Charles Schwab (NYSE:SCHW) Stock Price Down 0.3%

The Charles Schwab Co. (NYSE:SCHW - Get Free Report) fell 0.3% during trading on Friday . The company traded as low as $74.52 and last traded at $74.68. 1,552,065 shares were traded during trading, a decline of 80% from the average session volume of 7,679,373 shares. The stock had previously closed at $74.89.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. StockNews.com upgraded Charles Schwab from a "sell" rating to a "hold" rating in a report on Friday, March 15th. Citigroup lifted their target price on shares of Charles Schwab from $70.00 to $75.00 and gave the stock a "neutral" rating in a report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Charles Schwab from $75.00 to $77.00 and gave the company a "buy" rating in a report on Tuesday, March 19th. The Goldman Sachs Group reissued a "neutral" rating and set a $71.00 price objective (up previously from $70.00) on shares of Charles Schwab in a research report on Wednesday, January 3rd. Finally, Bank of America raised their target price on Charles Schwab from $68.00 to $70.00 and gave the company an "underperform" rating in a report on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus 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 firm has a market capitalization of $133.19 billion, a price-to-earnings ratio of 31.38, a PEG ratio of 1.10 and a beta of 1.01. The stock has a fifty day moving average price of $69.47 and a 200-day moving average price of $63.68.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Thursday, May 9th. Charles Schwab's dividend payout ratio (DPR) is currently 41.84%.

Insiders Place Their Bets

In other news, insider Jonathan M. Craig sold 4,977 shares of the company's stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $70.01, for a total transaction of $348,439.77. Following the transaction, the insider now directly owns 81,446 shares in the company, valued at $5,702,034.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Charles Schwab news, insider Jonathan M. Craig sold 4,977 shares of the business's stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $70.01, for a total transaction of $348,439.77. Following the completion of the sale, the insider now directly owns 81,446 shares of the company's stock, valued at approximately $5,702,034.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Peter B. Crawford sold 8,000 shares of the firm's stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $64.76, for a total transaction of $518,080.00. Following the completion of the transaction, the chief financial officer now directly owns 29,611 shares in the company, valued at approximately $1,917,608.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 389,167 shares of company stock valued at $26,987,035. 6.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Charles Schwab

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sweet Financial Partners LLC boosted its stake in Charles Schwab by 3.5% in the first quarter. Sweet Financial Partners LLC now owns 4,430 shares of the financial services provider's stock valued at $320,000 after acquiring an additional 150 shares during the last quarter. Ironwood Financial llc increased its stake in Charles Schwab by 1.6% in the 1st quarter. Ironwood Financial llc now owns 10,186 shares of the financial services provider's stock worth $737,000 after purchasing an additional 160 shares during the period. Courier Capital LLC boosted its position in Charles Schwab by 0.4% during the 4th quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider's stock valued at $3,133,000 after buying an additional 161 shares during the period. Sugarloaf Wealth Management LLC boosted its holdings in Charles Schwab by 60.0% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 165 shares in the last quarter. Finally, Sculati Wealth Management LLC boosted its stake in shares of Charles Schwab by 0.4% during the 4th quarter. Sculati Wealth Management LLC now owns 42,971 shares of the financial services provider's stock valued at $2,956,000 after purchasing an additional 165 shares in the last quarter. Institutional investors 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.

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