The Charles Schwab Co. (NYSE:SCHW) Receives Average Rating of “Moderate Buy” from Analysts

Shares of The Charles Schwab Co. (NYSE:SCHW) have earned a consensus recommendation of “Moderate Buy” from the seventeen research firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $72.09.

Several equities research analysts recently issued reports on the company. Barclays lifted their price objective on Charles Schwab from $62.00 to $70.00 in a report on Wednesday, July 19th. Bank of America lifted their price objective on shares of Charles Schwab from $46.00 to $53.00 in a research report on Thursday, June 15th. Piper Sandler raised their price objective on Charles Schwab from $77.00 to $86.00 and gave the stock an “overweight” rating in a report on Monday, July 24th. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a research report on Sunday. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Charles Schwab from $70.00 to $74.00 in a research report on Wednesday, July 19th.

Insider Buying and Selling

In other Charles Schwab news, Chairman Charles R. Schwab sold 72,047 shares of Charles Schwab stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $66.66, for a total value of $4,802,653.02. Following the transaction, the chairman now owns 59,748,538 shares in the company, valued at $3,982,837,543.08. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, General Counsel Peter J. Morgan III sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $59.61, for a total value of $476,880.00. Following the sale, the general counsel now directly owns 8,014 shares in the company, valued at approximately $477,714.54. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Charles R. Schwab sold 72,047 shares of the firm’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $66.66, for a total transaction of $4,802,653.02. Following the completion of the sale, the chairman now owns 59,748,538 shares of the company’s stock, valued at approximately $3,982,837,543.08. The disclosure for this sale can be found here. Insiders have sold a total of 155,807 shares of company stock valued at $10,325,149 over the last three months. Company insiders own 6.60% of the company’s stock.

Hedge Funds Weigh In On Charles Schwab

A number of large investors have recently added to or reduced their stakes in the company. Ruedi Wealth Management Inc. acquired a new position in Charles Schwab in the fourth quarter valued at about $33,000. Quilter Plc bought a new stake in Charles Schwab during the 2nd quarter valued at $424,700,000. Key Financial Inc boosted its stake in Charles Schwab by 144.3% during the 2nd quarter. Key Financial Inc now owns 447 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 264 shares during the last quarter. Heritage Wealth Management LLC raised its holdings in shares of Charles Schwab by 153.0% in the fourth quarter. Heritage Wealth Management LLC now owns 468 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 283 shares during the last quarter. Finally, Beacon Capital Management LLC purchased a new stake in Charles Schwab in the 1st quarter worth about $25,000. Institutional investors own 81.61% of the company’s stock.

Charles Schwab Price Performance

NYSE SCHW opened at $58.22 on Monday. The stock has a market cap of $103.06 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 2.00 and a beta of 0.92. Charles Schwab has a 12 month low of $45.00 and a 12 month high of $86.63. The company’s 50 day moving average is $61.68 and its two-hundred day moving average is $57.11. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.80.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.75 EPS for the quarter, topping the consensus estimate of $0.71 by $0.04. The company had revenue of $4.66 billion for the quarter, compared to the consensus estimate of $4.61 billion. Charles Schwab had a return on equity of 27.54% and a net margin of 33.15%. Charles Schwab’s quarterly revenue was down 8.6% on a year-over-year basis. During the same period last year, the business posted $0.97 EPS. As a group, research analysts anticipate that Charles Schwab will post 3.27 earnings per share for the current year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Friday, August 11th were issued a $0.25 dividend. The ex-dividend date was Thursday, August 10th. This represents a $1.00 annualized dividend and a dividend yield of 1.72%. Charles Schwab’s dividend payout ratio (DPR) is 29.15%.

About Charles Schwab

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. The company operates in two segments, Investor Services and Advisor Services.