Charles Schwab (NYSE:SCHW) Trading 0.3% Higher

The Charles Schwab Co. (NYSE:SCHW)’s share price was up 0.3% during trading on Monday . The company traded as high as $76.69 and last traded at $76.29. Approximately 1,046,803 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 7,559,300 shares. The stock had previously closed at $76.04.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Barclays upped their price target on Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 16th. TD Cowen boosted their price objective on Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. lifted their price target on Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a research report on Tuesday, April 16th. Piper Sandler raised their price objective on shares of Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. 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 research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $74.47.

Charles Schwab Stock Up 1.1 %

The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $136.51 billion, a PE ratio of 31.92, a price-to-earnings-growth ratio of 1.11 and a beta of 0.98. The firm has a 50-day moving average of $70.75 and a two-hundred day moving average of $64.80.

Charles Schwab Dividend Announcement

The business 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 $0.25 dividend. The ex-dividend date is Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.30%. Charles Schwab’s payout ratio is currently 41.84%.

Insider Transactions at Charles Schwab

In other news, CFO Peter B. Crawford sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $64.76, for a total value of $518,080.00. Following the completion of the transaction, the chief financial officer now owns 29,611 shares of the company’s stock, valued at $1,917,608.36. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Charles Schwab news, CFO Peter B. Crawford sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $64.76, for a total value of $518,080.00. Following the sale, the chief financial officer now directly owns 29,611 shares of the company’s stock, valued at approximately $1,917,608.36. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Charles R. Schwab sold 71,226 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $64.99, for a total transaction of $4,628,977.74. Following the transaction, the chairman now 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 three months, insiders have sold 514,459 shares of company stock worth $36,371,155. 6.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Charles Schwab

Several large investors have recently bought and sold shares of the stock. Investment Research & Advisory Group Inc. grew its position in Charles Schwab by 1.0% in the 4th quarter. Investment Research & Advisory Group Inc. now owns 58,979 shares of the financial services provider’s stock valued at $4,058,000 after buying an additional 607 shares during the last quarter. Bamco Inc. NY boosted its position in shares of Charles Schwab by 0.5% in the 3rd quarter. Bamco Inc. NY now owns 8,102,475 shares of the financial services provider’s stock worth $444,826,000 after buying an additional 42,588 shares in the last quarter. Retirement Systems of Alabama increased its holdings in Charles Schwab by 13.0% during the 4th quarter. Retirement Systems of Alabama now owns 1,329,388 shares of the financial services provider’s stock valued at $91,462,000 after acquiring an additional 152,967 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Charles Schwab by 43.2% in the third quarter. Nisa Investment Advisors LLC now owns 551,682 shares of the financial services provider’s stock valued at $30,287,000 after purchasing an additional 166,316 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Charles Schwab by 22.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 883,379 shares of the financial services provider’s stock valued at $60,776,000 after purchasing an additional 160,719 shares during the last quarter. Institutional investors and hedge funds 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.