Charles Schwab (NYSE:SCHW) Trading Up 0.4%

Shares of The Charles Schwab Co. (NYSE:SCHW - Get Free Report) traded up 0.4% during mid-day trading on Friday . The company traded as high as $78.62 and last traded at $78.39. 1,472,118 shares were traded during trading, a decline of 80% from the average session volume of 7,461,583 shares. The stock had previously closed at $78.04.

Analyst Ratings Changes

Several brokerages recently issued reports on SCHW. StockNews.com raised Charles Schwab from a "sell" rating to a "hold" rating in a research report on Friday, March 15th. Bank of America raised their price target on shares of Charles Schwab from $68.00 to $70.00 and gave the stock an "underperform" rating in a report on Tuesday, April 16th. Citigroup boosted their price objective on shares of Charles Schwab from $70.00 to $75.00 and gave the company a "neutral" rating in a report on Thursday, April 11th. JMP Securities reaffirmed a "market outperform" rating and set a $80.00 price target on shares of Charles Schwab in a research report on Tuesday, April 16th. Finally, 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. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $74.47.

Charles Schwab Stock Up 0.9 %

The business has a fifty day simple moving average of $72.51 and a 200 day simple moving average of $66.23. The firm has a market cap of $140.01 billion, a price-to-earnings ratio of 32.96, a PEG ratio of 1.15 and a beta of 0.98. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.42 and a quick ratio of 0.42.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its earnings results on Monday, April 15th. The financial services provider reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.01. Charles Schwab had a return on equity of 19.25% and a net margin of 26.14%. The business had revenue of $4.74 billion during the quarter, compared to analysts' expectations of $4.71 billion. As a group, equities analysts forecast that The Charles Schwab Co. will post 3.4 EPS 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. Investors of record on Friday, May 10th will be issued a $0.25 dividend. The ex-dividend date is Thursday, May 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.27%. Charles Schwab's dividend payout ratio is presently 41.84%.

Insider Activity at Charles Schwab

In related news, General Counsel Peter J. Morgan III sold 24,520 shares of the stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $72.23, for a total value of $1,771,079.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, General Counsel Peter J. Morgan III sold 24,520 shares of Charles Schwab stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $72.23, for a total value of $1,771,079.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Charles R. Schwab sold 58,500 shares of Charles Schwab stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $64.60, for a total value of $3,779,100.00. Following the completion of the transaction, 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. Over the last 90 days, insiders sold 672,036 shares of company stock valued at $49,281,565. 6.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Kozak & Associates Inc. raised its stake in Charles Schwab by 5.9% in the first quarter. Kozak & Associates Inc. now owns 131,482 shares of the financial services provider's stock valued at $10,261,000 after buying an additional 7,296 shares in the last quarter. New Covenant Trust Company N.A. acquired a new stake in Charles Schwab in the first quarter valued at $78,000. Plato Investment Management Ltd raised its stake in Charles Schwab by 806.6% in the first quarter. Plato Investment Management Ltd now owns 23,898 shares of the financial services provider's stock valued at $1,729,000 after buying an additional 21,262 shares in the last quarter. Garner Asset Management Corp raised its stake in Charles Schwab by 15.8% in the first quarter. Garner Asset Management Corp now owns 17,862 shares of the financial services provider's stock valued at $1,292,000 after buying an additional 2,441 shares in the last quarter. Finally, KLCM Advisors Inc. raised its stake in Charles Schwab by 41.6% in the first quarter. KLCM Advisors Inc. now owns 4,538 shares of the financial services provider's stock valued at $328,000 after buying an additional 1,333 shares in the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

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.