Charles Schwab (NYSE:SCHW) Trading Down 0.1%

The Charles Schwab Co. (NYSE:SCHWGet Free Report) shares fell 0.1% during mid-day trading on Friday . The stock traded as low as $75.21 and last traded at $75.27. 1,643,636 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 7,590,941 shares. The stock had previously closed at $75.33.

Analyst Ratings Changes

SCHW has been the subject of several recent analyst reports. Barclays raised their price objective 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. JMP Securities restated a “market outperform” rating and set a $80.00 price objective on shares of Charles Schwab in a research note on Tuesday, April 16th. Citigroup lifted their target price on Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Raymond James dropped their price target on Charles Schwab from $78.00 to $75.00 and set an “outperform” rating on the stock in a research report on Thursday, January 18th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Charles Schwab from $75.00 to $76.00 and gave the stock a “market perform” rating in a report on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $74.47.

Get Our Latest Report on Charles Schwab

Charles Schwab Trading Up 0.9 %

The firm’s 50-day simple moving average is $70.75 and its 200 day simple moving average is $64.63. The stock has a market cap of $135.05 billion, a P/E ratio of 31.82, a PEG ratio of 1.10 and a beta of 0.98. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82.

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 given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.32%. The ex-dividend date is Thursday, May 9th. Charles Schwab’s dividend payout ratio is currently 41.84%.

Insiders Place Their Bets

In other news, CFO Peter B. Crawford sold 8,000 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now directly owns 29,611 shares of the company’s stock, valued at $1,917,608.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Charles Schwab news, Chairman Charles R. Schwab sold 59,906 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $74.78, for a total value of $4,479,770.68. Following the completion of the sale, the chairman now directly owns 61,038,701 shares in the company, valued at $4,564,474,060.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Peter B. Crawford sold 8,000 shares of Charles Schwab stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $64.76, for a total value of $518,080.00. Following 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. In the last quarter, insiders sold 514,459 shares of company stock worth $36,371,155. 6.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Tributary Capital Management LLC bought a new position in shares of Charles Schwab during the 1st quarter valued at about $31,000. Sugarloaf Wealth Management LLC boosted its holdings in Charles Schwab by 60.0% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after buying an additional 165 shares in the last quarter. Frazier Financial Advisors LLC acquired a new position in Charles Schwab in the fourth quarter worth approximately $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 acquired a new stake in shares of Charles Schwab during the 4th quarter valued at $34,000. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Company Profile

(Get Free Report)

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.

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