Charles Schwab (NYSE:SCHW) Stock Price Up 1.3%

The Charles Schwab Co. (NYSE:SCHW)’s stock price was up 1.3% during trading on Thursday . The company traded as high as $73.59 and last traded at $73.45. Approximately 1,462,870 shares traded hands during trading, a decline of 81% from the average daily volume of 7,663,589 shares. The stock had previously closed at $72.50.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on SCHW shares. Morgan Stanley increased 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. Raymond James decreased their price objective on Charles Schwab from $78.00 to $75.00 and set an “outperform” rating on the stock in a report on Thursday, January 18th. Deutsche Bank Aktiengesellschaft raised their price objective on Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. The Goldman Sachs Group restated a “neutral” rating and set a $71.00 price objective (up previously from $70.00) on shares of Charles Schwab in a report on Wednesday, January 3rd. Finally, Barclays raised their price objective on Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a report on Tuesday. Three analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $74.47.

Charles Schwab Stock Up 0.7 %

The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $130.40 billion, a PE ratio of 30.72, a price-to-earnings-growth ratio of 1.07 and a beta of 1.01. The firm has a 50-day moving average of $68.58 and a two-hundred day moving average of $63.02.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.68 EPS for the quarter, beating the consensus estimate of $0.64 by $0.04. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. The company had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.49 billion. During the same period last year, the company posted $1.07 earnings per share. The firm’s revenue was down 18.9% compared to the same quarter last year. On average, equities research analysts forecast that The Charles Schwab Co. will post 3.42 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.36%. The ex-dividend date was Thursday, February 8th. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, insider Nigel J. Murtagh sold 29,991 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $67.80, for a total value of $2,033,389.80. Following the transaction, the insider now directly owns 81,446 shares of the company’s stock, valued at $5,522,038.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Chairman Charles R. Schwab sold 16,390 shares of Charles Schwab stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $63.94, for a total transaction of $1,047,976.60. Following the sale, the chairman now directly owns 61,331,688 shares of the company’s stock, valued at $3,921,548,130.72. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Nigel J. Murtagh sold 29,991 shares of Charles Schwab stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $67.80, for a total value 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 disclosure for this sale can be found here. Insiders have sold 312,800 shares of company stock valued at $21,081,569 over the last three months. 6.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Charles Schwab

A number of hedge funds have recently bought and sold shares of the company. Dodge & Cox grew its stake in Charles Schwab by 10.5% in the fourth quarter. Dodge & Cox now owns 86,421,986 shares of the financial services provider’s stock worth $5,945,833,000 after purchasing an additional 8,182,467 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Charles Schwab by 33.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 69,360,233 shares of the financial services provider’s stock worth $4,771,985,000 after purchasing an additional 17,369,091 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Charles Schwab by 4.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 30,994,967 shares of the financial services provider’s stock worth $2,132,454,000 after purchasing an additional 1,219,015 shares in the last quarter. Geode Capital Management LLC grew its stake in Charles Schwab by 1.5% in the first quarter. Geode Capital Management LLC now owns 27,050,168 shares of the financial services provider’s stock worth $1,413,244,000 after purchasing an additional 391,238 shares in the last quarter. Finally, Morgan Stanley grew its stake in Charles Schwab by 62.5% in the fourth quarter. Morgan Stanley now owns 22,255,649 shares of the financial services provider’s stock worth $1,853,005,000 after purchasing an additional 8,563,389 shares in the last quarter. 84.38% of the stock is currently 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.