The Charles Schwab Co. (NYSE:SCHW) Given Consensus Recommendation of “Hold” by Brokerages

Shares of The Charles Schwab Co. (NYSE:SCHW) have been assigned an average recommendation of “Hold” from the fifteen brokerages that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $74.00.

SCHW has been the topic of several recent research reports. Piper Sandler cut shares of Charles Schwab from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $80.00 to $64.00 in a research note on Monday, July 29th. UBS Group decreased their price target on shares of Charles Schwab from $91.00 to $90.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Bank of America cut their price objective on Charles Schwab from $72.00 to $66.00 and set an “underperform” rating for the company in a research report on Wednesday, July 17th. StockNews.com cut Charles Schwab from a “hold” rating to a “sell” rating in a report on Friday, May 24th. Finally, JMP Securities reduced their target price on Charles Schwab from $85.00 to $82.00 and set a “market outperform” rating for the company in a report on Tuesday, July 23rd.

Insiders Place Their Bets

In other news, Director Carolyn Schwab-Pomerantz sold 12,320 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $65.10, for a total value of $802,032.00. Following the transaction, the director now directly owns 562,129 shares of the company’s stock, valued at $36,594,597.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Charles Schwab news, insider Paul V. Woolway sold 1,150 shares of Charles Schwab stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $65.20, for a total value of $74,980.00. Following the completion of the sale, the insider now directly owns 61,887 shares in the company, valued at $4,035,032.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Carolyn Schwab-Pomerantz sold 12,320 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.10, for a total transaction of $802,032.00. Following the completion of the sale, the director now directly owns 562,129 shares of the company’s stock, valued at $36,594,597.90. The disclosure for this sale can be found here. Insiders sold a total of 107,800 shares of company stock worth $7,145,364 in the last quarter. 6.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Charles Schwab

Several institutional investors and hedge funds have recently modified their holdings of SCHW. Country Trust Bank acquired a new stake in shares of Charles Schwab in the second quarter worth about $26,000. American Capital Advisory LLC acquired a new stake in Charles Schwab in the 2nd quarter worth approximately $27,000. Fortitude Family Office LLC boosted its position in Charles Schwab by 97.5% during the second quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 192 shares during the period. CGC Financial Services LLC acquired a new position in Charles Schwab during the second quarter valued at approximately $29,000. Finally, Mizuho Securities Co. Ltd. bought a new position in shares of Charles Schwab in the second quarter valued at approximately $29,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Stock Performance

SCHW opened at $62.90 on Monday. Charles Schwab has a 1-year low of $48.66 and a 1-year high of $79.49. The company has a market capitalization of $111.86 billion, a price-to-earnings ratio of 26.32, a price-to-earnings-growth ratio of 1.22 and a beta of 0.97. The business has a 50 day moving average price of $66.44 and a two-hundred day moving average price of $70.06. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.42 and a quick ratio of 0.42.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.01. The business had revenue of $4.69 billion during the quarter, compared to analyst estimates of $4.68 billion. Charles Schwab had a return on equity of 18.14% and a net margin of 26.30%. The company’s revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.75 earnings per share. Research analysts predict that Charles Schwab will post 3.05 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were paid a $0.25 dividend. The ex-dividend date was Friday, August 9th. This represents a $1.00 annualized dividend and a yield of 1.59%. Charles Schwab’s dividend payout ratio 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.