Charles Schwab (NYSE:SCHW) Trading 1.1% Higher

The Charles Schwab Co. (NYSE:SCHW)’s share price shot up 1.1% on Friday . The stock traded as high as $73.82 and last traded at $73.73. 2,036,075 shares were traded during trading, a decline of 73% from the average session volume of 7,674,849 shares. The stock had previously closed at $72.93.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SCHW. Barclays boosted 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, April 16th. The Goldman Sachs Group restated a “neutral” rating and set a $71.00 target price (up from $70.00) on shares of Charles Schwab in a report on Wednesday, January 3rd. JPMorgan Chase & Co. boosted their target price on Charles Schwab from $86.00 to $89.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. TD Cowen upped their price objective on Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Finally, Citigroup upped their price objective on Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $74.47.

Charles Schwab Stock Up 0.7 %

The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43. The business has a 50 day simple moving average of $68.58 and a 200 day simple moving average of $63.11. The company has a market capitalization of $130.40 billion, a price-to-earnings ratio of 30.72, a PEG ratio of 1.07 and a beta of 1.01.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. The company had revenue of $4.46 billion for the quarter, compared to analysts’ expectations of $4.49 billion. During the same period in the prior year, the firm earned $1.07 earnings per share. The firm’s revenue was down 18.9% compared to the same quarter last year. As a group, equities analysts predict that The Charles Schwab Co. will post 3.42 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Thursday, February 8th. Charles Schwab’s dividend payout ratio (DPR) is 41.84%.

Insider Transactions at Charles Schwab

In other news, Chairman Charles R. Schwab sold 71,226 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $64.99, for a total transaction of $4,628,977.74. Following the sale, the chairman now owns 61,251,038 shares of the company’s stock, valued at $3,980,704,959.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Chairman Charles R. Schwab sold 58,500 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $64.60, for a total transaction of $3,779,100.00. Following the sale, the chairman now owns 61,192,538 shares of the company’s stock, valued at $3,953,037,954.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Charles R. Schwab sold 71,226 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $64.99, for a total value of $4,628,977.74. Following the sale, the chairman now directly owns 61,251,038 shares in the company, valued at approximately $3,980,704,959.62. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 312,800 shares of company stock valued at $21,081,569. 6.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Charles Schwab

Several large investors have recently bought and sold shares of the business. Maryland State Retirement & Pension System increased its holdings in Charles Schwab by 0.9% in the first quarter. Maryland State Retirement & Pension System now owns 116,372 shares of the financial services provider’s stock valued at $8,425,000 after buying an additional 986 shares during the last quarter. Mezzasalma Advisors LLC increased its holdings in Charles Schwab by 10.1% in the first quarter. Mezzasalma Advisors LLC now owns 74,974 shares of the financial services provider’s stock valued at $5,424,000 after buying an additional 6,865 shares during the last quarter. Veracity Capital LLC increased its holdings in Charles Schwab by 58.4% in the first quarter. Veracity Capital LLC now owns 9,452 shares of the financial services provider’s stock valued at $684,000 after buying an additional 3,484 shares during the last quarter. Marshall Financial Group LLC increased its holdings in Charles Schwab by 15.3% in the first quarter. Marshall Financial Group LLC now owns 3,772 shares of the financial services provider’s stock valued at $273,000 after buying an additional 500 shares during the last quarter. Finally, Tran Capital Management L.P. increased its holdings in Charles Schwab by 128.6% in the first quarter. Tran Capital Management L.P. now owns 433,211 shares of the financial services provider’s stock valued at $31,338,000 after buying an additional 243,695 shares during the last quarter. Hedge funds and other 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.