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

The Charles Schwab Co. (NYSE:SCHW) has been given an average rating of “Moderate Buy” by the eighteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and fifteen have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $89.63.

Several brokerages recently commented on SCHW. Citigroup raised shares of Charles Schwab from a “neutral” rating to a “buy” rating and increased their price objective for the company from $85.00 to $102.00 in a research report on Wednesday, April 2nd. Truist Financial lifted their price objective on shares of Charles Schwab from $84.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, May 15th. Barclays dropped their price objective on shares of Charles Schwab from $96.00 to $84.00 and set an “overweight” rating on the stock in a report on Monday, April 7th. TD Cowen upgraded Charles Schwab from a “hold” rating to a “buy” rating and raised their target price for the stock from $88.00 to $103.00 in a research note on Tuesday, February 18th. Finally, Morgan Stanley lifted their price target on Charles Schwab from $76.00 to $83.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 13th.

Charles Schwab Stock Performance

Shares of SCHW stock opened at $88.00 on Wednesday. Charles Schwab has a 12-month low of $61.01 and a 12-month high of $89.85. The business’s fifty day simple moving average is $81.16 and its 200-day simple moving average is $79.49. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The company has a market cap of $159.89 billion, a PE ratio of 29.43, a PEG ratio of 0.99 and a beta of 0.90.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.03. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The firm had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.46 billion. During the same period in the previous year, the business earned $0.74 EPS. Analysts expect that Charles Schwab will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date was Friday, May 9th. Charles Schwab’s dividend payout ratio (DPR) is presently 32.73%.

Insider Buying and Selling

In related news, insider Jonathan M. Craig sold 9,559 shares of the firm’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $82.00, for a total value of $783,838.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Paul V. Woolway sold 3,290 shares of the business’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $87.68, for a total value of $288,467.20. Following the sale, the insider now owns 39,154 shares of the company’s stock, valued at approximately $3,433,022.72. This trade represents a 7.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 97,608 shares of company stock valued at $8,392,040. 6.30% of the stock is owned by company insiders.

Institutional Trading of Charles Schwab

Several large investors have recently made changes to their positions in SCHW. Vanguard Group Inc. raised its position in shares of Charles Schwab by 15.4% in the first quarter. Vanguard Group Inc. now owns 148,395,252 shares of the financial services provider’s stock valued at $11,616,380,000 after buying an additional 19,817,022 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Charles Schwab by 12.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 82,048,984 shares of the financial services provider’s stock valued at $6,422,795,000 after acquiring an additional 8,954,248 shares in the last quarter. Geode Capital Management LLC raised its holdings in Charles Schwab by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 30,901,484 shares of the financial services provider’s stock valued at $2,279,742,000 after acquiring an additional 760,043 shares during the last quarter. Fisher Asset Management LLC lifted its stake in Charles Schwab by 1.3% in the 4th quarter. Fisher Asset Management LLC now owns 20,455,266 shares of the financial services provider’s stock worth $1,513,894,000 after purchasing an additional 265,708 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Charles Schwab by 10.8% during the 1st quarter. Northern Trust Corp now owns 17,440,301 shares of the financial services provider’s stock worth $1,365,227,000 after purchasing an additional 1,700,384 shares during the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

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.