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

Shares of The Charles Schwab Co. (NYSE:SCHW) have been given an average recommendation of “Hold” by the sixteen ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $79.75.

SCHW has been the topic of a number of research reports. Citigroup dropped their price target on shares of Charles Schwab from $75.00 to $72.00 and set a “neutral” rating on the stock in a research note on Friday, September 27th. Piper Sandler raised their price target on Charles Schwab from $64.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Raymond James lowered their price target on Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. JMP Securities reaffirmed a “market outperform” rating and set a $94.00 price objective (up previously from $84.00) on shares of Charles Schwab in a research report on Monday, December 9th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Charles Schwab from $86.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th.

Insider Buying and Selling

In related news, insider Nigel J. Murtagh sold 12,739 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $81.17, for a total value of $1,034,024.63. Following the completion of the transaction, the insider now owns 59,092 shares of the company’s stock, valued at $4,796,497.64. This represents a 17.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jonathan S. Beatty sold 2,300 shares of Charles Schwab stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $82.01, for a total value of $188,623.00. Following the sale, the insider now directly owns 18,069 shares in the company, valued at $1,481,838.69. The trade was a 11.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 118,968 shares of company stock valued at $8,842,821 over the last three months. 6.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Charles Schwab

Several hedge funds and other institutional investors have recently modified their holdings of SCHW. Diversified Trust Co increased its position in shares of Charles Schwab by 26.0% during the 2nd quarter. Diversified Trust Co now owns 7,737 shares of the financial services provider’s stock worth $570,000 after purchasing an additional 1,595 shares in the last quarter. Great Valley Advisor Group Inc. increased its holdings in shares of Charles Schwab by 7.5% during the second quarter. Great Valley Advisor Group Inc. now owns 25,163 shares of the financial services provider’s stock worth $1,854,000 after buying an additional 1,758 shares in the last quarter. Manchester Financial Inc. raised its stake in shares of Charles Schwab by 15.0% in the second quarter. Manchester Financial Inc. now owns 9,586 shares of the financial services provider’s stock valued at $706,000 after acquiring an additional 1,249 shares during the last quarter. KRS Capital Management LLC boosted its holdings in shares of Charles Schwab by 13.3% in the 2nd quarter. KRS Capital Management LLC now owns 5,760 shares of the financial services provider’s stock worth $424,000 after acquiring an additional 678 shares in the last quarter. Finally, Swedbank AB grew its position in Charles Schwab by 3.6% during the 2nd quarter. Swedbank AB now owns 583,562 shares of the financial services provider’s stock worth $43,003,000 after acquiring an additional 20,411 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Trading Down 1.5 %

Shares of NYSE SCHW opened at $76.75 on Wednesday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. Charles Schwab has a one year low of $59.67 and a one year high of $83.35. The business has a 50-day moving average price of $76.35 and a two-hundred day moving average price of $70.52. The firm has a market capitalization of $136.59 billion, a PE ratio of 29.98, a PEG ratio of 1.76 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.75 by $0.02. The business had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.78 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the company posted $0.77 earnings per share. As a group, analysts predict that Charles Schwab will post 3.12 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Friday, November 8th. Charles Schwab’s dividend payout ratio is currently 39.06%.

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.