The Charles Schwab Co. (NYSE:SCHW) Receives $80.50 Consensus PT from Analysts

Shares of The Charles Schwab Co. (NYSE:SCHW) have been assigned a consensus recommendation of “Hold” from the sixteen brokerages that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $81.19.

A number of research analysts recently commented on the stock. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Cowen lifted their target price on Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. Barclays raised Charles Schwab from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $74.00 to $95.00 in a research report on Monday, December 9th. Keefe, Bruyette & Woods lifted their price target on Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Charles Schwab from $77.00 to $80.00 and gave the company a “buy” rating in a report on Monday, November 11th.

Insider Buying and Selling at Charles Schwab

In related news, insider Nigel J. Murtagh sold 12,739 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $81.17, for a total value of $1,034,024.63. Following the completion of the sale, the insider now owns 59,092 shares in the company, valued at $4,796,497.64. This trade represents a 17.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jonathan S. Beatty sold 2,300 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $82.01, for a total transaction of $188,623.00. Following the transaction, the insider now owns 18,069 shares in the company, valued at $1,481,838.69. The trade was a 11.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 118,968 shares of company stock valued at $8,842,821. 6.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Charles Schwab

A number of institutional investors and hedge funds have recently modified their holdings of SCHW. Alliance Wealth Advisors LLC raised its position in Charles Schwab by 2.7% during the third quarter. Alliance Wealth Advisors LLC now owns 5,358 shares of the financial services provider’s stock worth $347,000 after acquiring an additional 142 shares during the last quarter. GS Investments Inc. increased its position in Charles Schwab by 0.3% during the 3rd quarter. GS Investments Inc. now owns 57,434 shares of the financial services provider’s stock worth $3,722,000 after purchasing an additional 146 shares in the last quarter. Washington Trust Advisors Inc. grew its holdings in shares of Charles Schwab by 62.6% during the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after buying an additional 149 shares in the last quarter. Arcataur Capital Management LLC raised its position in shares of Charles Schwab by 2.3% in the third quarter. Arcataur Capital Management LLC now owns 6,648 shares of the financial services provider’s stock valued at $431,000 after buying an additional 150 shares during the last quarter. Finally, Tandem Capital Management Corp ADV lifted its stake in shares of Charles Schwab by 0.3% during the third quarter. Tandem Capital Management Corp ADV now owns 49,537 shares of the financial services provider’s stock valued at $3,210,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Trading Down 3.1 %

NYSE:SCHW opened at $72.15 on Friday. Charles Schwab has a 1 year low of $59.67 and a 1 year high of $83.35. The stock has a market cap of $128.40 billion, a P/E ratio of 28.18, a P/E/G ratio of 1.76 and a beta of 0.99. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The stock has a 50-day simple moving average of $77.45 and a 200-day simple moving average of $70.62.

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

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 1.39%. Charles Schwab’s dividend payout ratio is currently 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.