Charles Schwab (NYSE:SCHW) Trading 0.4% Higher

Shares of The Charles Schwab Co. (NYSE:SCHW - Get Free Report) traded up 0.4% on Monday . The stock traded as high as $75.49 and last traded at $75.27. 856,013 shares were traded during trading, a decline of 89% from the average session volume of 7,645,171 shares. The stock had previously closed at $74.99.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SCHW. JMP Securities restated a "market outperform" rating and issued a $80.00 target price on shares of Charles Schwab in a report on Tuesday, April 16th. Bank of America boosted their target price on Charles Schwab from $68.00 to $70.00 and gave the company an "underperform" rating in a report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft upped their price objective on Charles Schwab from $75.00 to $77.00 and gave the stock a "buy" rating in a report on Tuesday, March 19th. Raymond James lowered their target price on Charles Schwab from $78.00 to $75.00 and set an "outperform" rating on the stock in a report on Thursday, January 18th. Finally, The Goldman Sachs Group restated a "neutral" rating and issued a $71.00 price objective (up from $70.00) on shares of Charles Schwab in a research report on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $74.47.

Charles Schwab Stock Down 0.6 %

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 business has a 50 day moving average price of $69.89 and a 200 day moving average price of $64.17. The firm has a market capitalization of $132.42 billion, a P/E ratio of 31.20, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01.

Charles Schwab Announces Dividend

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 paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.34%. Charles Schwab's dividend payout ratio is currently 41.84%.

Insider Transactions at Charles Schwab

In other Charles Schwab news, Chairman Charles R. Schwab sold 58,500 shares of the company's stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $64.60, for a total transaction of $3,779,100.00. Following the transaction, the chairman now owns 61,192,538 shares of the company's stock, valued at approximately $3,953,037,954.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Chairman Charles R. Schwab sold 71,226 shares of the 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 completion of the transaction, the chairman now directly owns 61,251,038 shares in the company, valued at approximately $3,980,704,959.62. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Charles R. Schwab sold 58,500 shares of the firm's stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $64.60, for a total transaction of $3,779,100.00. Following the completion of the sale, the chairman now owns 61,192,538 shares of the company's stock, valued at $3,953,037,954.80. The disclosure for this sale can be found here. Insiders have sold 394,648 shares of company stock valued at $27,400,905 in the last three months. 6.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Charles Schwab

Hedge funds have recently bought and sold shares of the stock. Oak Thistle LLC bought a new stake in shares of Charles Schwab in the 3rd quarter valued at $233,000. Ridgewood Investments LLC increased its holdings in Charles Schwab by 27.1% during the third quarter. Ridgewood Investments LLC now owns 8,590 shares of the financial services provider's stock worth $472,000 after buying an additional 1,833 shares during the last quarter. AMI Asset Management Corp boosted its position in Charles Schwab by 0.8% during the third quarter. AMI Asset Management Corp now owns 1,080,844 shares of the financial services provider's stock worth $59,338,000 after purchasing an additional 8,561 shares during the period. Kathleen S. Wright Associates Inc. boosted its position in shares of Charles Schwab by 54.1% in the third quarter. Kathleen S. Wright Associates Inc. now owns 4,162 shares of the financial services provider's stock valued at $223,000 after acquiring an additional 1,462 shares during the period. Finally, PDS Planning Inc boosted its position in shares of Charles Schwab by 3.6% in the third quarter. PDS Planning Inc now owns 7,488 shares of the financial services provider's stock valued at $411,000 after acquiring an additional 262 shares during the period. 84.38% of the stock is currently owned by institutional investors and hedge funds.

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.