Charles Schwab (NYSE:SCHW) Shares Down 0.8%

The Charles Schwab Co. (NYSE:SCHW - Get Free Report)'s stock price was down 0.8% during trading on Monday . The company traded as low as $75.51 and last traded at $75.52. Approximately 565,317 shares traded hands during trading, a decline of 92% from the average daily volume of 7,454,814 shares. The stock had previously closed at $76.11.

Analyst Ratings Changes

A number of brokerages recently issued reports on SCHW. JPMorgan Chase & Co. boosted their price target on Charles Schwab from $86.00 to $89.00 and gave the company an "overweight" rating in a report on Tuesday, April 16th. Citigroup raised their price target on Charles Schwab from $70.00 to $75.00 and gave the company a "neutral" rating in a research note on Thursday, April 11th. TD Cowen upped their price objective on shares of Charles Schwab from $87.00 to $92.00 and gave the stock a "buy" rating in a research note on Tuesday, April 16th. StockNews.com upgraded shares of Charles Schwab from a "sell" rating to a "hold" rating in a report on Friday, March 15th. Finally, Bank of America boosted their price objective on shares of Charles Schwab from $68.00 to $70.00 and gave the stock an "underperform" rating in a research note on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Charles Schwab presently has an average rating of "Hold" and a consensus target price of $74.47.

Charles Schwab Trading Down 1.9 %

The firm has a market cap of $132.76 billion, a PE ratio of 31.31, a P/E/G ratio of 1.12 and a beta of 0.98. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.42 and a current ratio of 0.42. The company has a 50 day simple moving average of $71.78 and a two-hundred day simple moving average of $65.71.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.01. The company had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.71 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. Analysts expect 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. Shareholders of record on Friday, May 10th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Thursday, May 9th. Charles Schwab's dividend payout ratio is currently 41.84%.

Insider Activity

In related news, CFO Peter B. Crawford sold 8,000 shares of the firm's stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $64.76, for a total transaction of $518,080.00. Following the sale, the chief financial officer now directly owns 29,611 shares of the company's stock, valued at $1,917,608.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $65.29, for a total value of $587,610.00. Following the sale, the director now directly owns 585,057 shares of the company's stock, valued at $38,198,371.53. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Peter B. Crawford sold 8,000 shares of the business's stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $64.76, for a total transaction of $518,080.00. Following the completion of the sale, the chief financial officer now directly owns 29,611 shares of the company's stock, valued at approximately $1,917,608.36. The disclosure for this sale can be found here. Insiders sold a total of 659,587 shares of company stock valued at $47,399,731 in the last quarter. 6.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Charles Schwab

Several large investors have recently bought and sold shares of the company. Nelson Capital Management LLC raised its holdings in Charles Schwab by 0.4% in the 1st quarter. Nelson Capital Management LLC now owns 37,726 shares of the financial services provider's stock valued at $2,729,000 after acquiring an additional 141 shares during the last quarter. Abbrea Capital LLC lifted its position in Charles Schwab by 2.5% during the first quarter. Abbrea Capital LLC now owns 5,777 shares of the financial services provider's stock worth $418,000 after buying an additional 142 shares in the last quarter. Sweet Financial Partners LLC boosted its stake in Charles Schwab by 3.5% during the first quarter. Sweet Financial Partners LLC now owns 4,430 shares of the financial services provider's stock worth $320,000 after buying an additional 150 shares during the last quarter. Ironwood Financial llc boosted its stake in Charles Schwab by 1.6% during the first quarter. Ironwood Financial llc now owns 10,186 shares of the financial services provider's stock worth $737,000 after buying an additional 160 shares during the last quarter. Finally, Courier Capital LLC grew its holdings in Charles Schwab by 0.4% in 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 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.

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