The Charles Schwab Co. (NYSE:SCHW) Receives Average Rating of “Hold” from Analysts

Shares of The Charles Schwab Co. (NYSE:SCHWGet Free Report) have been assigned an average rating of “Hold” from the seventeen analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $84.11.

Several research firms have recently weighed in on SCHW. Citigroup lifted their price target on shares of Charles Schwab from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Redburn Partners lowered their target price on Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a report on Friday, January 17th. Raymond James cut their price target on Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. JPMorgan Chase & Co. upped their price objective on shares of Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Charles Schwab from $98.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd.

Get Our Latest Stock Analysis on Charles Schwab

Charles Schwab Stock Performance

Shares of Charles Schwab stock opened at $82.13 on Thursday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The stock’s fifty day moving average is $77.86 and its two-hundred day moving average is $70.92. Charles Schwab has a 52 week low of $61.01 and a 52 week high of $83.35. The company has a market capitalization of $146.17 billion, a PE ratio of 27.47, a price-to-earnings-growth ratio of 1.46 and a beta of 0.99.

Charles Schwab (NYSE:SCHWGet Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 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 net margin of 30.31% and a return on equity of 18.20%. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.68 earnings per share. As a group, analysts expect that Charles Schwab will post 4.09 earnings per share for the current 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 $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.31%. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio (DPR) is currently 33.44%.

Insider Activity

In other news, Director Arun Sarin sold 8,548 shares of the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total value of $699,397.36. Following the transaction, the director now directly owns 18,617 shares of the company’s stock, valued at approximately $1,523,242.94. This represents a 31.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jonathan S. Beatty sold 2,500 shares of Charles Schwab stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $77.02, for a total value of $192,550.00. Following the sale, the insider now directly owns 18,069 shares of the company’s stock, valued at $1,391,674.38. This trade represents a 12.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,014 shares of company stock worth $4,052,281 over the last 90 days. 6.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Charles Schwab

A number of institutional investors have recently bought and sold shares of SCHW. Avestar Capital LLC raised its holdings in shares of Charles Schwab by 20.0% during the fourth quarter. Avestar Capital LLC now owns 8,039 shares of the financial services provider’s stock worth $595,000 after purchasing an additional 1,339 shares during the last quarter. Raab & Moskowitz Asset Management LLC acquired a new stake in Charles Schwab during the 4th quarter worth about $607,000. Three Bridge Wealth Advisors LLC purchased a new position in shares of Charles Schwab during the 4th quarter valued at about $216,000. Naples Global Advisors LLC lifted its holdings in shares of Charles Schwab by 2.3% in the 4th quarter. Naples Global Advisors LLC now owns 71,789 shares of the financial services provider’s stock valued at $5,313,000 after buying an additional 1,608 shares during the period. Finally, Avidian Wealth Enterprises LLC boosted its stake in shares of Charles Schwab by 6.0% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 5,285 shares of the financial services provider’s stock worth $391,000 after buying an additional 299 shares during the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

About Charles Schwab

(Get Free Report

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.

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Analyst Recommendations for Charles Schwab (NYSE:SCHW)

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