467 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Charles Schwab by 33.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 69,360,233 shares of the financial services provider's stock worth $4,771,985,000 after purchasing an additional 17,369,091 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Charles Schwab by 4.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 30,994,967 shares of the financial services provider's stock valued at $2,132,454,000 after purchasing an additional 1,219,015 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Charles Schwab by 1.5% during the first quarter. Geode Capital Management LLC now owns 27,050,168 shares of the financial services provider's stock valued at $1,413,244,000 after purchasing an additional 391,238 shares during the period. Finally, Morgan Stanley raised its holdings in Charles Schwab by 62.5% during the 4th quarter. Morgan Stanley now owns 22,255,649 shares of the financial services provider's stock valued at $1,853,005,000 after buying an additional 8,563,389 shares during the last quarter. 84.38% of the stock is owned by institutional investors.

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.