Charles Schwab (NYSE:SCHW) Trading 0.6% Higher

The Charles Schwab Co. (NYSE:SCHW) shares shot up 0.6% during trading on Tuesday . The stock traded as high as $74.91 and last traded at $74.73. 1,836,894 shares were traded during trading, a decline of 76% from the average session volume of 7,700,834 shares. The stock had previously closed at $74.26.

Wall Street Analysts Forecast Growth

Several research firms have commented on SCHW. JPMorgan Chase & Co. lifted their price target on Charles Schwab from $86.00 to $89.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft lifted their price target on Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Barclays lifted 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. Morgan Stanley boosted their target price on Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Finally, JMP Securities reissued a “market outperform” rating and issued a $80.00 target price on shares of Charles Schwab in a report on Tuesday, April 16th. Two equities research 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $74.47.

Charles Schwab Price Performance

The stock has a fifty day moving average of $69.27 and a two-hundred day moving average of $63.60. The stock has a market cap of $133.56 billion, a price-to-earnings ratio of 31.46, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.33%. Charles Schwab’s dividend payout ratio is presently 41.84%.

Insider Buying and Selling

In related news, CFO Peter B. Crawford sold 8,000 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $64.76, for a total transaction of $518,080.00. Following the transaction, the chief financial officer now owns 29,611 shares of the company’s stock, valued at $1,917,608.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Charles Schwab news, insider Nigel J. Murtagh sold 29,991 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $67.80, for a total transaction of $2,033,389.80. Following the sale, the insider now directly owns 81,446 shares in the company, valued at $5,522,038.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Peter B. Crawford sold 8,000 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $64.76, for a total value of $518,080.00. Following the sale, the chief financial officer now owns 29,611 shares in the company, valued at $1,917,608.36. The disclosure for this sale can be found here. Insiders have sold 389,167 shares of company stock valued at $26,987,035 over the last quarter. Company insiders own 6.60% of the company’s stock.

Institutional Trading of Charles Schwab

Institutional investors have recently bought and sold shares of the company. Capital Investment Advisors LLC lifted its position in shares of Charles Schwab by 5.1% in the third quarter. Capital Investment Advisors LLC now owns 5,239 shares of the financial services provider’s stock valued at $288,000 after acquiring an additional 256 shares in the last quarter. Cedar Brook Financial Partners LLC lifted its position in shares of Charles Schwab by 10.8% in the third quarter. Cedar Brook Financial Partners LLC now owns 4,128 shares of the financial services provider’s stock valued at $227,000 after acquiring an additional 403 shares in the last quarter. Meridian Wealth Management LLC lifted its position in shares of Charles Schwab by 109.3% in the third quarter. Meridian Wealth Management LLC now owns 13,470 shares of the financial services provider’s stock valued at $739,000 after acquiring an additional 7,034 shares in the last quarter. Strategic Blueprint LLC lifted its position in shares of Charles Schwab by 3.5% in the third quarter. Strategic Blueprint LLC now owns 9,423 shares of the financial services provider’s stock valued at $517,000 after acquiring an additional 320 shares in the last quarter. Finally, CX Institutional increased its stake in Charles Schwab by 9.5% in the third quarter. CX Institutional now owns 9,953 shares of the financial services provider’s stock valued at $546,000 after purchasing an additional 866 shares during the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

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.