The Charles Schwab Co. (NYSE:SCHW) Receives $77.75 Average PT from Analysts

Shares of The Charles Schwab Co. (NYSE:SCHW) have received an average rating of “Hold” from the fifteen analysts that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $75.07.

SCHW has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft lowered their target price on Charles Schwab from $84.00 to $79.00 and set a “buy” rating for the company in a research report on Wednesday. TD Cowen restated a “hold” rating and set a $71.00 target price (down from $88.00) on shares of Charles Schwab in a research report on Wednesday. JMP Securities reiterated a “market outperform” rating and issued a $80.00 price target on shares of Charles Schwab in a research report on Tuesday, May 28th. Jefferies Financial Group upped their price objective on Charles Schwab from $85.00 to $88.00 and gave the company a “buy” rating in a research report on Monday, July 8th. Finally, Piper Sandler lifted their target price on Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, April 12th.

Insider Activity at Charles Schwab

In other Charles Schwab news, insider Bernard J. Clark sold 77,431 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $70.94, for a total transaction of $5,492,955.14. Following the transaction, the insider now directly owns 121,666 shares in the company, valued at approximately $8,630,986.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Bernard J. Clark sold 77,431 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $70.94, for a total transaction of $5,492,955.14. Following the transaction, the insider now owns 121,666 shares in the company, valued at $8,630,986.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Peter B. Crawford sold 5,481 shares of Charles Schwab stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $75.51, for a total value of $413,870.31. Following the completion of the sale, the chief financial officer now owns 60,567 shares of the company’s stock, valued at $4,573,414.17. The disclosure for this sale can be found here. Over the last quarter, insiders sold 555,745 shares of company stock worth $41,625,143. Company insiders own 6.60% of the company’s stock.

Hedge Funds Weigh In On Charles Schwab

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Charles Schwab by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 120,963,133 shares of the financial services provider’s stock valued at $8,750,473,000 after acquiring an additional 1,042,823 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Charles Schwab by 4.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 72,306,560 shares of the financial services provider’s stock valued at $5,230,657,000 after purchasing an additional 2,946,327 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Charles Schwab by 4.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 30,994,967 shares of the financial services provider’s stock valued at $2,132,454,000 after purchasing an additional 1,219,015 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Charles Schwab by 1.6% in the fourth quarter. Fisher Asset Management LLC now owns 18,627,667 shares of the financial services provider’s stock worth $1,281,584,000 after purchasing an additional 296,317 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Charles Schwab during the fourth quarter valued at about $950,192,000. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Price Performance

Shares of NYSE:SCHW opened at $62.24 on Friday. The firm has a market cap of $110.62 billion, a price-to-earnings ratio of 26.04, a P/E/G ratio of 1.03 and a beta of 0.99. Charles Schwab has a fifty-two week low of $48.66 and a fifty-two week high of $79.49. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.42 and a current ratio of 0.42. The firm has a fifty day moving average price of $73.58 and a 200 day moving average price of $70.13.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.01. The firm had revenue of $4.69 billion for the quarter, compared to analysts’ expectations of $4.68 billion. Charles Schwab had a return on equity of 18.65% and a net margin of 26.30%. The business’s revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.75 earnings per share. As a group, sell-side analysts expect that Charles Schwab will post 3.19 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date was Thursday, May 9th. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

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.