Charles Schwab (NYSE:SCHW) Trading Up 1%

The Charles Schwab Co. (NYSE:SCHW - Get Free Report) shares shot up 1% during mid-day trading on Monday . The stock traded as high as $74.41 and last traded at $74.12. 1,990,882 shares changed hands during trading, a decline of 74% from the average session volume of 7,687,026 shares. The stock had previously closed at $73.42.

Analyst Upgrades and Downgrades

SCHW has been the topic of a number of analyst reports. JMP Securities reaffirmed a "market outperform" rating and issued a $80.00 price objective on shares of Charles Schwab in a report on Tuesday, April 16th. Morgan Stanley lifted their price target on Charles Schwab from $65.00 to $71.00 and gave the company an "equal weight" rating in a report on Tuesday, April 9th. Barclays raised their target price on Charles Schwab from $74.00 to $75.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. increased their price target on Charles Schwab from $86.00 to $89.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 16th. Finally, Raymond James reduced their price objective on shares of Charles Schwab from $78.00 to $75.00 and set an "outperform" rating for the company in a report on Thursday, January 18th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Charles Schwab presently has a consensus rating of "Hold" and a consensus target price of $74.47.

Charles Schwab Price Performance

The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43. The firm has a market cap of $131.88 billion, a price-to-earnings ratio of 31.11, a price-to-earnings-growth ratio of 1.07 and a beta of 1.01. The stock's fifty day moving average price is $68.58 and its 200-day moving average price is $63.19.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.35%. Charles Schwab's dividend payout ratio is 41.84%.

Insider Buying and Selling

In related news, insider Jonathan M. Craig sold 4,977 shares of the business's stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $70.01, for a total transaction of $348,439.77. Following the transaction, the insider now directly owns 81,446 shares of the company's stock, valued at $5,702,034.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Chairman Charles R. Schwab sold 16,390 shares of Charles Schwab stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $63.94, for a total transaction of $1,047,976.60. Following the completion of the sale, the chairman now directly owns 61,331,688 shares in the company, valued at approximately $3,921,548,130.72. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jonathan M. Craig sold 4,977 shares of the firm's stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $70.01, for a total transaction of $348,439.77. Following the transaction, the insider now directly owns 81,446 shares in the company, valued at approximately $5,702,034.46. The disclosure for this sale can be found here. In the last ninety days, insiders sold 308,800 shares of company stock valued at $20,823,609. Corporate insiders own 6.60% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SCHW. Providence Capital Advisors LLC bought a new position in Charles Schwab in the 3rd quarter worth $28,000. Sugarloaf Wealth Management LLC lifted its position in shares of Charles Schwab by 60.0% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider's stock worth $30,000 after purchasing an additional 165 shares during the last quarter. Frazier Financial Advisors LLC bought a new stake in Charles Schwab during the 4th quarter valued at approximately $30,000. Wetzel Investment Advisors Inc. bought a new position in Charles Schwab in the 4th quarter worth approximately $31,000. Finally, Tributary Capital Management LLC bought a new stake in shares of Charles Schwab in the first quarter valued at approximately $31,000. Institutional investors and hedge funds 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.