Charles Schwab (NYSE:SCHW) Stock Price Up 0%

The Charles Schwab Co. (NYSE:SCHW) shot up 0% during trading on Tuesday . The stock traded as high as $78.80 and last traded at $78.67. 981,844 shares were traded during mid-day trading, a decline of 87% from the average session volume of 7,426,714 shares. The stock had previously closed at $78.66.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SCHW. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Barclays increased their target price on shares of Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft increased their price objective 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. Morgan Stanley boosted their price objective on Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Finally, JMP Securities reissued a “market outperform” rating and issued a $80.00 price target on shares of Charles Schwab in a report on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $74.47.

Charles Schwab Price Performance

The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $128.66 billion, a PE ratio of 31.49, a P/E/G ratio of 1.15 and a beta of 0.98. The stock’s 50-day moving average is $73.39 and its 200 day moving average is $67.01.

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

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be issued a $0.25 dividend. 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 1.38%. Charles Schwab’s dividend payout ratio is currently 41.84%.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $78.41, for a total transaction of $705,690.00. Following the transaction, the director now directly owns 574,257 shares in the company, valued at $45,027,491.37. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Charles Schwab news, Chairman Charles R. Schwab sold 65,360 shares of Charles Schwab stock in a transaction 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 transaction, the chairman now directly owns 60,741,536 shares of the company’s stock, valued at $4,670,416,703.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $78.41, for a total transaction of $705,690.00. Following the transaction, the director now directly owns 574,257 shares of the company’s stock, valued at $45,027,491.37. The disclosure for this sale can be found here. Insiders sold 622,536 shares of company stock worth $46,208,155 over the last ninety days. 6.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Charles Schwab

A number of institutional investors and hedge funds have recently bought and sold shares of SCHW. Price T Rowe Associates Inc. MD raised its stake in shares of 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 acquiring an additional 17,369,091 shares during the last quarter. Norges Bank bought a new position in Charles Schwab in the 4th quarter worth approximately $950,192,000. Massachusetts Financial Services Co. MA lifted its holdings in Charles Schwab by 26.3% during the 3rd 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 in the last quarter. Ameriprise Financial Inc. boosted its position in Charles Schwab by 186.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,107,176 shares of the financial services provider’s stock valued at $390,234,000 after buying an additional 4,624,302 shares during the last quarter. Finally, Boston Partners boosted its position in Charles Schwab by 424.7% in the 4th quarter. Boston Partners now owns 4,451,090 shares of the financial services provider’s stock valued at $305,400,000 after buying an additional 3,602,830 shares during the last quarter. Institutional investors and hedge funds 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.