Charles Schwab (NYSE:SCHW) Trading 0.5% Higher

The Charles Schwab Co. (NYSE:SCHWGet Free Report) traded up 0.5% during mid-day trading on Friday . The company traded as high as $74.87 and last traded at $74.60. 1,013,557 shares changed hands during trading, a decline of 86% from the average session volume of 7,440,913 shares. The stock had previously closed at $74.25.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SCHW shares. TD Cowen decreased their target price on shares of Charles Schwab from $92.00 to $88.00 and set a “buy” rating for the company in a research report on Thursday, May 23rd. Piper Sandler boosted their price objective on Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. JPMorgan Chase & Co. dropped their target price on Charles Schwab from $89.00 to $81.00 and set an “overweight” rating on the stock in a report on Friday, May 31st. Keefe, Bruyette & Woods lifted their target price on Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a research report on Tuesday, April 16th. Finally, Citigroup increased their price target on Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $74.65.

Read Our Latest Analysis on Charles Schwab

Charles Schwab Price Performance

The firm has a market cap of $131.39 billion, a PE ratio of 30.93, a P/E/G ratio of 1.14 and a beta of 0.96. 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 $73.96 and its 200-day moving average is $68.45.

Charles Schwab (NYSE:SCHWGet Free Report) last posted its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $4.71 billion. On average, research analysts predict that The Charles Schwab Co. will post 3.26 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 given a dividend of $0.25 per share. The ex-dividend date was Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.35%. Charles Schwab’s dividend payout ratio is presently 41.84%.

Insider Transactions at Charles Schwab

In other Charles Schwab news, insider Bernard J. Clark sold 77,431 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $70.94, for a total transaction of $5,492,955.14. Following the sale, the insider now directly owns 121,666 shares of the company’s stock, valued at $8,630,986.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Bernard J. Clark sold 77,431 shares of Charles Schwab stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $70.94, for a total value of $5,492,955.14. Following the completion of the transaction, the insider now directly owns 121,666 shares in the company, valued at approximately $8,630,986.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 approximately $5,702,034.46. The disclosure for this sale can be found here. In the last 90 days, insiders sold 655,476 shares of company stock worth $48,718,705. 6.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Charles Schwab

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Tactive Advisors LLC purchased a new position in Charles Schwab during the first quarter valued at approximately $430,000. Aurora Investment Counsel grew its position in shares of Charles Schwab by 0.8% during the 1st quarter. Aurora Investment Counsel now owns 39,785 shares of the financial services provider’s stock valued at $2,878,000 after purchasing an additional 311 shares in the last quarter. Garde Capital Inc. increased its holdings in shares of Charles Schwab by 82.5% in the first quarter. Garde Capital Inc. now owns 3,038 shares of the financial services provider’s stock worth $219,000 after purchasing an additional 1,373 shares during the period. Boston Partners raised its position in shares of Charles Schwab by 21.2% in the first quarter. Boston Partners now owns 5,395,138 shares of the financial services provider’s stock worth $390,856,000 after buying an additional 944,048 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in Charles Schwab by 2.6% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 258,143 shares of the financial services provider’s stock valued at $18,674,000 after buying an additional 6,457 shares during the period. 84.38% of the stock is currently owned by institutional investors.

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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