Charles Schwab (NYSE:SCHW) Shares Up 1%

The Charles Schwab Co. (NYSE:SCHW) shares traded up 1% during mid-day trading on Monday . The company traded as high as $74.41 and last traded at $74.12. 1,990,882 shares changed hands during trading, a decline of 74% from the average session volume of 7,687,026 shares. The stock had previously closed at $73.42.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a report on Friday, March 15th. JMP Securities reiterated a “market outperform” rating and set a $80.00 price objective on shares of Charles Schwab in a report on Tuesday, April 16th. Bank of America lifted their price objective on Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a report on Tuesday, April 16th. Piper Sandler lifted their price objective on Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Finally, Keefe, Bruyette & Woods lifted their price objective on Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a report on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Charles Schwab presently has a consensus rating of “Hold” and an average price target of $74.47.

Charles Schwab Price Performance

The stock has a market cap of $133.62 billion, a price-to-earnings ratio of 31.48, a price-to-earnings-growth ratio of 1.09 and a beta of 1.01. The company has a 50-day simple moving average of $69.02 and a two-hundred day simple moving average of $63.52. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43.

Insiders Place Their Bets

In other Charles Schwab news, CFO Peter B. Crawford sold 5,482 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $73.46, for a total transaction of $402,707.72. Following the transaction, the chief financial officer now owns 60,567 shares of the company’s stock, valued at approximately $4,449,251.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Jonathan M. Craig sold 4,977 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $5,702,034.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Peter B. Crawford sold 5,482 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $73.46, for a total value of $402,707.72. Following the transaction, the chief financial officer now directly owns 60,567 shares in the company, valued at $4,449,251.82. The disclosure for this sale can be found here. Insiders have sold 299,892 shares of company stock valued at $20,325,334 in the last 90 days. 6.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Tributary Capital Management LLC acquired a new position in Charles Schwab in the 1st quarter valued at $31,000. Sugarloaf Wealth Management LLC grew its holdings in 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 acquired a new position in Charles Schwab in the 4th quarter valued at $30,000. Wetzel Investment Advisors Inc. acquired a new position in Charles Schwab in the 4th quarter valued at $31,000. Finally, Hall Laurie J Trustee acquired a new position in Charles Schwab in the 4th quarter valued at $34,000. 84.38% of the stock is owned by institutional investors and hedge funds.

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.