The Charles Schwab Corporation (SCHW) Receives $45.53 Average PT from Brokerages

The Charles Schwab Corporation (NYSE:SCHW) has received an average rating of “Buy” from the twenty brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $45.53.

A number of research firms recently weighed in on SCHW. William Blair reiterated an “outperform” rating on shares of The Charles Schwab Corporation in a research report on Friday, June 16th. Deutsche Bank AG decreased their price target on The Charles Schwab Corporation from $47.00 to $46.00 and set a “buy” rating for the company in a research report on Tuesday, July 4th. BidaskClub lowered The Charles Schwab Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Citigroup Inc. began coverage on The Charles Schwab Corporation in a research report on Thursday, July 13th. They issued a “neutral” rating and a $46.00 price target for the company. Finally, Rosenblatt Securities began coverage on The Charles Schwab Corporation in a research report on Thursday, July 13th. They issued a “neutral” rating and a $46.00 price target for the company.

In other news, Chairman Charles R. Schwab sold 26,000 shares of The Charles Schwab Corporation stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $42.80, for a total transaction of $1,112,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Charles R. Schwab sold 350,000 shares of The Charles Schwab Corporation stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $43.10, for a total value of $15,085,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 925,122 shares of company stock valued at $39,733,977. 12.00% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of The Charles Schwab Corporation by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 81,925,586 shares of the financial services provider’s stock valued at $3,519,523,000 after acquiring an additional 2,536,947 shares in the last quarter. BlackRock Inc. raised its stake in shares of The Charles Schwab Corporation by 2.5% in the 2nd quarter. BlackRock Inc. now owns 73,666,134 shares of the financial services provider’s stock valued at $3,164,699,000 after acquiring an additional 1,790,015 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of The Charles Schwab Corporation by 1.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 39,576,199 shares of the financial services provider’s stock valued at $1,700,193,000 after acquiring an additional 491,451 shares in the last quarter. FMR LLC raised its stake in shares of The Charles Schwab Corporation by 11.3% in the 2nd quarter. FMR LLC now owns 30,766,004 shares of the financial services provider’s stock valued at $1,321,708,000 after acquiring an additional 3,128,532 shares in the last quarter. Finally, Capital Research Global Investors raised its stake in shares of The Charles Schwab Corporation by 86.3% in the 2nd quarter. Capital Research Global Investors now owns 24,237,199 shares of the financial services provider’s stock valued at $1,041,230,000 after acquiring an additional 11,224,199 shares in the last quarter. 79.60% of the stock is currently owned by institutional investors and hedge funds.

The Charles Schwab Corporation (NYSE:SCHW) traded up 1.35% during trading on Friday, hitting $39.84. 7,939,797 shares of the stock were exchanged. The Charles Schwab Corporation has a one year low of $29.86 and a one year high of $44.10. The stock’s 50 day moving average is $40.83 and its 200-day moving average is $40.83. The company has a market cap of $53.35 billion, a price-to-earnings ratio of 26.74 and a beta of 1.64.

The Charles Schwab Corporation (NYSE:SCHW) last released its earnings results on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.39. The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.13 billion. The Charles Schwab Corporation had a return on equity of 15.41% and a net margin of 26.73%. The Charles Schwab Corporation’s revenue was up 16.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.30 earnings per share. On average, equities research analysts expect that The Charles Schwab Corporation will post $1.62 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Friday, August 11th were issued a dividend of $0.08 per share. The ex-dividend date was Wednesday, August 9th. This represents a $0.32 annualized dividend and a dividend yield of 0.80%. The Charles Schwab Corporation’s dividend payout ratio is 21.48%.

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The Charles Schwab Corporation Company Profile

The Charles Schwab Corporation (CSC) is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services.

Analyst Recommendations for The Charles Schwab Corporation (NYSE:SCHW)

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