Charles Schwab (NYSE:SCHW) is trading 1.1% higher

The stock price of Charles Schwab Co. (NYSE:SCHW – Get Free Report) jumped 1.1% on Friday. The stock traded as high as $73.82 and last traded at $73.73. During trading, 2,036,075 shares traded, a decline of 73% from the average session volume of 7,674,849 shares. The stock previously closed at $72.93.

Analysts set new price targets

Several real estate agents have recently expressed their opinions about SCHW. Barclays raised their price target on Charles Schwab from $74.00 to $75.00 and gave the stock an “equalweight” rating in a report on Tuesday, April 16. Goldman Sachs Group reiterated a “neutral” rating and set a $71.00 target price (up from $70.00) on shares of Charles Schwab in a report on Wednesday, January 3. 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 report on Tuesday, April 16. TD Cowen raised their price objective on Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, April 16. Finally, Citigroup raised their price objective on Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, April 11. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $74.47.

Get our latest analysis on Charles Schwab

Charles Schwab shares rise 0.7%

The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43. The company has a 50-day simple moving average of $68.58 and a 200-day simple moving average of $63.11. The company has a market cap of $130.40 billion, a price-to-earnings ratio of 30.72, a PEG ratio of 1.07, and a beta of 1.01.

Charles Schwab (NYSE:SCHW – Get Free Report) last announced its quarterly results on Wednesday, January 17. The financial services provider reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. The company had revenue of $4.46 billion for the quarter, compared to analyst expectations of $4.49 billion. During the same period last year, the company earned $1.07 in earnings per share. The company’s revenue fell 18.9% compared to the same quarter last year. As a group, stock analysts predict that The Charles Schwab Co. will record a profit per share of 3.42 for the current financial year.

Dividend announcement from Charles Schwab

The company also recently declared a quarterly dividend, which was paid on Friday, February 23. A dividend of $0.25 per share was paid to known shareholders on Friday, February 9. This represents a $1.00 annualized dividend and a 1.36% yield. The ex-dividend date was Thursday, February 8. Charles Schwab’s dividend payout ratio (DPR) is 41.84%.

Insider transactions at Charles Schwab

In other news, Chairman Charles R. Schwab sold 71,226 shares of the company’s stock in a transaction on Thursday, February 15. The stock sold at an average price of $64.99, for a total transaction of $4,628,977.74. Following the sale, the Chairman now 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 can be accessed via this hyperlink. In other news, Chairman Charles R. Schwab sold 58,500 shares of the company’s stock in a transaction on Thursday, February 22. The shares were sold at an average price of $64.60, for a total transaction of $3,779,100.00. Following the sale, the Chairman now owns 61,192,538 shares of the company’s stock, valued at $3,953,037,954.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. Also, Chairman Charles R. Schwab sold 71,226 shares of the company’s stock in a transaction on Thursday, February 15. The stock 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 in the company, valued at approximately $3,980,704,959.62. The explanation of this sale can be found here. In the last 90 days, insiders have sold 312,800 shares of the company’s stock, valued at $21,081,569. 6.60% of the shares are currently owned by company insiders.

Hedge funds weigh in on Charles Schwab

Several major investors have recently bought and sold shares of the company. Maryland State Retirement & Pension System increased its stake in Charles Schwab by 0.9% in the first quarter. Maryland State Retirement & Pension System now owns 116,372 shares of the financial services provider’s stock valued at $8,425,000 after purchasing an additional 986 shares in the last quarter. Mezzasalma Advisors LLC grew its holdings in Charles Schwab by 10.1% in the first quarter. Mezzasalma Advisors LLC now owns 74,974 shares of the financial services provider’s stock valued at $5,424,000 after purchasing an additional 6,865 shares in the last quarter. Veracity Capital LLC grew its holdings in Charles Schwab by 58.4% in the first quarter. Veracity Capital LLC now owns 9,452 shares of the financial services provider’s stock valued at $684,000 after purchasing an additional 3,484 shares in the last quarter. Marshall Financial Group LLC grew its holdings in Charles Schwab by 15.3% in the first quarter. Marshall Financial Group LLC now owns 3,772 shares of the financial services provider’s stock valued at $273,000 after purchasing an additional 500 shares in the last quarter. Finally, Tran Capital Management LP grew its stake in Charles Schwab by 128.6% in the first quarter. Tran Capital Management LP now owns 433,211 shares of the financial services provider’s stock valued at $31,338,000 after purchasing an additional 243,695 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s shares.

Charles Schwab Company Profile

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The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company providing asset 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.