Charles Schwab (NYSE:SCHW) Trading Down 0.4%

The Charles Schwab Co. (NYSE:SCHW - Get Free Report)'s stock price traded down 0.4% during mid-day trading on Tuesday . The stock traded as low as $76.41 and last traded at $76.55. 1,114,713 shares traded hands during trading, a decline of 85% from the average session volume of 7,529,504 shares. The stock had previously closed at $76.86.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SCHW. StockNews.com raised Charles Schwab from a "sell" rating to a "hold" rating in a research report on Friday, March 15th. Piper Sandler upped their price objective on shares of Charles Schwab from $75.00 to $78.00 and gave the company an "overweight" rating in a research note on Friday, April 12th. Morgan Stanley lifted their target price on shares of Charles Schwab from $65.00 to $71.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 9th. Raymond James dropped their price target on shares of Charles Schwab from $78.00 to $75.00 and set an "outperform" rating on the stock in a research note on Thursday, January 18th. Finally, Citigroup lifted their price objective on Charles Schwab from $70.00 to $75.00 and gave the company a "neutral" rating in a research report on Thursday, April 11th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $74.47.

Charles Schwab Stock Down 1.7 %

The stock has a market cap of $134.16 billion, a P/E ratio of 31.61, a PEG ratio of 1.11 and a beta of 0.98. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82. The business has a 50-day simple moving average of $71.20 and a 200-day simple moving average of $65.15.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.32%. Charles Schwab's dividend payout ratio (DPR) is presently 41.84%.

Insider Transactions at Charles Schwab

In other news, insider Jonathan M. Craig sold 4,977 shares of the business's stock in a transaction dated 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 owns 81,446 shares in the company, valued at approximately $5,702,034.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Jonathan M. Craig sold 4,977 shares of Charles Schwab stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $70.01, for a total transaction of $348,439.77. Following the sale, the insider now owns 81,446 shares of the company's stock, valued at approximately $5,702,034.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company's stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $65.29, for a total value of $587,610.00. Following the completion of the transaction, the director now owns 585,057 shares of the company's stock, valued at $38,198,371.53. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 514,459 shares of company stock worth $36,371,155. Insiders own 6.60% of the company's stock.

Institutional Trading of Charles Schwab

Institutional investors have recently made changes to their positions in the business. Meeder Advisory Services Inc. raised its holdings in shares of Charles Schwab by 15.3% in the 1st quarter. Meeder Advisory Services Inc. now owns 15,880 shares of the financial services provider's stock worth $1,149,000 after buying an additional 2,108 shares in the last quarter. Pointe Capital Management LLC raised its stake in Charles Schwab by 3.3% during the first quarter. Pointe Capital Management LLC now owns 8,490 shares of the financial services provider's stock worth $614,000 after acquiring an additional 275 shares in the last quarter. NorthRock Partners LLC lifted its holdings in shares of Charles Schwab by 48.5% during the first quarter. NorthRock Partners LLC now owns 6,606 shares of the financial services provider's stock valued at $478,000 after acquiring an additional 2,157 shares during the period. Choate Investment Advisors boosted its stake in shares of Charles Schwab by 21.2% in the 1st quarter. Choate Investment Advisors now owns 109,816 shares of the financial services provider's stock valued at $7,944,000 after purchasing an additional 19,187 shares in the last quarter. Finally, Sfmg LLC grew its holdings in shares of Charles Schwab by 2.3% in the 1st quarter. Sfmg LLC now owns 56,156 shares of the financial services provider's stock worth $4,062,000 after purchasing an additional 1,243 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

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.