Charles Schwab (NYSE:SCHW) Trading Up 0.3%

Shares of The Charles Schwab Co. (NYSE:SCHW - Get Free Report) were up 0.3% on Wednesday . The company traded as high as $75.77 and last traded at $75.75. Approximately 1,039,022 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 7,525,584 shares. The stock had previously closed at $75.54.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SCHW. Piper Sandler boosted their price target on Charles Schwab from $75.00 to $78.00 and gave the company an "overweight" rating in a research note on Friday, April 12th. JPMorgan Chase & Co. boosted their target price on shares of Charles Schwab from $86.00 to $89.00 and gave the company an "overweight" rating in a research report on Tuesday, April 16th. 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, April 16th. JMP Securities reissued a "market outperform" rating and set a $80.00 price objective on shares of Charles Schwab in a research report on Tuesday, April 16th. Finally, Morgan Stanley upped their price objective on Charles Schwab from $65.00 to $71.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 9th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $74.47.

Charles Schwab Price Performance

The firm has a 50-day moving average of $71.20 and a 200-day moving average of $65.15. 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 stock has a market cap of $135.68 billion, a PE ratio of 31.96, a PEG ratio of 1.11 and a beta of 0.98.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.73 by $0.01. Charles Schwab had a net margin of 26.14% and a return on equity of 19.86%. The business had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.71 billion. Research analysts predict that The Charles Schwab Co. will post 3.42 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Thursday, May 9th. Charles Schwab's dividend payout ratio (DPR) is presently 41.84%.

Insider Transactions at Charles Schwab

In other news, Chairman Charles R. Schwab sold 71,226 shares of the company's stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $64.99, for a total transaction of $4,628,977.74. Following the sale, the chairman now directly owns 61,251,038 shares of the company's stock, valued at approximately $3,980,704,959.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $65.29, for a total value of $587,610.00. Following the completion of the transaction, the director now owns 585,057 shares in the company, valued at $38,198,371.53. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Charles R. Schwab sold 71,226 shares of the business's stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $64.99, for a total value of $4,628,977.74. Following the sale, the chairman now directly owns 61,251,038 shares in the company, valued at $3,980,704,959.62. The disclosure for this sale can be found here. Over the last three months, insiders have sold 659,587 shares of company stock valued at $47,399,731. 6.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Charles Schwab

A number of institutional investors and hedge funds have recently modified their holdings of SCHW. Nelson Capital Management LLC boosted its position in shares of Charles Schwab by 0.4% during the first quarter. Nelson Capital Management LLC now owns 37,726 shares of the financial services provider's stock valued at $2,729,000 after buying an additional 141 shares during the period. Abbrea Capital LLC boosted its holdings in Charles Schwab by 2.5% during the 1st quarter. Abbrea Capital LLC now owns 5,777 shares of the financial services provider's stock valued at $418,000 after acquiring an additional 142 shares during the period. Sweet Financial Partners LLC grew its position in Charles Schwab by 3.5% in the 1st quarter. Sweet Financial Partners LLC now owns 4,430 shares of the financial services provider's stock valued at $320,000 after acquiring an additional 150 shares during the last quarter. Ironwood Financial llc increased its stake in Charles Schwab by 1.6% in the first quarter. Ironwood Financial llc now owns 10,186 shares of the financial services provider's stock worth $737,000 after purchasing an additional 160 shares during the period. Finally, Courier Capital LLC lifted its position in shares of Charles Schwab by 0.4% during the fourth quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider's stock worth $3,133,000 after purchasing an additional 161 shares during the last quarter. 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.