Charles Schwab (NYSE:SCHW) Shares Down 0.5%

The Charles Schwab Co. (NYSE:SCHW) shares traded down 0.5% during trading on Thursday . The company traded as low as $71.70 and last traded at $72.04. 1,190,260 shares changed hands during trading, a decline of 85% from the average session volume of 7,727,360 shares. The stock had previously closed at $72.38.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SCHW. Barclays increased their price target on Charles Schwab from $64.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 21st. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Keefe, Bruyette & Woods cut Charles Schwab from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $75.00 to $70.00 in a research note on Thursday, January 18th. JMP Securities restated a “market outperform” rating and set a $77.00 price objective on shares of Charles Schwab in a report on Thursday, January 18th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Charles Schwab has a consensus rating of “Hold” and a consensus target price of $71.12.

Charles Schwab Stock Down 0.1 %

The stock has a fifty day moving average price of $65.61 and a 200 day moving average price of $61.26. The stock has a market capitalization of $128.29 billion, a P/E ratio of 28.53, a price-to-earnings-growth ratio of 1.37 and a beta of 1.00. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. Charles Schwab had a return on equity of 21.33% and a net margin of 26.90%. The business had revenue of $4.46 billion during the quarter, compared to analyst estimates of $4.49 billion. During the same quarter in the previous year, the firm earned $1.07 EPS. The company’s quarterly revenue was down 18.9% compared to the same quarter last year. On average, research analysts forecast that The Charles Schwab Co. will post 3.33 earnings per share for the current year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were issued a $0.25 dividend. The ex-dividend date was Thursday, February 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.38%. Charles Schwab’s payout ratio is currently 39.37%.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, CFO Peter B. Crawford sold 4,000 shares of Charles Schwab 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 sale, the chief financial officer now owns 37,611 shares of the company’s stock, valued at $2,425,533.39. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Charles Schwab news, CFO Peter B. Crawford sold 4,000 shares of the company’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $64.49, for a total transaction of $257,960.00. Following the completion of the sale, the chief financial officer now directly 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 is accessible through this link. Also, insider Jonathan M. Craig sold 4,977 shares of the stock in a transaction dated Thursday, March 21st. The shares were 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 of the company’s stock, valued at $5,702,034.46. The disclosure for this sale can be found here. Insiders have sold a total of 216,584 shares of company stock valued at $14,200,769 in the last 90 days. Corporate insiders own 6.60% of the company’s stock.

Institutional Investors Weigh In On Charles Schwab

A number of large investors have recently added to or reduced their stakes in SCHW. Main Street Group LTD purchased a new stake in shares of Charles Schwab in the 4th quarter worth about $29,000. Sugarloaf Wealth Management LLC grew its position in shares of Charles Schwab by 60.0% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after buying an additional 165 shares during the period. Frazier Financial Advisors LLC bought a new position in shares of Charles Schwab in the 4th quarter worth about $30,000. Wetzel Investment Advisors Inc. purchased a new position in Charles Schwab during the 4th quarter valued at about $31,000. Finally, Hall Laurie J Trustee bought a new stake in Charles Schwab during the fourth quarter worth about $34,000. Institutional investors own 84.38% of the company’s stock.

About Charles Schwab

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.