Charles Schwab (NYSE:SCHW) Trading Down 2.5% – Time to Sell?

The Charles Schwab Co. (NYSE:SCHW)’s stock price was down 2.5% during trading on Thursday . The stock traded as low as $80.29 and last traded at $80.24. Approximately 3,809,560 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 12,070,032 shares. The stock had previously closed at $82.28.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Truist Financial upped their price objective on shares of Charles Schwab from $90.00 to $91.00 and gave the stock a “buy” rating in a research note on Tuesday. Barclays upped their price objective on shares of Charles Schwab from $95.00 to $96.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. UBS Group upped their price objective on shares of Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, Redburn Partners decreased their price objective on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a research note on Friday, January 17th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $84.56.

Charles Schwab Price Performance

The stock has a market capitalization of $144.88 billion, a P/E ratio of 27.18, a PEG ratio of 1.02 and a beta of 0.99. The business has a fifty day simple moving average of $78.06 and a 200-day simple moving average of $72.18. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. The firm had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.68 EPS. Sell-side analysts expect that The Charles Schwab Co. will post 4.18 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.33%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, February 14th. Charles Schwab’s dividend payout ratio is presently 33.44%.

Insider Buying and Selling

In other Charles Schwab news, insider Nigel J. Murtagh sold 12,739 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $81.17, for a total transaction of $1,034,024.63. Following the transaction, the insider now directly owns 59,092 shares in the company, valued at approximately $4,796,497.64. This trade represents a 17.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total value of $1,181,690.10. The disclosure for this sale can be found here. Insiders have sold a total of 47,514 shares of company stock worth $3,859,731 in the last ninety days. Corporate insiders own 6.60% of the company’s stock.

Institutional Investors Weigh In On Charles Schwab

Large investors have recently made changes to their positions in the business. Exchange Traded Concepts LLC increased its holdings in Charles Schwab by 78.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 19,773 shares of the financial services provider’s stock worth $1,281,000 after acquiring an additional 8,721 shares during the last quarter. Procyon Advisors LLC increased its position in shares of Charles Schwab by 5.4% during the third quarter. Procyon Advisors LLC now owns 3,437 shares of the financial services provider’s stock valued at $222,000 after buying an additional 176 shares during the period. ORG Wealth Partners LLC bought a new stake in shares of Charles Schwab during the third quarter valued at about $41,000. Creative Planning increased its position in shares of Charles Schwab by 18.3% during the third quarter. Creative Planning now owns 511,376 shares of the financial services provider’s stock valued at $31,891,000 after buying an additional 79,166 shares during the period. Finally, Swedbank AB grew its holdings in shares of Charles Schwab by 3.7% during the third quarter. Swedbank AB now owns 605,261 shares of the financial services provider’s stock worth $39,227,000 after purchasing an additional 21,699 shares in the last quarter. 84.38% of the stock is owned by hedge funds and other 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.