The Charles Schwab Co. (NYSE:SCHW) was the target of a significant decline in short interest in April. As of April 15th, there was short interest totalling 13,260,000 shares, a decline of 21.3% from the March 31st total of 16,850,000 shares. Based on an average daily volume of 7,960,000 shares, the days-to-cover ratio is currently 1.7 days.

Several equities research analysts have recently issued reports on SCHW shares. Citigroup lifted their price objective on shares of The Charles Schwab from $88.00 to $93.00 in a research report on Friday, April 23rd. Barclays boosted their price target on shares of The Charles Schwab from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, April 23rd. Wolfe Research upgraded shares of The Charles Schwab from a “peer perform” rating to an “outperform” rating and set a $87.00 price target on the stock in a research report on Monday, April 5th. The Goldman Sachs Group upgraded shares of The Charles Schwab from a “buy” rating to a “conviction-buy” rating and boosted their price target for the stock from $67.00 to $77.00 in a research report on Monday, April 5th. Finally, Argus boosted their price target on shares of The Charles Schwab from $66.00 to $77.00 in a research report on Tuesday, April 20th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The Charles Schwab presently has a consensus rating of “Buy” and a consensus target price of $75.59.

In other news, Chairman Charles R. Schwab sold 298,784 shares of The Charles Schwab stock in a transaction that occurred on Thursday, February 4th. The shares were sold at an average price of $54.46, for a total transaction of $16,271,776.64. Also, CEO Walter W. Bettinger sold 242,002 shares of The Charles Schwab stock in a transaction that occurred on Thursday, April 29th. The shares were sold at an average price of $70.68, for a total transaction of $17,104,701.36. Following the sale, the chief executive officer now owns 332,584 shares in the company, valued at approximately $23,507,037.12. The disclosure for this sale can be found here. Insiders have sold 2,305,954 shares of company stock worth $145,975,294 in the last ninety days. Insiders own 10.80% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Advisory Services Network LLC lifted its stake in The Charles Schwab by 26.5% in the fourth quarter. Advisory Services Network LLC now owns 46,543 shares of the financial services provider’s stock worth $2,469,000 after acquiring an additional 9,764 shares during the period. National Asset Management Inc. lifted its stake in The Charles Schwab by 10.7% in the fourth quarter. National Asset Management Inc. now owns 36,719 shares of the financial services provider’s stock worth $1,948,000 after acquiring an additional 3,545 shares during the period. Diversified Investment Strategies LLC lifted its stake in The Charles Schwab by 147.9% in the fourth quarter. Diversified Investment Strategies LLC now owns 16,550 shares of the financial services provider’s stock worth $977,000 after acquiring an additional 9,875 shares during the period. State of Wisconsin Investment Board lifted its stake in The Charles Schwab by 9.8% in the fourth quarter. State of Wisconsin Investment Board now owns 1,602,355 shares of the financial services provider’s stock worth $84,989,000 after acquiring an additional 142,778 shares during the period. Finally, Fiduciary Trust Co. lifted its stake in The Charles Schwab by 183.1% in the fourth quarter. Fiduciary Trust Co. now owns 18,241 shares of the financial services provider’s stock worth $967,000 after acquiring an additional 11,798 shares during the period. 77.47% of the stock is owned by hedge funds and other institutional investors.

Shares of SCHW traded down $0.85 during trading hours on Tuesday, reaching $70.09. 10,860,852 shares of the company traded hands, compared to its average volume of 8,357,281. The firm has a market cap of $126.58 billion, a price-to-earnings ratio of 32.45 and a beta of 1.17. The Charles Schwab has a 12-month low of $31.63 and a 12-month high of $72.16. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.30. The stock’s fifty day moving average price is $66.64 and its 200 day moving average price is $56.39.

The Charles Schwab (NYSE:SCHW) last issued its earnings results on Wednesday, April 14th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.02. The firm had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.35 billion. The Charles Schwab had a net margin of 29.80% and a return on equity of 13.52%. The business’s revenue was up 80.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.62 earnings per share. On average, research analysts forecast that The Charles Schwab will post 2.39 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 28th. Stockholders of record on Friday, May 14th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Thursday, May 13th. The Charles Schwab’s dividend payout ratio is currently 26.47%.

About The Charles Schwab

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates in two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.

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