The Charles Schwab Co. (NYSE:SCHW) Receives $80.50 Consensus Price Target from Analysts

The Charles Schwab Co. (NYSE:SCHW) has earned a consensus rating of “Moderate Buy” from the seventeen analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $81.69.

A number of equities analysts recently issued reports on the stock. Raymond James dropped their target price on shares of Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. Piper Sandler upped their price objective on shares of Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. lifted their target price on Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. Citigroup cut their price target on Charles Schwab from $85.00 to $80.00 and set a “neutral” rating for the company in a report on Friday. Finally, Truist Financial raised Charles Schwab to a “strong-buy” rating in a report on Monday, January 6th.

Charles Schwab Stock Down 0.3 %

Charles Schwab stock opened at $72.79 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. Charles Schwab has a fifty-two week low of $59.67 and a fifty-two week high of $83.35. The firm has a fifty day moving average price of $77.57 and a two-hundred day moving average price of $70.61. The firm has a market cap of $129.54 billion, a price-to-earnings ratio of 28.43, a P/E/G ratio of 1.76 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share 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 return on equity of 16.92% and a net margin of 27.47%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.77 EPS. As a group, analysts forecast that Charles Schwab will post 3.12 earnings per share for the current year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Friday, November 8th. Charles Schwab’s payout ratio is 39.06%.

Insider Activity

In other Charles Schwab news, insider Nigel J. Murtagh sold 12,739 shares of the firm’s 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 sale, the insider now owns 59,092 shares in the company, valued at approximately $4,796,497.64. This trade represents a 17.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jonathan S. Beatty sold 2,300 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $82.01, for a total transaction of $188,623.00. Following the transaction, the insider now 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. Over the last 90 days, insiders sold 118,968 shares of company stock worth $8,842,821. Insiders own 6.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Graypoint LLC raised its position in shares of Charles Schwab by 5.1% during the fourth quarter. Graypoint LLC now owns 9,279 shares of the financial services provider’s stock worth $687,000 after acquiring an additional 451 shares during the last quarter. ORG Wealth Partners LLC increased its position in Charles Schwab by 173.8% in the fourth quarter. ORG Wealth Partners LLC now owns 1,744 shares of the financial services provider’s stock worth $129,000 after purchasing an additional 1,107 shares during the period. ST Germain D J Co. Inc. raised its holdings in Charles Schwab by 4.7% during the 4th quarter. ST Germain D J Co. Inc. now owns 9,618 shares of the financial services provider’s stock worth $712,000 after purchasing an additional 436 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV lifted its position in Charles Schwab by 16.3% during the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 58,113 shares of the financial services provider’s stock valued at $4,301,000 after purchasing an additional 8,156 shares during the period. Finally, Michael S. Ryan Inc. grew its position in shares of Charles Schwab by 2.5% during the 4th quarter. Michael S. Ryan Inc. now owns 5,998 shares of the financial services provider’s stock worth $444,000 after buying an additional 144 shares during the period. Institutional investors own 84.38% of the company’s stock.

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.