Charles Schwab (NYSE:SCHW) Shares Down 0.8%

The Charles Schwab Co. (NYSE:SCHW - Get Free Report)'s share price dropped 0.8% during trading on Wednesday . The company traded as low as $78.27 and last traded at $78.30. Approximately 894,908 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 7,412,238 shares. The stock had previously closed at $78.90.

Analyst Ratings Changes

SCHW has been the subject of a number of recent analyst reports. Piper Sandler boosted their price objective on Charles Schwab from $75.00 to $78.00 and gave the company an "overweight" rating in a research report on Friday, April 12th. Keefe, Bruyette & Woods boosted their price target on Charles Schwab from $75.00 to $76.00 and gave the stock a "market perform" rating in a research report on Tuesday, April 16th. JMP Securities reiterated a "market outperform" rating and set a $80.00 price target on shares of Charles Schwab in a research report on Tuesday, April 16th. Citigroup boosted their price target on Charles Schwab from $70.00 to $75.00 and gave the stock a "neutral" rating in a research report on Thursday, April 11th. Finally, Morgan Stanley boosted their price target 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. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $74.47.

Charles Schwab Trading Down 4.6 %

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 $133.78 billion, a PE ratio of 31.49, a price-to-earnings-growth ratio of 1.15 and a beta of 0.98. The company's 50 day simple moving average is $73.23 and its two-hundred day simple moving average is $66.95.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced 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. 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%. As a group, sell-side analysts anticipate that The Charles Schwab Co. will post 3.4 EPS 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. This represents a $1.00 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Thursday, May 9th. Charles Schwab's dividend payout ratio (DPR) is presently 41.84%.

Insider Activity

In other news, insider Nigel J. Murtagh sold 29,991 shares of Charles Schwab stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $67.80, for a total value of $2,033,389.80. Following the transaction, the insider now directly owns 81,446 shares of the company's stock, valued at approximately $5,522,038.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Chairman Charles R. Schwab sold 58,500 shares of Charles Schwab stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $64.60, for a total value 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 legal filing with the SEC, which is accessible through this link. Also, insider Nigel J. Murtagh sold 29,991 shares of Charles Schwab stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $67.80, for a total transaction of $2,033,389.80. Following the completion of the transaction, the insider now owns 81,446 shares in the company, valued at $5,522,038.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 672,036 shares of company stock valued at $49,281,565. 6.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Charles Schwab

Institutional investors have recently made changes to their positions in the stock. Nelson Capital Management LLC raised its position 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 purchasing an additional 141 shares during the last quarter. Abbrea Capital LLC raised its position in Charles Schwab by 2.5% in the 1st quarter. Abbrea Capital LLC now owns 5,777 shares of the financial services provider's stock valued at $418,000 after purchasing an additional 142 shares during the last quarter. Sweet Financial Partners LLC raised its position in Charles Schwab by 3.5% in the 1st quarter. Sweet Financial Partners LLC now owns 4,430 shares of the financial services provider's stock valued at $320,000 after purchasing an additional 150 shares during the last quarter. Ironwood Financial llc raised its position 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 valued at $737,000 after purchasing an additional 160 shares during the last quarter. Finally, Courier Capital LLC raised its position 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 purchasing an additional 161 shares during the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

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.