The Charles Schwab Co. (NYSE:SCHW) Receives $87.22 Average Price Target from Brokerages

The Charles Schwab Co. (NYSE:SCHW) has received a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $87.61.

A number of equities analysts have recently commented on the company. TD Cowen upgraded Charles Schwab from a “hold” rating to a “buy” rating and raised their price objective for the stock from $88.00 to $103.00 in a report on Tuesday, February 18th. Redburn Partners cut their price target on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a report on Friday, January 17th. Morgan Stanley lifted their price target on shares of Charles Schwab from $76.00 to $83.00 and gave the company an “overweight” rating in a research report on Tuesday. Barclays dropped their price objective on shares of Charles Schwab from $96.00 to $84.00 and set an “overweight” rating for the company in a research report on Monday, April 7th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Charles Schwab from $92.00 to $95.00 and gave the company an “overweight” rating in a report on Monday, April 21st.

Charles Schwab Stock Performance

Shares of SCHW stock opened at $87.02 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The firm has a market capitalization of $157.82 billion, a price-to-earnings ratio of 29.10, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90. Charles Schwab has a one year low of $61.01 and a one year high of $87.29. The company has a 50 day moving average price of $78.11 and a 200 day moving average price of $78.14.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same period in the prior year, the firm posted $0.74 EPS. Sell-side analysts anticipate that Charles Schwab will post 4.22 EPS for the current year.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.24%. Charles Schwab’s dividend payout ratio is presently 32.73%.

Insider Buying and Selling

In other Charles Schwab news, insider Paul V. Woolway sold 3,380 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $79.32, for a total transaction of $268,101.60. Following the completion of the transaction, the insider now directly owns 57,818 shares of the company’s stock, valued at $4,586,123.76. This trade represents a 5.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jonathan M. Craig sold 9,559 shares of the company’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $82.00, for a total transaction of $783,838.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,412 shares of company stock worth $3,014,797. 6.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Charles Schwab

A number of hedge funds have recently bought and sold shares of the company. Merit Financial Group LLC lifted its stake in Charles Schwab by 230.1% during the fourth quarter. Merit Financial Group LLC now owns 33,546 shares of the financial services provider’s stock worth $2,483,000 after purchasing an additional 23,383 shares during the last quarter. Oregon Pacific Wealth Management LLC acquired a new stake in shares of Charles Schwab during the fourth quarter worth $688,000. Cary Street Partners Financial LLC bought a new position in shares of Charles Schwab in the 4th quarter worth about $1,455,000. Golden State Equity Partners boosted its holdings in shares of Charles Schwab by 293.9% in the 4th quarter. Golden State Equity Partners now owns 12,207 shares of the financial services provider’s stock valued at $903,000 after buying an additional 9,108 shares during the period. Finally, Asset Management One Co. Ltd. grew its position in shares of Charles Schwab by 7.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 637,957 shares of the financial services provider’s stock valued at $47,674,000 after buying an additional 43,308 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

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.