Charles Schwab (NYSE:SCHW) Shares Up 1.5%

Shares of The Charles Schwab Co. (NYSE:SCHW) traded up 1.5% during trading on Monday . The company traded as high as $74.57 and last traded at $74.42. 1,149,118 shares changed hands during trading, a decline of 84% from the average session volume of 7,335,333 shares. The stock had previously closed at $73.34.

Analyst Upgrades and Downgrades

SCHW has been the topic of a number of research analyst reports. StockNews.com cut Charles Schwab from a “hold” rating to a “sell” rating in a report on Friday, May 24th. UBS Group increased their target price on shares of Charles Schwab from $87.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Citigroup raised their price target on shares of Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Barclays boosted their price objective on shares of Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 16th. Finally, JMP Securities reissued a “market outperform” rating and issued a $80.00 target price on shares of Charles Schwab in a research note on Tuesday, May 28th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Charles Schwab presently has an average rating of “Hold” and a consensus price target of $74.65.

Charles Schwab Trading Down 0.9 %

The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.69. The business has a 50 day simple moving average of $74.39 and a two-hundred day simple moving average of $69.66. The stock has a market cap of $130.20 billion, a price-to-earnings ratio of 30.65, a price-to-earnings-growth ratio of 1.14 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last released 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 business had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.71 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. As a group, equities analysts anticipate that The Charles Schwab Co. will post 3.25 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.37%. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

Insider Buying and Selling

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $72.49, for a total value of $652,410.00. Following the completion of the transaction, the director now owns 570,657 shares in the company, valued at approximately $41,366,925.93. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Charles Schwab news, Chairman Charles R. Schwab sold 65,360 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $76.89, for a total value of $5,025,530.40. Following the transaction, the chairman now owns 60,741,536 shares of the company’s stock, valued at $4,670,416,703.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $72.49, for a total value of $652,410.00. Following the transaction, the director now directly owns 570,657 shares of the company’s stock, valued at $41,366,925.93. The disclosure for this sale can be found here. Over the last three months, insiders sold 658,663 shares of company stock worth $48,997,146. Corporate insiders own 6.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SCHW. Cape Investment Advisory Inc. lifted its stake in Charles Schwab by 1.2% in the first quarter. Cape Investment Advisory Inc. now owns 25,242 shares of the financial services provider’s stock valued at $1,826,000 after buying an additional 298 shares during the last quarter. IMS Capital Management lifted its position in Charles Schwab by 5.2% in the 1st quarter. IMS Capital Management now owns 14,605 shares of the financial services provider’s stock valued at $1,057,000 after purchasing an additional 725 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Charles Schwab by 13.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 22,929 shares of the financial services provider’s stock valued at $1,696,000 after purchasing an additional 2,767 shares during the last quarter. Tactive Advisors LLC acquired a new position in Charles Schwab during the 1st quarter valued at about $430,000. Finally, Aurora Investment Counsel grew its position in Charles Schwab by 0.8% in the 1st quarter. Aurora Investment Counsel now owns 39,785 shares of the financial services provider’s stock worth $2,878,000 after purchasing an additional 311 shares during the last quarter. Institutional investors and hedge funds 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.