Charles Schwab (NYSE:SCHW) Stock Price Down 0.1%

Shares of The Charles Schwab Co. (NYSE:SCHW) fell 0.1% during mid-day trading on Friday . The company traded as low as $75.21 and last traded at $75.27. 1,643,636 shares were traded during mid-day trading, a decline of 78% from the average session volume of 7,590,941 shares. The stock had previously closed at $75.33.

Analysts Set New Price Targets

SCHW has been the topic of several recent research reports. Piper Sandler lifted their target price 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. 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. Deutsche Bank Aktiengesellschaft increased their target price on Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Bank of America boosted their price target on Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a research note on Tuesday, April 16th. Finally, JPMorgan Chase & Co. increased their price objective on Charles Schwab from $86.00 to $89.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $74.47.

Charles Schwab Trading Up 0.9 %

The company’s 50-day moving average is $70.75 and its 200-day moving average is $64.63. 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 market cap of $135.05 billion, a price-to-earnings ratio of 31.82, a P/E/G ratio of 1.10 and a beta of 0.98.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.32%. Charles Schwab’s payout ratio is 41.84%.

Insider Activity at Charles Schwab

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $65.29, for a total transaction of $587,610.00. Following the transaction, the director now owns 585,057 shares of the company’s stock, valued at approximately $38,198,371.53. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $65.29, for a total value of $587,610.00. Following the completion of the sale, the director now directly owns 585,057 shares in the company, valued at $38,198,371.53. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Charles R. Schwab sold 89,275 shares of the business’s stock in a transaction dated 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 sale, the chairman now directly owns 30,641,981 shares of the company’s stock, valued at $2,286,504,622.22. The disclosure for this sale can be found here. Insiders sold a total of 514,459 shares of company stock valued at $36,371,155 over the last quarter. Corporate insiders own 6.60% of the company’s stock.

Hedge Funds Weigh In On Charles Schwab

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sweet Financial Partners LLC lifted its stake in shares of 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 period. Ironwood Financial llc boosted its holdings in Charles Schwab by 1.6% during the first quarter. Ironwood Financial llc now owns 10,186 shares of the financial services provider’s stock worth $737,000 after buying an additional 160 shares during the last quarter. Courier Capital LLC grew its position in shares of Charles Schwab by 0.4% during the 4th 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 during the period. Sugarloaf Wealth Management LLC increased its stake in shares of Charles Schwab by 60.0% in the 4th 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. Finally, Sculati Wealth Management LLC raised its position in shares of Charles Schwab by 0.4% in the 4th quarter. Sculati Wealth Management LLC now owns 42,971 shares of the financial services provider’s stock valued at $2,956,000 after acquiring an additional 165 shares during the period. 84.38% of the stock is owned by institutional investors.

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.