Charles Schwab (NYSE:SCHW) Shares Up 1%

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on SCHW. Keefe, Bruyette & Woods upped their price objective on shares of Charles Schwab from $75.00 to $76.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. JPMorgan Chase & Co. increased their price target on shares of Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. Piper Sandler increased their price target on shares of Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Finally, Raymond James cut their price target on shares of Charles Schwab from $78.00 to $75.00 and set an “outperform” rating for the company in a report on Thursday, January 18th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Charles Schwab presently has an average rating of “Hold” and an average target price of $74.47.

Charles Schwab Price Performance

The company has a market capitalization of $133.62 billion, a price-to-earnings ratio of 31.48, a PEG ratio of 1.09 and a beta of 1.01. The company’s 50 day simple moving average is $69.02 and its 200-day simple moving average is $63.52. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82.

Insider Buying and Selling

In related news, Director Carolyn Schwab-Pomerantz sold 7,482 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $73.47, for a total value of $549,702.54. Following the sale, the director now directly owns 1,719,399 shares of the company’s stock, valued at $126,324,244.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Chairman Charles R. Schwab sold 71,226 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $64.99, for a total value of $4,628,977.74. Following the sale, the chairman now directly owns 61,251,038 shares of the company’s stock, valued at $3,980,704,959.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Carolyn Schwab-Pomerantz sold 7,482 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $73.47, for a total transaction of $549,702.54. Following the completion of the transaction, the director now owns 1,719,399 shares in the company, valued at approximately $126,324,244.53. The disclosure for this sale can be found here. Over the last three months, insiders have sold 299,892 shares of company stock valued at $20,325,334. Insiders own 6.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its stake in shares of Charles Schwab by 33.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 69,360,233 shares of the financial services provider’s stock valued at $4,771,985,000 after purchasing an additional 17,369,091 shares during the period. Norges Bank bought a new stake in shares of Charles Schwab in the fourth quarter worth $950,192,000. Massachusetts Financial Services Co. MA increased its stake in shares of Charles Schwab by 26.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 29,775,952 shares of the financial services provider’s stock worth $1,634,700,000 after buying an additional 6,195,934 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Charles Schwab by 186.2% in the third quarter. Ameriprise Financial Inc. now owns 7,107,176 shares of the financial services provider’s stock worth $390,234,000 after buying an additional 4,624,302 shares during the last quarter. Finally, Boston Partners increased its stake in shares of Charles Schwab by 424.7% in the fourth quarter. Boston Partners now owns 4,451,090 shares of the financial services provider’s stock worth $305,400,000 after buying an additional 3,602,830 shares during the last quarter. 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.