Charles Schwab (NYSE:SCHW) Trading Down 0.2%

The Charles Schwab Co. (NYSE:SCHW - Get Free Report)'s stock price dropped 0.2% during trading on Tuesday . The company traded as low as $70.37 and last traded at $71.10. Approximately 2,897,876 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 7,590,177 shares. The stock had previously closed at $71.23.

Wall Street Analyst Weigh In

SCHW has been the topic of a number of research reports. JPMorgan Chase & Co. lifted their price target on shares of Charles Schwab from $86.00 to $89.00 and gave the stock an "overweight" rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Charles Schwab from $75.00 to $77.00 and gave the stock a "buy" rating in a report on Tuesday, March 19th. Barclays lifted their price target on shares of Charles Schwab from $74.00 to $75.00 and gave the stock an "equal weight" rating in a report on Tuesday. JMP Securities reaffirmed a "market outperform" rating and issued a $80.00 price target on shares of Charles Schwab in a report on Tuesday. Finally, Citigroup lifted their price objective on shares of Charles Schwab from $70.00 to $75.00 and gave the company a "neutral" rating in a research note on Thursday, April 11th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $74.47.

Charles Schwab Stock Up 2.6 %

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 company's 50-day moving average is $67.97 and its two-hundred day moving average is $62.75. The company has a market cap of $129.74 billion, a P/E ratio of 28.76, a P/E/G ratio of 1.06 and a beta of 1.01.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.04. Charles Schwab had a net margin of 26.90% and a return on equity of 21.33%. The company had revenue of $4.46 billion for the quarter, compared to analysts' expectations of $4.49 billion. During the same quarter last year, the company posted $1.07 earnings per share. The firm's quarterly revenue was down 18.9% on a year-over-year basis. As a group, equities analysts predict 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 was paid on Friday, February 23rd. Investors of record on Friday, February 9th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend was Thursday, February 8th. Charles Schwab's dividend payout ratio is currently 39.37%.

Insider Buying and Selling

In other news, CFO Peter B. Crawford sold 4,000 shares of Charles Schwab stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $64.49, for a total transaction of $257,960.00. Following the transaction, the chief financial officer now owns 37,611 shares in the company, valued at approximately $2,425,533.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Peter B. Crawford sold 4,000 shares of Charles Schwab stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $64.49, for a total transaction of $257,960.00. Following the transaction, the chief financial officer now owns 37,611 shares in the company, valued at approximately $2,425,533.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Charles R. Schwab sold 16,390 shares of Charles Schwab stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $63.94, for a total transaction of $1,047,976.60. Following the transaction, the chairman now owns 61,331,688 shares in the company, valued at approximately $3,921,548,130.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 216,584 shares of company stock worth $14,200,769. 6.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Dodge & Cox lifted its stake in shares of Charles Schwab by 10.5% during the 4th quarter. Dodge & Cox now owns 86,421,986 shares of the financial services provider's stock valued at $5,945,833,000 after buying an additional 8,182,467 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Charles Schwab by 33.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 69,360,233 shares of the financial services provider's stock valued at $4,771,985,000 after acquiring an additional 17,369,091 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Charles Schwab by 4.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 30,994,967 shares of the financial services provider's stock valued at $2,132,454,000 after acquiring an additional 1,219,015 shares during the last quarter. Geode Capital Management LLC increased its holdings in Charles Schwab by 1.5% in the 1st quarter. Geode Capital Management LLC now owns 27,050,168 shares of the financial services provider's stock valued at $1,413,244,000 after acquiring an additional 391,238 shares during the last quarter. Finally, Morgan Stanley increased its holdings in Charles Schwab by 62.5% in the 4th quarter. Morgan Stanley now owns 22,255,649 shares of the financial services provider's stock valued at $1,853,005,000 after acquiring an additional 8,563,389 shares during the last quarter. Hedge funds and other institutional investors 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.