Charles Schwab (NYSE:SCHW) Shares Up 3.1%

Shares of The Charles Schwab Co. (NYSE:SCHW - Get Free Report) traded up 3.1% on Tuesday . The company traded as high as $77.27 and last traded at $77.04. 2,125,225 shares changed hands during trading, a decline of 71% from the average session volume of 7,443,911 shares. The stock had previously closed at $74.70.

Analysts Set New Price Targets

SCHW has been the subject of several analyst reports. Morgan Stanley increased their target price on shares of Charles Schwab from $65.00 to $71.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 9th. JMP Securities reiterated a "market outperform" rating and issued a $80.00 price target on shares of Charles Schwab in a research note on Tuesday, April 16th. Raymond James lowered their price objective on Charles Schwab from $78.00 to $75.00 and set an "outperform" rating on the stock in a research report on Thursday, January 18th. Deutsche Bank Aktiengesellschaft lifted their target price on Charles Schwab from $75.00 to $77.00 and gave the company a "buy" rating in a research note on Tuesday, March 19th. Finally, StockNews.com upgraded Charles Schwab from a "sell" rating to a "hold" rating in a research note on Friday, March 15th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $74.47.

Charles Schwab Trading Up 3.1 %

The stock has a 50-day moving average of $71.92 and a 200 day moving average of $65.87. The stock has a market cap of $136.94 billion, a PE ratio of 32.15, a price-to-earnings-growth ratio of 1.12 and a beta of 0.98. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.69.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.01. The business had revenue of $4.74 billion during the quarter, compared to analysts' expectations of $4.71 billion. Charles Schwab had a return on equity of 19.25% and a net margin of 26.14%. As a group, sell-side analysts anticipate that The Charles Schwab Co. will post 3.4 earnings per share for the current year.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.00 annualized dividend and a yield of 1.30%. Charles Schwab's dividend payout ratio (DPR) is presently 41.84%.

Insider Transactions at Charles Schwab

In related news, Director Carolyn Schwab-Pomerantz sold 26,315 shares of Charles Schwab stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $76.13, for a total transaction of $2,003,360.95. Following the transaction, the director now owns 1,674,571 shares in the company, valued at $127,485,090.23. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Charles Schwab news, insider Jonathan M. Craig sold 4,977 shares of Charles Schwab stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $70.01, for a total value of $348,439.77. Following the sale, the insider now owns 81,446 shares in the company, valued at $5,702,034.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 26,315 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $76.13, for a total value of $2,003,360.95. Following the transaction, the director now owns 1,674,571 shares of the company's stock, valued at $127,485,090.23. The disclosure for this sale can be found here. Over the last three months, insiders have sold 685,902 shares of company stock valued at $49,403,092. Corporate insiders own 6.60% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SCHW. Price T Rowe Associates Inc. MD lifted its position in shares of Charles Schwab by 33.4% during the fourth 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 in the last quarter. Norges Bank purchased a new position in Charles Schwab in the 4th quarter valued at approximately $950,192,000. Massachusetts Financial Services Co. MA grew its stake in shares of Charles Schwab by 26.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 29,775,952 shares of the financial services provider's stock worth $1,634,700,000 after acquiring an additional 6,195,934 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Charles Schwab by 186.2% in the third quarter. Ameriprise Financial Inc. now owns 7,107,176 shares of the financial services provider's stock valued at $390,234,000 after acquiring an additional 4,624,302 shares in the last quarter. Finally, Boston Partners boosted its holdings in Charles Schwab by 424.7% in the fourth quarter. Boston Partners now owns 4,451,090 shares of the financial services provider's stock valued at $305,400,000 after purchasing an additional 3,602,830 shares during the period. 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.