Charles Schwab (NYSE:SCHW) Stock Price Up 1.5%

The Charles Schwab Co. (NYSE:SCHW) shot up 1.5% during trading on Monday . The company traded as high as $74.57 and last traded at $74.42. 1,149,118 shares traded hands during trading, a decline of 84% from the average session volume of 7,335,333 shares. The stock had previously closed at $73.34.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on SCHW shares. StockNews.com downgraded shares of Charles Schwab from a “hold” rating to a “sell” rating in a research report on Friday, May 24th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $76.00 price objective on shares of Charles Schwab in a report on Monday, June 17th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Charles Schwab from $86.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. Piper Sandler raised their price objective on shares of Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Finally, UBS Group raised their target price on shares of Charles Schwab from $87.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Charles Schwab presently has a consensus rating of “Hold” and an average target price of $74.65.

Charles Schwab Trading Up 2.0 %

The company’s 50-day moving average is $74.30 and its 200-day moving average is $69.51. The firm has a market cap of $133.01 billion, a price-to-earnings ratio of 31.14, a P/E/G ratio of 1.12 and a beta of 0.96. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.42 and a current ratio of 0.42.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The company had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.71 billion. Charles Schwab had a return on equity of 19.25% and a net margin of 26.14%. On average, research analysts predict that The Charles Schwab Co. will post 3.25 earnings per share for the current year.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend was Thursday, May 9th. Charles Schwab’s dividend payout ratio (DPR) is currently 41.84%.

Insider Activity

In other news, Chairman Charles R. Schwab sold 89,275 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $74.62, for a total value of $6,661,700.50. Following the completion of the sale, the chairman now owns 30,641,981 shares of the company’s stock, valued at approximately $2,286,504,622.22. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Charles Schwab news, Chairman Charles R. Schwab sold 89,275 shares of the firm’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $74.62, for a total transaction of $6,661,700.50. Following the completion of the sale, the chairman now owns 30,641,981 shares of the company’s stock, valued at approximately $2,286,504,622.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Goldfarb sold 7,100 shares of the firm’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $70.86, for a total value of $503,106.00. Following the sale, the director now directly owns 19,917 shares of the company’s stock, valued at approximately $1,411,318.62. The disclosure for this sale can be found here. In the last 90 days, insiders sold 649,663 shares of company stock valued at $48,344,736. 6.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SCHW. Sugarloaf Wealth Management LLC grew its position 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 during the last quarter. Frazier Financial Advisors LLC bought a new position in Charles Schwab in the fourth quarter valued at about $30,000. Wetzel Investment Advisors Inc. bought a new position in Charles Schwab in the fourth quarter valued at about $31,000. Tributary Capital Management LLC bought a new position in Charles Schwab in the first quarter valued at about $31,000. Finally, Hall Laurie J Trustee bought a new position in Charles Schwab in the fourth quarter valued at about $34,000. Institutional investors and hedge funds 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.