Charles Schwab (NYSE:SCHW) Trading Down 0.2%

Shares of The Charles Schwab Co. (NYSE:SCHW) were down 0.2% during mid-day trading on Thursday . The company traded as low as $74.35 and last traded at $74.40. Approximately 1,619,941 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 7,611,220 shares. The stock had previously closed at $74.57.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft boosted their price objective on Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Raymond James cut 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. The Goldman Sachs Group reissued a “neutral” rating and issued a $71.00 target price (up previously from $70.00) on shares of Charles Schwab in a report on Wednesday, January 3rd. Barclays raised 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 note on Tuesday, April 16th. Finally, StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $74.47.

Charles Schwab Stock Up 0.7 %

The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43. The company’s fifty day moving average price is $70.30 and its 200-day moving average price is $64.40. The stock has a market cap of $133.40 billion, a P/E ratio of 31.13, a price-to-earnings-growth ratio of 1.08 and a beta of 0.98.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders 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 annualized dividend and a dividend yield of 1.33%. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

Insider Transactions at Charles Schwab

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $65.29, for a total transaction of $587,610.00. Following the completion of the sale, the director now directly owns 585,057 shares in the company, valued at $38,198,371.53. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Charles Schwab news, insider Jonathan M. Craig sold 4,977 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $70.01, for a total transaction of $348,439.77. Following the transaction, the insider now directly owns 81,446 shares in the company, valued at approximately $5,702,034.46. The transaction was disclosed in a document filed 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 Wednesday, February 28th. The shares were sold at an average price of $65.29, for a total value of $587,610.00. Following the completion of the sale, the director now owns 585,057 shares of the company’s stock, valued at $38,198,371.53. The disclosure for this sale can be found here. Over the last three months, insiders have sold 514,459 shares of company stock worth $36,371,155. 6.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Charles Schwab

Large investors have recently modified their holdings of the business. Providence Capital Advisors LLC bought a new stake in Charles Schwab during the third quarter valued at about $28,000. Sugarloaf Wealth Management LLC boosted its holdings 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 valued at $30,000 after buying an additional 165 shares in the last quarter. Frazier Financial Advisors LLC purchased a new position in shares of Charles Schwab in the 4th quarter worth approximately $30,000. Wetzel Investment Advisors Inc. bought a new position in shares of Charles Schwab during the 4th quarter worth approximately $31,000. Finally, Tributary Capital Management LLC purchased a new stake in Charles Schwab during the first quarter valued at approximately $31,000. 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.