The Charles Schwab Co. (NYSE:SCHW) Receives Consensus Rating of "Hold" from Brokerages

The Charles Schwab Co. (NYSE:SCHW - Get Free Report) has been assigned an average rating of "Hold" from the sixteen ratings firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $73.31.

A number of brokerages have commented on SCHW. Morgan Stanley reduced their target price on shares of Charles Schwab from $71.00 to $70.00 and set an "equal weight" rating for the company in a report on Friday, August 16th. Bank of America cut their price target on Charles Schwab from $72.00 to $66.00 and set an "underperform" rating for the company in a report on Wednesday, July 17th. JMP Securities decreased their price objective on Charles Schwab from $85.00 to $82.00 and set a "market outperform" rating on the stock in a research note on Tuesday, July 23rd. JPMorgan Chase & Co. cut their price objective on Charles Schwab from $82.00 to $78.00 and set an "overweight" rating for the company in a research note on Wednesday, July 17th. Finally, UBS Group decreased their target price on shares of Charles Schwab from $91.00 to $90.00 and set a "buy" rating on the stock in a research note on Tuesday, July 9th.

Charles Schwab Stock Performance

SCHW traded up $0.58 during mid-day trading on Friday, reaching $64.42. 6,510,768 shares of the company traded hands, compared to its average volume of 8,059,265. The stock has a market capitalization of $114.49 billion, a P/E ratio of 27.00, a P/E/G ratio of 1.22 and a beta of 0.97. Charles Schwab has a 52-week low of $48.66 and a 52-week high of $79.49. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.65. The company's fifty day moving average price is $64.06 and its 200-day moving average price is $69.83.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its earnings results on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.01. The company had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.68 billion. Charles Schwab had a return on equity of 18.14% and a net margin of 26.30%. Charles Schwab's revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 earnings per share. On average, sell-side analysts expect that Charles Schwab will post 3.05 EPS for the current year.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.55%. Charles Schwab's dividend payout ratio (DPR) is 41.84%.

Insider Activity at Charles Schwab

In related news, insider Jonathan S. Beatty sold 780 shares of the company's stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $75.00, for a total transaction of $58,500.00. Following the sale, the insider now owns 18,069 shares of the company's stock, valued at $1,355,175. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Charles Schwab news, insider Jonathan S. Beatty sold 780 shares of the business's stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $75.00, for a total transaction of $58,500.00. Following the sale, the insider now directly owns 18,069 shares of the company's stock, valued at $1,355,175. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Charles R. Schwab sold 67,386 shares of the firm's stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $65.11, for a total value of $4,387,502.46. Following the completion of the sale, the chairman now directly owns 60,619,371 shares of the company's stock, valued at $3,946,927,245.81. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 99,636 shares of company stock valued at $6,457,104. 6.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SCHW. Nelson Capital Management LLC raised its holdings in shares of Charles Schwab by 0.4% in the first quarter. Nelson Capital Management LLC now owns 37,726 shares of the financial services provider's stock worth $2,729,000 after buying an additional 141 shares during the period. Abbrea Capital LLC boosted its stake in shares of Charles Schwab by 2.5% during the first quarter. Abbrea Capital LLC now owns 5,777 shares of the financial services provider's stock valued at $418,000 after purchasing an additional 142 shares during the period. Ironwood Financial llc increased its stake in Charles Schwab by 1.6% in the 1st quarter. Ironwood Financial llc now owns 10,186 shares of the financial services provider's stock worth $737,000 after buying an additional 160 shares during the period. Ascent Wealth Partners LLC lifted its holdings in Charles Schwab by 0.7% during the 2nd quarter. Ascent Wealth Partners LLC now owns 23,361 shares of the financial services provider's stock valued at $1,721,000 after buying an additional 164 shares in the last quarter. Finally, Sutton Place Investors LLC boosted its position in Charles Schwab by 2.1% in the 2nd quarter. Sutton Place Investors LLC now owns 8,086 shares of the financial services provider's stock valued at $596,000 after buying an additional 167 shares during the period. Institutional investors own 84.38% of the company's stock.

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.