The Charles Schwab Co. (NYSE:SCHW) Receives $74.18 Consensus Target Price from Brokerages

The Charles Schwab Co. (NYSE:SCHW) has earned an average recommendation of “Hold” from the seventeen research firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $74.18.

SCHW has been the topic of several research analyst reports. Piper Sandler increased their price target on shares of Charles Schwab from $64.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. JMP Securities increased their price target on shares of Charles Schwab from $82.00 to $84.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. increased their price objective on shares of Charles Schwab from $86.00 to $87.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Citigroup dropped their price objective on shares of Charles Schwab from $75.00 to $72.00 and set a “neutral” rating on the stock in a research note on Friday, September 27th. Finally, Wells Fargo & Company increased their price objective on shares of Charles Schwab from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th.

Insider Activity at Charles Schwab

In related news, insider Jonathan S. Beatty sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $77.02, for a total transaction of $192,550.00. Following the transaction, the insider now owns 18,069 shares in the company, valued at $1,391,674.38. This trade represents a 12.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christopher V. Dodds sold 9,284 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $81.43, for a total transaction of $755,996.12. Following the sale, the director now owns 442,807 shares of the company’s stock, valued at $36,057,774.01. The trade was a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 112,929 shares of company stock worth $8,196,624 over the last quarter. 6.60% of the stock is currently owned by company insiders.

Institutional Trading of Charles Schwab

Large investors have recently added to or reduced their stakes in the business. Country Trust Bank bought a new stake in Charles Schwab during the second quarter worth approximately $26,000. Capital Performance Advisors LLP acquired a new position in Charles Schwab in the 3rd quarter worth approximately $25,000. Washington Trust Advisors Inc. boosted its stake in Charles Schwab by 62.6% in the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 149 shares during the period. Fortitude Family Office LLC boosted its stake in Charles Schwab by 97.5% in the 2nd quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 192 shares during the period. Finally, American Capital Advisory LLC acquired a new position in Charles Schwab in the 2nd quarter worth approximately $27,000. 84.38% of the stock is currently owned by institutional investors.

Charles Schwab Stock Performance

Shares of SCHW stock opened at $81.25 on Friday. 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 has a one year low of $55.59 and a one year high of $82.50. The company’s 50-day simple moving average is $70.55 and its 200-day simple moving average is $69.85. The stock has a market capitalization of $144.60 billion, a price-to-earnings ratio of 31.74, a PEG ratio of 1.75 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.75 by $0.02. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The business had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.78 billion. During the same quarter last year, the company posted $0.77 earnings per share. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. Equities analysts anticipate that Charles Schwab will post 3.12 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.23%. Charles Schwab’s dividend payout ratio is presently 39.06%.

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.