Charles Schwab (NYSE:SCHW) Reaches New 12-Month High at $74.41

The Charles Schwab Co. (NYSE:SCHW)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $74.41 and last traded at $74.21, with a volume of 1903447 shares. The stock had previously closed at $73.42.

Wall Street Analyst Weigh In

SCHW has been the topic of several research reports. Raymond James dropped their price target on shares of Charles Schwab from $78.00 to $75.00 and set an “outperform” rating on the stock in a research report on Thursday, January 18th. Deutsche Bank Aktiengesellschaft boosted their price objective on Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. TD Cowen boosted their price objective on Charles Schwab from $87.00 to $92.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Bank of America boosted their price objective on Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a report on Tuesday, April 16th. Finally, JMP Securities restated a “market outperform” rating and set a $80.00 price objective on shares of Charles Schwab in a report on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $74.47.

Charles Schwab Stock Up 1.3 %

The company has a market cap of $133.62 billion, a price-to-earnings ratio of 31.48, a P/E/G ratio of 1.09 and a beta of 1.01. The business has a fifty day moving average price of $69.02 and a two-hundred day moving average price of $63.52. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82.

Insider Activity at Charles Schwab

In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was 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 approximately $38,198,371.53. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was 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 approximately $38,198,371.53. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Charles R. Schwab sold 71,226 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $64.99, for a total value of $4,628,977.74. Following the completion of the sale, the chairman now directly owns 61,251,038 shares of the company’s stock, valued at approximately $3,980,704,959.62. The disclosure for this sale can be found here. In the last quarter, insiders sold 299,892 shares of company stock valued at $20,325,334. 6.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Charles Schwab

Large investors have recently added to or reduced their stakes in the stock. Tributary Capital Management LLC bought a new stake in Charles Schwab during the first quarter worth approximately $31,000. Sugarloaf Wealth Management LLC boosted its position in Charles Schwab by 60.0% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 165 shares during the period. Frazier Financial Advisors LLC bought a new stake in shares of Charles Schwab in the fourth quarter valued at approximately $30,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of Charles Schwab in the fourth quarter worth $31,000. Finally, Hall Laurie J Trustee acquired a new stake in shares of Charles Schwab in the fourth quarter worth $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.