Charles Schwab (NYSE:SCHW) Trading Up 0.4%

The Charles Schwab Co. (NYSE:SCHW - Get Free Report)'s stock price rose 0.4% during mid-day trading on Friday . The company traded as high as $76.06 and last traded at $75.77. Approximately 1,028,544 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 7,485,959 shares. The stock had previously closed at $75.44.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. StockNews.com raised Charles Schwab from a "sell" rating to a "hold" rating in a research report on Friday, March 15th. JPMorgan Chase & Co. increased their price objective 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. Raymond James lowered their target price on shares of Charles Schwab from $78.00 to $75.00 and set an "outperform" rating for the company in a research note on Thursday, January 18th. Citigroup lifted their price target on Charles Schwab from $70.00 to $75.00 and gave the stock a "neutral" rating in a report on Thursday, April 11th. Finally, Piper Sandler increased their price objective on Charles Schwab from $75.00 to $78.00 and gave the company an "overweight" rating in a report on Friday, April 12th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Charles Schwab presently has an average rating of "Hold" and an average price target of $74.47.

Charles Schwab Stock Performance

The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82. The stock has a market cap of $135.16 billion, a price-to-earnings ratio of 31.77, a PEG ratio of 1.11 and a beta of 0.98. The stock's 50 day moving average is $71.59 and its two-hundred day moving average is $65.30.

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

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be paid 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 Activity at Charles Schwab

In other Charles Schwab news, insider Nigel J. Murtagh sold 29,991 shares of the company's stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $67.80, for a total transaction of $2,033,389.80. Following the completion of the transaction, the insider now owns 81,446 shares in the company, valued at approximately $5,522,038.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Jonathan M. Craig sold 4,977 shares of the business's stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $70.01, for a total transaction of $348,439.77. Following the sale, the insider now owns 81,446 shares of the company's stock, valued at $5,702,034.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Nigel J. Murtagh sold 29,991 shares of Charles Schwab stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $67.80, for a total transaction of $2,033,389.80. Following the sale, the insider now owns 81,446 shares of the company's stock, valued at $5,522,038.80. The disclosure for this sale can be found here. Insiders have sold a total of 659,587 shares of company stock worth $47,399,731 in the last three months. Insiders own 6.60% of the company's stock.

Institutional Trading of Charles Schwab

A number of institutional investors have recently bought and sold shares of SCHW. Tributary Capital Management LLC purchased a new position in Charles Schwab during the 1st quarter valued at about $31,000. Sugarloaf Wealth Management LLC increased its position in 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 in the last quarter. Frazier Financial Advisors LLC acquired a new position in shares of Charles Schwab in the fourth quarter valued at approximately $30,000. Wetzel Investment Advisors Inc. acquired a new position in Charles Schwab in the fourth quarter valued at $31,000. Finally, Hall Laurie J Trustee acquired a new stake in Charles Schwab in the 4th quarter worth about $34,000. 84.38% of the stock is currently owned by hedge funds and other 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.

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