Charles Schwab (NYSE:SCHW) Trading Up 0%

The Charles Schwab Co. (NYSE:SCHW) was up 0% on Thursday . The stock traded as high as $76.35 and last traded at $76.16. Approximately 975,733 shares traded hands during trading, a decline of 87% from the average daily volume of 7,500,671 shares. The stock had previously closed at $76.15.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on SCHW shares. Morgan Stanley raised their price objective on shares of Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. JPMorgan Chase & Co. raised their price objective on shares of Charles Schwab from $86.00 to $89.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. Raymond James dropped their price objective on shares of Charles Schwab from $78.00 to $75.00 and set an “outperform” rating for the company in a report on Thursday, January 18th. Citigroup raised their price objective on shares of Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Finally, Bank of America increased their price target on shares of Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a research note on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $74.47.

Charles Schwab Trading Down 0.9 %

The stock has a market capitalization of $133.99 billion, a P/E ratio of 31.56, a PEG ratio of 1.11 and a beta of 0.98. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43. The business’s 50 day simple moving average is $71.42 and its 200-day simple moving average is $65.23.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. The company had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.71 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.86%. As a group, analysts forecast that The Charles Schwab Co. will post 3.42 EPS for the current year.

Charles Schwab Dividend Announcement

The company also recently declared 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 1.33%. Charles Schwab’s dividend payout ratio is 41.84%.

Insider Transactions at Charles Schwab

In related news, CFO Peter B. Crawford sold 8,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $64.76, for a total transaction of $518,080.00. Following the sale, the chief financial officer now directly owns 29,611 shares in the company, valued at $1,917,608.36. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Chairman Charles R. Schwab sold 89,275 shares of the firm’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 completion of the transaction, the chairman now owns 30,641,981 shares in the company, valued at approximately $2,286,504,622.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Peter B. Crawford sold 8,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $64.76, for a total value of $518,080.00. Following the completion of the transaction, the chief financial officer now owns 29,611 shares of the company’s stock, valued at approximately $1,917,608.36. The disclosure for this sale can be found here. Insiders have sold a total of 659,587 shares of company stock valued at $47,399,731 over the last three months. 6.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Charles Schwab

Several hedge funds have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD grew its holdings in Charles Schwab by 33.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 69,360,233 shares of the financial services provider’s stock worth $4,771,985,000 after purchasing an additional 17,369,091 shares during the period. Norges Bank bought a new position in Charles Schwab during the fourth quarter worth about $950,192,000. Massachusetts Financial Services Co. MA grew its holdings in Charles Schwab by 26.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 29,775,952 shares of the financial services provider’s stock worth $1,634,700,000 after purchasing an additional 6,195,934 shares during the period. Ameriprise Financial Inc. grew its holdings in Charles Schwab by 186.2% during the third quarter. Ameriprise Financial Inc. now owns 7,107,176 shares of the financial services provider’s stock worth $390,234,000 after purchasing an additional 4,624,302 shares during the period. Finally, Boston Partners grew its holdings in Charles Schwab by 424.7% during the fourth quarter. Boston Partners now owns 4,451,090 shares of the financial services provider’s stock worth $305,400,000 after purchasing an additional 3,602,830 shares during the period. Institutional investors own 84.38% of the company’s stock.

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.