Charles Schwab (NYSE:SCHW) Shares Down 0.2%

The Charles Schwab Co. (NYSE:SCHW)’s share price dropped 0.2% during trading on Thursday . The stock traded as low as $74.35 and last traded at $74.40. Approximately 1,619,941 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 7,611,220 shares. The stock had previously closed at $74.57.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SCHW. Keefe, Bruyette & Woods boosted their target price 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. JPMorgan Chase & Co. raised their target price on Charles Schwab from $86.00 to $89.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft upped their price target on Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. JMP Securities restated a “market outperform” rating and set a $80.00 price objective on shares of Charles Schwab in a research report on Tuesday, April 16th. Finally, Morgan Stanley upped 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. Two equities research 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 has an average rating of “Hold” and a consensus price target of $74.47.

Charles Schwab Trading Up 0.7 %

The firm has a 50-day moving average price of $70.30 and a 200-day moving average price of $64.40. 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 stock has a market capitalization of $133.40 billion, a PE ratio of 31.13, a price-to-earnings-growth ratio of 1.08 and a beta of 0.98.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.33%. Charles Schwab’s payout ratio is presently 41.84%.

Insider Buying and Selling

In other news, insider Jonathan M. Craig sold 4,977 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $70.01, for a total value of $348,439.77. Following the sale, the insider now owns 81,446 shares of the company’s stock, valued at $5,702,034.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Charles Schwab news, insider Jonathan M. Craig sold 4,977 shares of Charles Schwab stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $70.01, for a total transaction of $348,439.77. Following the completion of the transaction, the insider now owns 81,446 shares of the company’s stock, valued at approximately $5,702,034.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Peter B. Crawford sold 8,000 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $64.76, for a total transaction of $518,080.00. Following the completion of the sale, the chief financial officer now directly 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 90 days, insiders sold 514,459 shares of company stock valued at $36,371,155. 6.60% of the stock is owned by insiders.

Institutional Trading of Charles Schwab

A number of large investors have recently modified their holdings of the business. Investment Research & Advisory Group Inc. lifted its stake in Charles Schwab by 1.0% during the fourth quarter. Investment Research & Advisory Group Inc. now owns 58,979 shares of the financial services provider’s stock worth $4,058,000 after purchasing an additional 607 shares during the last quarter. Bamco Inc. NY raised its stake in shares of Charles Schwab by 0.5% during the third quarter. Bamco Inc. NY now owns 8,102,475 shares of the financial services provider’s stock worth $444,826,000 after acquiring an additional 42,588 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Charles Schwab by 43.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 551,682 shares of the financial services provider’s stock worth $30,287,000 after acquiring an additional 166,316 shares during the last quarter. Retirement Systems of Alabama boosted its stake in shares of Charles Schwab by 13.0% in the 4th quarter. Retirement Systems of Alabama now owns 1,329,388 shares of the financial services provider’s stock valued at $91,462,000 after purchasing an additional 152,967 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Charles Schwab by 22.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 883,379 shares of the financial services provider’s stock valued at $60,776,000 after purchasing an additional 160,719 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

About Charles Schwab

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.