Charles Schwab (NYSE:SCHW) Trading 0.3% Higher

The Charles Schwab Co. (NYSE:SCHWGet Free Report) shares shot up 0.3% on Wednesday . The stock traded as high as $72.24 and last traded at $71.67. 1,096,729 shares were traded during mid-day trading, a decline of 86% from the average session volume of 7,620,201 shares. The stock had previously closed at $71.46.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Barclays increased their price objective on shares of Charles Schwab from $64.00 to $68.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 21st. Raymond James reduced their price objective on Charles Schwab from $78.00 to $75.00 and set an “outperform” rating on the stock in a research note on Thursday, January 18th. Citigroup lowered Charles Schwab from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $75.00 to $70.00 in a research note on Wednesday, January 10th. TD Cowen raised Charles Schwab from a “market perform” rating to an “outperform” rating and set a $87.00 target price on the stock in a research report on Friday, March 22nd. Finally, StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Two investment 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, Charles Schwab has a consensus rating of “Hold” and a consensus price target of $71.12.

Read Our Latest Report on SCHW

Charles Schwab Price Performance

The firm has a fifty day moving average of $66.30 and a two-hundred day moving average of $61.63. The stock has a market capitalization of $126.66 billion, a P/E ratio of 28.22, a P/E/G ratio of 1.38 and a beta of 1.01. 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:SCHWGet Free Report) last announced its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.04. The firm had revenue of $4.46 billion during the quarter, compared to analysts’ expectations of $4.49 billion. Charles Schwab had a net margin of 26.90% and a return on equity of 21.33%. The company’s revenue was down 18.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.07 EPS. On average, analysts predict that The Charles Schwab Co. will post 3.36 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Thursday, February 8th. Charles Schwab’s payout ratio is currently 39.37%.

Insider Buying and Selling at Charles Schwab

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $70.87, for a total value of $637,830.00. Following the sale, the director now directly owns 581,457 shares in the company, valued at approximately $41,207,857.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $70.87, for a total value of $637,830.00. Following the transaction, the director now owns 581,457 shares of the company’s stock, valued at approximately $41,207,857.59. The disclosure for this sale can be found here. Insiders have sold 216,584 shares of company stock worth $14,200,769 over the last quarter. Insiders own 6.60% of the company’s stock.

Institutional Investors Weigh In On Charles Schwab

Hedge funds have recently bought and sold shares of the stock. Dodge & Cox raised its position in shares of Charles Schwab by 10.5% in the fourth quarter. Dodge & Cox now owns 86,421,986 shares of the financial services provider’s stock worth $5,945,833,000 after acquiring an additional 8,182,467 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Charles Schwab by 33.4% in the 4th 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. State Street Corp boosted its position in Charles Schwab by 0.7% during the second quarter. State Street Corp now owns 60,391,016 shares of the financial services provider’s stock worth $3,422,963,000 after purchasing an additional 398,367 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Charles Schwab by 4.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 30,994,967 shares of the financial services provider’s stock valued at $2,132,454,000 after purchasing an additional 1,219,015 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Charles Schwab by 1.5% during the 1st quarter. Geode Capital Management LLC now owns 27,050,168 shares of the financial services provider’s stock worth $1,413,244,000 after buying an additional 391,238 shares during the period. Hedge funds and other institutional investors own 84.38% of the company’s stock.

About Charles Schwab

(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.

Further Reading

Receive News & Ratings for Charles Schwab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charles Schwab and related companies with MarketBeat.com's FREE daily email newsletter.