Charles Schwab (NYSE:SCHW) Shares Up 0%

The Charles Schwab Co. (NYSE:SCHW - Get Free Report) shot up 0% during trading on Tuesday . The stock traded as high as $78.80 and last traded at $78.67. 981,844 shares were traded during trading, a decline of 87% from the average session volume of 7,426,714 shares. The stock had previously closed at $78.66.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. StockNews.com raised shares of Charles Schwab from a "sell" rating to a "hold" rating in a research report on Friday, March 15th. JMP Securities reaffirmed a "market outperform" rating and set a $80.00 price objective on shares of Charles Schwab in a research report on Tuesday, April 16th. Morgan Stanley raised their target price on Charles Schwab from $65.00 to $71.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 9th. JPMorgan Chase & Co. increased their price target on shares of Charles Schwab from $86.00 to $89.00 and gave the company an "overweight" rating in a research note on Tuesday, April 16th. Finally, TD Cowen boosted their price objective on shares of Charles Schwab from $87.00 to $92.00 and gave the stock a "buy" rating in a research report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $74.47.

Charles Schwab Stock Up 0.3 %

The company has a debt-to-equity ratio of 0.69, a current ratio of 0.42 and a quick ratio of 0.42. The company has a market cap of $140.23 billion, a price-to-earnings ratio of 33.01, a price-to-earnings-growth ratio of 1.15 and a beta of 0.98. The firm's 50-day moving average price is $73.23 and its 200-day moving average price is $66.95.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.01. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. The company had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.71 billion. Sell-side analysts forecast that The Charles Schwab Co. will post 3.4 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The business 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 is Thursday, May 9th. This represents a $1.00 annualized dividend and a yield of 1.27%. Charles Schwab's payout ratio is 41.84%.

Insider Activity at Charles Schwab

In other Charles Schwab news, Chairman Charles R. Schwab sold 58,500 shares of Charles Schwab stock in a transaction that occurred on 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 transaction, the chairman now directly owns 61,192,538 shares in the company, valued at approximately $3,953,037,954.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Charles Schwab news, CFO Peter B. Crawford sold 5,500 shares of the company's stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $65.71, for a total transaction of $361,405.00. Following the sale, the chief financial officer now directly owns 24,111 shares of the company's stock, valued at $1,584,333.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 approximately $3,953,037,954.80. The disclosure for this sale can be found here. Insiders sold 672,036 shares of company stock valued at $49,281,565 over the last 90 days. 6.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Charles Schwab

Several institutional investors have recently modified their holdings of the business. Swedbank AB acquired a new stake in Charles Schwab in the 1st quarter valued at approximately $40,738,000. Kozak & Associates Inc. grew its stake in Charles Schwab by 5.9% in the 1st 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 during the last quarter. New Covenant Trust Company N.A. acquired a new stake in Charles Schwab during the 1st quarter worth approximately $78,000. Plato Investment Management Ltd boosted its position in shares of 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 acquiring an additional 21,262 shares during the period. Finally, Garner Asset Management Corp boosted its holdings in Charles Schwab by 15.8% in the 1st quarter. Garner Asset Management Corp now owns 17,862 shares of the financial services provider's stock valued at $1,292,000 after purchasing an additional 2,441 shares during the period. Institutional investors and hedge funds own 84.38% of the company's stock.

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.