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

The Charles Schwab Co. (NYSE:SCHW) has earned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $69.91.

Several brokerages have recently issued reports on SCHW. Morgan Stanley cut their target price on shares of Charles Schwab from $71.00 to $64.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 11th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Charles Schwab from $70.00 to $69.00 in a report on Wednesday, October 11th. Citigroup raised their target price on shares of Charles Schwab from $65.00 to $75.00 in a report on Wednesday, July 19th. Piper Sandler cut their target price on shares of Charles Schwab from $86.00 to $75.00 and set an “overweight” rating on the stock in a report on Monday, October 9th. Finally, Argus raised their target price on shares of Charles Schwab from $70.00 to $81.00 in a report on Wednesday, July 19th.

Charles Schwab Trading Down 0.3 %

SCHW stock opened at $55.67 on Tuesday. The company has a market capitalization of $98.55 billion, a PE ratio of 18.56, a price-to-earnings-growth ratio of 2.43 and a beta of 0.94. Charles Schwab has a one year low of $45.00 and a one year high of $86.63. The company’s 50 day moving average price is $54.86 and its two-hundred day moving average price is $56.04. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.39 and a current ratio of 0.39.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Monday, October 16th. The financial services provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.75 by $0.02. Charles Schwab had a net margin of 30.14% and a return on equity of 24.86%. The firm had revenue of $4.61 billion for the quarter, compared to the consensus estimate of $4.62 billion. During the same period last year, the firm posted $1.10 earnings per share. The business’s revenue was down 16.3% compared to the same quarter last year. As a group, analysts predict that Charles Schwab will post 3.16 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Friday, November 10th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Thursday, November 9th. Charles Schwab’s dividend payout ratio is currently 33.33%.

Insider Buying and Selling at Charles Schwab

In other news, CFO Peter B. Crawford sold 3,792 shares of Charles Schwab stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $57.31, for a total value of $217,319.52. Following the completion of the transaction, the chief financial officer now owns 44,725 shares of the company’s stock, valued at approximately $2,563,189.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Paula A. Sneed sold 6,918 shares of Charles Schwab stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $49.98, for a total value of $345,761.64. Following the completion of the transaction, the director now owns 112,398 shares of the company’s stock, valued at approximately $5,617,652.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Peter B. Crawford sold 3,792 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $57.31, for a total value of $217,319.52. Following the completion of the transaction, the chief financial officer now directly owns 44,725 shares of the company’s stock, valued at approximately $2,563,189.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,710 shares of company stock valued at $1,039,961. 6.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Charles Schwab

A number of hedge funds have recently bought and sold shares of the business. Schechter Investment Advisors LLC raised its position in Charles Schwab by 5.4% in the 3rd quarter. Schechter Investment Advisors LLC now owns 6,469 shares of the financial services provider’s stock worth $355,000 after buying an additional 331 shares during the last quarter. HM Payson & Co. grew its stake in shares of Charles Schwab by 4.0% during the 3rd quarter. HM Payson & Co. now owns 21,929 shares of the financial services provider’s stock valued at $1,204,000 after purchasing an additional 851 shares during the period. Manchester Financial Inc. bought a new stake in shares of Charles Schwab during the 3rd quarter valued at about $254,000. Childress Capital Advisors LLC bought a new stake in shares of Charles Schwab during the 3rd quarter valued at about $304,000. Finally, PFG Investments LLC grew its stake in shares of Charles Schwab by 35.5% during the 3rd quarter. PFG Investments LLC now owns 5,750 shares of the financial services provider’s stock valued at $316,000 after purchasing an additional 1,508 shares during the period. Hedge funds and other institutional investors own 81.61% of the company’s stock.

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.