Charles Schwab (NYSE:SCHW) Stock Price Up 1.1%

Shares of The Charles Schwab Co. (NYSE:SCHW) rose 1.1% during trading on Friday . The company traded as high as $73.82 and last traded at $73.73. Approximately 2,036,075 shares changed hands during trading, a decline of 73% from the average daily volume of 7,674,849 shares. The stock had previously closed at $72.93.

Wall Street Analyst Weigh In

SCHW has been the subject of a number of research analyst reports. Piper Sandler lifted their price objective on shares of Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Raymond James dropped their target price on Charles Schwab from $78.00 to $75.00 and set an “outperform” rating for the company in a report on Thursday, January 18th. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Barclays lifted their target price on Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, Morgan Stanley lifted their target price on Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $74.47.

Charles Schwab Trading Up 0.8 %

The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43. The firm has a 50 day simple moving average of $68.38 and a two-hundred day simple moving average of $62.89. The firm has a market capitalization of $130.61 billion, a P/E ratio of 30.77, a PEG ratio of 1.06 and a beta of 1.01.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.04. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. The business had revenue of $4.46 billion for the quarter, compared to analysts’ expectations of $4.49 billion. During the same period last year, the business earned $1.07 EPS. The business’s revenue was down 18.9% on a year-over-year basis. Equities research analysts forecast that The Charles Schwab Co. will post 3.43 earnings per share for the current year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Thursday, February 8th. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

Insider Buying and Selling at Charles Schwab

In other news, CFO Peter B. Crawford sold 4,000 shares of the firm’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $64.49, for a total transaction of $257,960.00. Following the completion of the sale, the chief financial officer now directly owns 37,611 shares of the company’s stock, valued at approximately $2,425,533.39. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Charles Schwab news, CFO Peter B. Crawford sold 8,000 shares of Charles Schwab 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 completion of the transaction, the chief financial officer now owns 29,611 shares of the company’s stock, valued at approximately $1,917,608.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Peter B. Crawford sold 4,000 shares of Charles Schwab stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $64.49, for a total value of $257,960.00. Following the transaction, the chief financial officer now directly owns 37,611 shares of the company’s stock, valued at approximately $2,425,533.39. The disclosure for this sale can be found here. In the last three months, insiders have sold 312,800 shares of company stock worth $21,081,569. Corporate insiders own 6.60% of the company’s stock.

Institutional Trading of Charles Schwab

Hedge funds have recently bought and sold shares of the company. Signet Financial Management LLC increased its stake in Charles Schwab by 0.3% in the 4th quarter. Signet Financial Management LLC now owns 49,378 shares of the financial services provider’s stock worth $4,111,000 after purchasing an additional 139 shares during the period. Ironwood Financial llc lifted its holdings in Charles Schwab by 1.6% in the first quarter. Ironwood Financial llc now owns 10,186 shares of the financial services provider’s stock valued at $737,000 after acquiring an additional 160 shares during the period. Courier Capital LLC increased its position in Charles Schwab by 0.4% in the fourth quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider’s stock worth $3,133,000 after buying an additional 161 shares in the last quarter. Investment Advisory Services Inc. TX ADV grew its position in shares of Charles Schwab by 0.5% during the fourth quarter. Investment Advisory Services Inc. TX ADV now owns 32,642 shares of the financial services provider’s stock worth $2,718,000 after purchasing an additional 164 shares in the last quarter. Finally, Sugarloaf Wealth Management LLC lifted its stake in shares of Charles Schwab by 60.0% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 165 shares during the last quarter. 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.