Charles Schwab (NYSE:SCHW) Reaches New 12-Month High at $74.41

Shares of The Charles Schwab Co. (NYSE:SCHW) reached a new 52-week high on Monday . The company traded as high as $74.41 and last traded at $74.21, with a volume of 1903447 shares. The stock had previously closed at $73.42.

Analyst Upgrades and Downgrades

SCHW has been the topic of a number of recent analyst reports. 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. Keefe, Bruyette & Woods boosted their target price on Charles Schwab from $75.00 to $76.00 and gave the stock a “market perform” rating in a report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft upped their price objective on Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Bank of America upped their price objective on Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a report on Tuesday, April 16th. Finally, Raymond James decreased their price objective on Charles Schwab from $78.00 to $75.00 and set an “outperform” rating on the stock in a report on Thursday, January 18th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $74.47.

Charles Schwab Trading Up 1.3 %

The business has a 50-day moving average price of $69.02 and a two-hundred day moving average price of $63.52. The stock has a market capitalization of $133.62 billion, a P/E ratio of 31.48, a P/E/G ratio of 1.09 and a beta of 1.01. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82.

Insider Activity

In other news, Director Carolyn Schwab-Pomerantz sold 7,482 shares of the company’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $73.47, for a total transaction of $549,702.54. Following the completion of the sale, the director now directly owns 1,719,399 shares in the company, valued at approximately $126,324,244.53. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Carolyn Schwab-Pomerantz sold 7,482 shares of the company’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $73.47, for a total transaction of $549,702.54. Following the completion of the sale, the director now directly owns 1,719,399 shares in the company, valued at approximately $126,324,244.53. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Charles R. Schwab sold 71,226 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $64.99, for a total value of $4,628,977.74. Following the completion of the transaction, the chairman now owns 61,251,038 shares of the company’s stock, valued at $3,980,704,959.62. The disclosure for this sale can be found here. In the last three months, insiders sold 299,892 shares of company stock worth $20,325,334. 6.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Charles Schwab

Large investors have recently bought and sold shares of the company. Investment Research & Advisory Group Inc. raised its position in Charles Schwab by 1.0% in the fourth quarter. Investment Research & Advisory Group Inc. now owns 58,979 shares of the financial services provider’s stock valued at $4,058,000 after purchasing an additional 607 shares during the last quarter. Bamco Inc. NY increased its stake in shares of Charles Schwab by 0.5% in the third quarter. Bamco Inc. NY now owns 8,102,475 shares of the financial services provider’s stock valued at $444,826,000 after buying an additional 42,588 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Charles Schwab by 43.2% in the third quarter. Nisa Investment Advisors LLC now owns 551,682 shares of the financial services provider’s stock valued at $30,287,000 after buying an additional 166,316 shares during the period. Wright Investors Service Inc. increased its stake in shares of Charles Schwab by 9.3% in the fourth quarter. Wright Investors Service Inc. now owns 47,164 shares of the financial services provider’s stock valued at $3,245,000 after buying an additional 4,001 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Charles Schwab by 22.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 883,379 shares of the financial services provider’s stock valued at $60,776,000 after buying an additional 160,719 shares during the period. 84.38% of the stock is currently owned by 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.