Brokerages Set The Charles Schwab Co. (NYSE:SCHW) Target Price at $73.59

Shares of The Charles Schwab Co. (NYSE:SCHW - Get Free Report) have been given a consensus rating of "Hold" by the seventeen analysts that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $73.59.

Several analysts have issued reports on SCHW shares. Citigroup lowered their price objective on shares of Charles Schwab from $75.00 to $72.00 and set a "neutral" rating for the company in a research report on Friday, September 27th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Charles Schwab from $77.00 to $76.00 in a research note on Tuesday, October 15th. Raymond James reduced their price target on shares of Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. Piper Sandler lifted their target price on Charles Schwab from $64.00 to $65.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 16th. Finally, Barclays lifted their price target on shares of Charles Schwab from $64.00 to $74.00 and gave the company an "equal weight" rating in a report on Wednesday, October 16th.

Insider Buying and Selling at Charles Schwab

In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total value of $576,450.00. Following the transaction, the director now directly owns 554,929 shares of the company's stock, valued at approximately $35,543,202.45. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm's stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total value of $576,450.00. Following the sale, the director now directly owns 554,929 shares in the company, valued at $35,543,202.45. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Charles R. Schwab sold 62,345 shares of the firm's stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $72.52, for a total transaction of $4,521,259.40. Following the transaction, the chairman now directly owns 60,619,371 shares of the company's stock, valued at $4,396,116,784.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 182,001 shares of company stock worth $12,512,592 over the last 90 days. 6.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SCHW. Country Trust Bank bought a new position in Charles Schwab during the 2nd quarter worth about $26,000. Fortitude Family Office LLC increased its position in Charles Schwab by 97.5% during the second quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider's stock worth $29,000 after buying an additional 192 shares during the last quarter. American Capital Advisory LLC bought a new stake in Charles Schwab in the second quarter valued at approximately $27,000. CGC Financial Services LLC bought a new position in shares of Charles Schwab during the 2nd quarter worth approximately $29,000. Finally, Mizuho Securities Co. Ltd. acquired a new stake in Charles Schwab during the 2nd quarter valued at $29,000. Institutional investors and hedge funds own 84.38% of the company's stock.

Charles Schwab Stock Performance

SCHW traded up $0.04 on Tuesday, hitting $70.91. 5,559,229 shares of the company traded hands, compared to its average volume of 8,092,227. The company has a 50 day moving average of $65.16 and a 200-day moving average of $69.49. Charles Schwab has a 12-month low of $48.66 and a 12-month 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 stock has a market capitalization of $126.11 billion, a PE ratio of 27.68, a PEG ratio of 1.65 and a beta of 0.97.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, beating the consensus estimate of $0.75 by $0.02. The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.78 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 17.52%. The company's quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.77 earnings per share. Sell-side analysts anticipate that Charles Schwab will post 3.11 earnings per share for the current year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were paid 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 yield of 1.41%. Charles Schwab's dividend payout ratio (DPR) is presently 39.06%.

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.