Charles Schwab (NYSE:SCHW) Shares Down 0.1%

The Charles Schwab Co. (NYSE:SCHWGet Free Report) dropped 0.1% during mid-day trading on Monday . The stock traded as low as $72.17 and last traded at $72.27. Approximately 6,152,100 shares traded hands during trading, a decline of 19% from the average daily volume of 7,601,521 shares. The stock had previously closed at $72.34.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. UBS Group lifted their price target on shares of Charles Schwab from $87.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Keefe, Bruyette & Woods upped their price target on Charles Schwab from $75.00 to $76.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 16th. Citigroup raised their price objective on Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. TD Cowen lowered their target price on Charles Schwab from $92.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. Finally, StockNews.com downgraded shares of Charles Schwab from a “hold” rating to a “sell” rating in a research report on Friday, May 24th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $75.12.

Check Out Our Latest Stock Report on Charles Schwab

Charles Schwab Price Performance

The firm has a market cap of $125.81 billion, a PE ratio of 29.62, a P/E/G ratio of 1.08 and a beta of 0.98. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.42 and a quick ratio of 0.42. The business’s fifty day moving average is $73.75 and its 200-day moving average is $67.58.

Charles Schwab (NYSE:SCHWGet Free Report) last issued its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.01. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. The company had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.71 billion. On average, research analysts predict that The Charles Schwab Co. will post 3.31 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, May 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.41%. Charles Schwab’s payout ratio is 41.84%.

Insiders Place Their Bets

In related news, insider Nigel J. Murtagh sold 29,991 shares of Charles Schwab stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $67.80, for a total value of $2,033,389.80. Following the completion of the transaction, the insider now directly owns 81,446 shares in the company, valued at approximately $5,522,038.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Jonathan M. Craig sold 4,977 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $70.01, for a total value of $348,439.77. Following the sale, the insider now owns 81,446 shares in the company, valued at $5,702,034.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Nigel J. Murtagh sold 29,991 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $67.80, for a total value of $2,033,389.80. Following the transaction, the insider now owns 81,446 shares of the company’s stock, valued at $5,522,038.80. The disclosure for this sale can be found here. Insiders sold 608,036 shares of company stock worth $45,259,140 over the last quarter. 6.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Providence Capital Advisors LLC purchased a new position in shares of Charles Schwab in the 3rd quarter worth about $28,000. Sugarloaf Wealth Management LLC grew its position in Charles Schwab by 60.0% during 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 purchased a new position in shares of Charles Schwab during the fourth quarter worth approximately $30,000. Wetzel Investment Advisors Inc. bought a new stake in shares of Charles Schwab in the 4th quarter worth approximately $31,000. Finally, Tributary Capital Management LLC bought a new position in shares of Charles Schwab during the 1st quarter valued at $31,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Company Profile

(Get Free Report)

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.

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