Charles Schwab (NYSE:SCHW) Trading 0.4% Higher

The Charles Schwab Co. (NYSE:SCHW) shares shot up 0.4% during trading on Monday . The company traded as high as $75.49 and last traded at $75.27. 856,013 shares changed hands during trading, a decline of 89% from the average session volume of 7,645,171 shares. The stock had previously closed at $74.99.

Analyst Upgrades and Downgrades

SCHW has been the topic of several research reports. Barclays increased their price target on shares of Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 16th. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $71.00 target price (up from $70.00) on shares of Charles Schwab in a report on Wednesday, January 3rd. Bank of America boosted their price target on Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a report on Tuesday, April 16th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $80.00 price objective on shares of Charles Schwab in a research note on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $74.47.

Charles Schwab Price Performance

The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43. The stock’s 50 day simple moving average is $69.68 and its two-hundred day simple moving average is $64.01. The firm has a market capitalization of $132.39 billion, a PE ratio of 31.49, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Thursday, May 9th. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

Insider Buying and Selling at Charles Schwab

In related news, CFO Peter B. Crawford sold 5,481 shares of the stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $75.51, for a total value of $413,870.31. Following the completion of the transaction, the chief financial officer now directly owns 60,567 shares in the company, valued at $4,573,414.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Peter B. Crawford sold 5,481 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $75.51, for a total value of $413,870.31. Following the sale, the chief financial officer now directly owns 60,567 shares of the company’s stock, valued at approximately $4,573,414.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Peter B. Crawford sold 8,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, 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 394,648 shares of company stock worth $27,400,905 in the last ninety days. 6.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Charles Schwab

Several institutional investors and hedge funds have recently modified their holdings of the company. Providence Capital Advisors LLC acquired a new stake in shares of Charles Schwab in the third quarter valued at $28,000. Sugarloaf Wealth Management LLC boosted its stake in shares of 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 during the period. Frazier Financial Advisors LLC acquired a new position in shares of Charles Schwab during the fourth quarter worth about $30,000. Wetzel Investment Advisors Inc. purchased a new stake in shares of Charles Schwab during the fourth quarter worth approximately $31,000. Finally, Tributary Capital Management LLC acquired a new stake in Charles Schwab in the first quarter valued at approximately $31,000. Hedge funds and other institutional investors 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.