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

The Charles Schwab Co. (NYSE:SCHWGet Free Report) has been given a consensus rating of “Hold” by the fourteen analysts that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $74.65.

Several brokerages have issued reports on SCHW. Morgan Stanley increased their target price on shares of Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Citigroup increased their target price on shares of Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. TD Cowen dropped their target price on shares of Charles Schwab from $92.00 to $88.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd. JPMorgan Chase & Co. dropped their target price on shares of Charles Schwab from $89.00 to $81.00 and set an “overweight” rating on the stock in a report on Friday, May 31st. Finally, StockNews.com cut shares of Charles Schwab from a “hold” rating to a “sell” rating in a report on Friday, May 24th.

Read Our Latest Stock Report on SCHW

Charles Schwab Trading Up 0.9 %

SCHW stock opened at $73.34 on Wednesday. The company has a market capitalization of $130.35 billion, a PE ratio of 30.69, a P/E/G ratio of 1.12 and a beta of 0.96. Charles Schwab has a 12 month low of $48.66 and a 12 month high of $79.49. The firm’s 50-day moving average is $74.30 and its 200 day moving average is $69.51. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.42 and a quick ratio of 0.42.

Charles Schwab (NYSE:SCHWGet Free Report) last posted its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.73 by $0.01. The company had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.71 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. On average, research analysts anticipate that Charles Schwab will post 3.25 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Thursday, May 9th. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

Insider Buying and Selling

In related news, insider Bernard J. Clark sold 8,164 shares of Charles Schwab stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $75.00, for a total value of $612,300.00. Following the completion of the sale, the insider now directly owns 121,666 shares in the company, valued at approximately $9,124,950. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Bernard J. Clark sold 8,164 shares of Charles Schwab stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $75.00, for a total value of $612,300.00. Following the completion of the sale, the insider now directly owns 121,666 shares in the company, valued at approximately $9,124,950. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $78.41, for a total transaction of $705,690.00. Following the completion of the sale, the director now owns 574,257 shares of the company’s stock, valued at $45,027,491.37. The disclosure for this sale can be found here. Insiders sold 649,663 shares of company stock worth $48,344,736 in the last three months. Corporate insiders own 6.60% of the company’s stock.

Hedge Funds Weigh In On Charles Schwab

A number of institutional investors have recently bought and sold shares of the business. Cape Investment Advisory Inc. raised its position in Charles Schwab by 1.2% during the 1st quarter. Cape Investment Advisory Inc. now owns 25,242 shares of the financial services provider’s stock worth $1,826,000 after buying an additional 298 shares during the last quarter. IMS Capital Management raised its position in Charles Schwab by 5.2% during the 1st quarter. IMS Capital Management now owns 14,605 shares of the financial services provider’s stock worth $1,057,000 after buying an additional 725 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Charles Schwab by 13.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 22,929 shares of the financial services provider’s stock worth $1,696,000 after buying an additional 2,767 shares during the last quarter. Tactive Advisors LLC purchased a new position in Charles Schwab during the 1st quarter worth approximately $430,000. Finally, Aurora Investment Counsel raised its position in Charles Schwab by 0.8% during the 1st quarter. Aurora Investment Counsel now owns 39,785 shares of the financial services provider’s stock worth $2,878,000 after buying an additional 311 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.

Further Reading

Analyst Recommendations for Charles Schwab (NYSE:SCHW)

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