Charles Schwab (NYSE:SCHW) Shares Down 0.2%

The Charles Schwab Co. (NYSE:SCHW) shares were down 0.2% on Tuesday . The stock traded as low as $70.37 and last traded at $71.10. Approximately 2,897,876 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 7,590,177 shares. The stock had previously closed at $71.23.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SCHW shares. Keefe, Bruyette & Woods upped their price target on shares of Charles Schwab from $75.00 to $76.00 and gave the stock a “market perform” rating in a research report on Tuesday. TD Cowen increased their target price on shares of Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday. Bank of America increased their target price on shares of Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a research report on Tuesday. The Goldman Sachs Group reissued a “neutral” rating and set a $71.00 target price (up previously from $70.00) on shares of Charles Schwab in a research report on Wednesday, January 3rd. Finally, Barclays increased their target price on shares of Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $74.47.

Charles Schwab Price Performance

The stock has a market cap of $128.76 billion, a price-to-earnings ratio of 30.33, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The stock’s 50 day moving average price is $68.17 and its two-hundred day moving average price is $62.82. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. The firm had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.49 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.86%. The business’s quarterly revenue was down 18.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.07 earnings per share. Equities research analysts forecast that The Charles Schwab Co. will post 3.41 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.38%. Charles Schwab’s payout ratio is currently 41.84%.

Insider Activity at Charles Schwab

In related news, CFO Peter B. Crawford sold 4,000 shares of the firm’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $64.49, for a total transaction of $257,960.00. Following the sale, the chief financial officer now owns 37,611 shares in the company, valued at $2,425,533.39. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Charles Schwab news, Chairman Charles R. Schwab sold 16,390 shares of the stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $63.94, for a total transaction of $1,047,976.60. Following the transaction, the chairman now directly owns 61,331,688 shares of the company’s stock, valued at $3,921,548,130.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Peter B. Crawford sold 4,000 shares of the firm’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $64.49, for a total transaction of $257,960.00. Following the completion of the transaction, the chief financial officer now directly owns 37,611 shares in the company, valued at $2,425,533.39. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 216,584 shares of company stock worth $14,200,769. 6.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Charles Schwab

Several hedge funds and other institutional investors have recently modified their holdings of the business. Signet Financial Management LLC lifted its stake in shares of Charles Schwab by 0.3% in the fourth quarter. Signet Financial Management LLC now owns 49,378 shares of the financial services provider’s stock worth $4,111,000 after buying an additional 139 shares in the last quarter. Ironwood Financial llc increased its position in shares of Charles Schwab by 1.6% during the first quarter. Ironwood Financial llc now owns 10,186 shares of the financial services provider’s stock valued at $737,000 after acquiring an additional 160 shares during the last quarter. Courier Capital LLC increased its position in shares of Charles Schwab by 0.4% during the fourth quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider’s stock valued at $3,133,000 after acquiring an additional 161 shares during the last quarter. Investment Advisory Services Inc. TX ADV increased its position in shares of Charles Schwab by 0.5% during the fourth quarter. Investment Advisory Services Inc. TX ADV now owns 32,642 shares of the financial services provider’s stock valued at $2,718,000 after acquiring an additional 164 shares during the last quarter. Finally, Sugarloaf Wealth Management LLC increased its position in shares of 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. 84.38% of the stock is owned by hedge funds and other 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.