Charles Schwab (NYSE:SCHW) Trading Up 0%

The Charles Schwab Co. (NYSE:SCHWGet Free Report) was up 0% on Wednesday . The company traded as high as $73.14 and last traded at $72.84. Approximately 5,868,562 shares were traded during trading, a decline of 9% from the average daily volume of 6,418,687 shares. The stock had previously closed at $72.81.

Analyst Ratings Changes

A number of equities analysts have weighed in on SCHW shares. JMP Securities reaffirmed a “market outperform” rating and set a $80.00 target price on shares of Charles Schwab in a research note on Tuesday, May 28th. StockNews.com downgraded shares of Charles Schwab from a “hold” rating to a “sell” rating in a research note on Friday, May 24th. 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. JPMorgan Chase & Co. decreased their target price on shares of Charles Schwab from $89.00 to $81.00 and set an “overweight” rating for the company in a research note on Friday, May 31st. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Charles Schwab from $86.00 to $83.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Charles Schwab currently has a consensus rating of “Hold” and a consensus price target of $74.65.

View Our Latest Analysis on Charles Schwab

Charles Schwab Stock Performance

The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.42 and a current ratio of 0.42. The firm has a market cap of $129.46 billion, a P/E ratio of 30.48, a P/E/G ratio of 1.12 and a beta of 0.96. The business’s 50-day simple moving average is $74.16 and its 200 day simple moving average is $69.28.

Charles Schwab (NYSE:SCHWGet Free Report) last posted its earnings results on Monday, April 15th. The financial services provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. The business had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.71 billion. As a group, equities analysts predict that The Charles Schwab Co. will post 3.26 earnings per share for the current year.

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Thursday, May 9th. Charles Schwab’s dividend payout ratio 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 Thursday, March 21st. The shares were sold at an average price of $70.87, for a total transaction of $637,830.00. Following the transaction, the director now owns 581,457 shares in the company, valued at approximately $41,207,857.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $70.87, for a total transaction of $637,830.00. Following the transaction, the director now owns 581,457 shares in the company, valued at approximately $41,207,857.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jonathan M. Craig sold 4,977 shares of Charles Schwab 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 owns 81,446 shares in the company, valued at approximately $5,702,034.46. The disclosure for this sale can be found here. Insiders have sold 663,640 shares of company stock worth $49,331,005 in the last 90 days. 6.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Providence Capital Advisors LLC purchased a new position in shares of Charles Schwab during the 3rd quarter valued at $28,000. Sugarloaf Wealth Management LLC lifted its stake in shares of Charles Schwab by 60.0% during 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 during the 4th quarter valued at $30,000. Wetzel Investment Advisors Inc. purchased a new position in shares of Charles Schwab during the 4th quarter valued at $31,000. Finally, Tributary Capital Management LLC purchased a new position in shares of Charles Schwab during the 1st quarter valued at $31,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Company Profile

(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.

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