Charles Schwab (NYSE:SCHW) Stock Price Down 0.3%

The Charles Schwab Co. (NYSE:SCHW) dropped 0.3% during mid-day trading on Monday . The stock traded as low as $78.15 and last traded at $78.55. Approximately 795,933 shares traded hands during trading, a decline of 89% from the average daily volume of 7,444,426 shares. The stock had previously closed at $78.78.

Wall Street Analysts Forecast Growth

SCHW has been the topic of several research reports. Bank of America upped their price target on shares of Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a research report on Tuesday, April 16th. TD Cowen upped their target price on shares of Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. upped their target price on shares of Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a research report on Tuesday, April 16th. Keefe, Bruyette & Woods upped their target price on shares of Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a research report on Tuesday, April 16th. Finally, Piper Sandler upped their target price on shares of Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $74.47.

Charles Schwab Stock Down 4.0 %

The firm has a market capitalization of $134.63 billion, a price-to-earnings ratio of 32.76, a P/E/G ratio of 1.15 and a beta of 0.98. The business’s 50-day moving average is $73.23 and its two-hundred day moving average is $66.95. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.42 and a current ratio of 0.42.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. The business had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.71 billion. On average, equities analysts anticipate that The Charles Schwab Co. will post 3.4 earnings per share for the current year.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.32%. Charles Schwab’s payout ratio is 41.84%.

Insider Buying and Selling

In related news, Chairman Charles R. Schwab sold 65,360 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $76.89, for a total transaction of $5,025,530.40. Following the completion of the sale, the chairman now directly owns 60,741,536 shares of the company’s stock, valued at approximately $4,670,416,703.04. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Chairman Charles R. Schwab sold 65,360 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $76.89, for a total transaction of $5,025,530.40. Following the completion of the sale, the chairman now directly owns 60,741,536 shares of the company’s stock, valued at approximately $4,670,416,703.04. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 26,315 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $76.13, for a total transaction of $2,003,360.95. Following the transaction, the director now directly owns 1,674,571 shares of the company’s stock, valued at $127,485,090.23. The disclosure for this sale can be found here. In the last three months, insiders sold 672,036 shares of company stock valued at $49,281,565. 6.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Charles Schwab

Several hedge funds have recently made changes to their positions in SCHW. Tributary Capital Management LLC bought a new position in shares of Charles Schwab in the first quarter valued at $31,000. Sugarloaf Wealth Management LLC grew its stake in shares of Charles Schwab by 60.0% in the fourth 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 in the last quarter. Frazier Financial Advisors LLC bought a new position in shares of Charles Schwab in the fourth quarter valued at $30,000. Wetzel Investment Advisors Inc. bought a new position in shares of Charles Schwab in the fourth quarter valued at $31,000. Finally, Hall Laurie J Trustee bought a new position in shares of Charles Schwab in the fourth quarter valued at $34,000. 84.38% of the stock is owned by 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.