The Charles Schwab Corporation (NYSE:SCHW) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

The Charles Schwab Corporation (NYSE:SCHW) has received an average recommendation of “Moderate Buy” from the twenty analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, sixteen have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $116.6842.

SCHW has been the subject of several recent analyst reports. Keefe, Bruyette & Woods initiated coverage on shares of Charles Schwab in a research note on Wednesday, April 8th. They set an “outperform” rating and a $110.00 price objective for the company. Barclays reduced their price target on Charles Schwab from $127.00 to $122.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Charles Schwab in a research report on Thursday, June 18th. Raymond James Financial increased their price objective on Charles Schwab from $126.00 to $137.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Finally, TD Cowen lifted their price objective on Charles Schwab from $108.00 to $109.00 and gave the stock a “buy” rating in a research report on Friday, May 15th.

Insider Buying and Selling at Charles Schwab

In other news, Director Frank C. Herringer sold 2,520 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $90.60, for a total value of $228,312.00. Following the completion of the sale, the director directly owned 177,508 shares of the company’s stock, valued at approximately $16,082,224.80. This trade represents a 1.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jonathan S. Beatty sold 2,000 shares of Charles Schwab stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $100.01, for a total transaction of $200,020.00. Following the sale, the insider directly owned 13,738 shares in the company, valued at $1,373,937.38. The trade was a 12.71% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 6,520 shares of company stock worth $622,392. 6.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Charles Schwab

A number of institutional investors have recently bought and sold shares of the stock. Trust Asset Management LLC lifted its holdings in Charles Schwab by 9.5% in the second quarter. Trust Asset Management LLC now owns 18,377 shares of the financial services provider’s stock worth $1,696,000 after buying an additional 1,596 shares during the period. Whitener Capital Management Inc. grew its holdings in shares of Charles Schwab by 17.0% during the 2nd quarter. Whitener Capital Management Inc. now owns 24,877 shares of the financial services provider’s stock worth $2,295,000 after acquiring an additional 3,608 shares during the period. Tema ETFs LLC grew its holdings in shares of Charles Schwab by 10.6% during the 2nd quarter. Tema ETFs LLC now owns 31,695 shares of the financial services provider’s stock worth $2,924,000 after acquiring an additional 3,045 shares during the period. Lederer & Associates Investment Counsel CA bought a new position in shares of Charles Schwab in the 2nd quarter worth approximately $1,624,000. Finally, Peoples Bank KS raised its position in shares of Charles Schwab by 2.7% in the 2nd quarter. Peoples Bank KS now owns 4,331 shares of the financial services provider’s stock worth $400,000 after acquiring an additional 113 shares in the last quarter. 84.38% of the stock is owned by institutional investors.

Charles Schwab Trading Up 1.7%

NYSE:SCHW opened at $102.80 on Thursday. The company has a fifty day moving average of $92.24 and a 200 day moving average of $95.31. Charles Schwab has a 52 week low of $83.96 and a 52 week high of $107.50. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $178.78 billion, a P/E ratio of 20.40, a P/E/G ratio of 0.85 and a beta of 0.77.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.04. The business had revenue of $6.48 billion during the quarter, compared to analysts’ expectations of $6.39 billion. Charles Schwab had a net margin of 37.99% and a return on equity of 23.05%. The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.04 EPS. On average, research analysts predict that Charles Schwab will post 6.23 earnings per share for the current year.

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.28 dividend on an annualized basis and a yield of 1.2%. Charles Schwab’s dividend payout ratio (DPR) is presently 25.40%.

Charles Schwab Company Profile

Charles Schwab Corporation (NYSE: SCHW) is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.