The Charles Schwab Co. (NYSE:SCHW) Receives $85.33 Consensus Price Target from Brokerages

Shares of The Charles Schwab Co. (NYSE:SCHW - Get Free Report) have been given an average recommendation of "Moderate Buy" by the seventeen analysts that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $85.44.

SCHW has been the topic of a number of research analyst reports. Morgan Stanley raised Charles Schwab from an "equal weight" rating to an "overweight" rating and set a $76.00 price target on the stock in a report on Tuesday, April 8th. Wells Fargo & Company lowered their price objective on shares of Charles Schwab from $93.00 to $87.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. reiterated an "outperform" rating and set a $92.00 target price on shares of Charles Schwab in a research note on Wednesday. JPMorgan analyst Kenneth Worthington reiterated an Overweight rating and $92 target. Ahead of earnings, he highlighted Schwab’s earnings model and positive impact of rising cash allocations. Truist Financial cut their price objective on Charles Schwab from $91.00 to $85.00 and set a "buy" rating for the company in a report on Friday, April 4th. Finally, JMP Securities dropped their target price on Charles Schwab from $96.00 to $94.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th.

Insider Activity

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 14,643 shares of the business's stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total value of $1,181,690.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Walter W. Bettinger sold 464,629 shares of Charles Schwab stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total value of $38,057,761.39. Following the completion of the sale, the chairman now directly owns 827,377 shares in the company, valued at $67,770,450.07. This trade represents a 35.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 513,081 shares of company stock worth $41,903,066 over the last ninety days. Corporate insiders own 6.30% of the company's stock.

Hedge Funds Weigh In On Charles Schwab

Several institutional investors have recently added to or reduced their stakes in the company. Atwood & Palmer Inc. purchased a new position in shares of Charles Schwab in the first quarter valued at $25,000. WFA Asset Management Corp purchased a new stake in shares of Charles Schwab during the 1st quarter valued at about $33,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Charles Schwab in the 4th quarter valued at about $38,000. Atala Financial Inc purchased a new position in Charles Schwab in the fourth quarter worth about $41,000. Finally, Investors Research Corp increased its stake in Charles Schwab by 75.2% during the first quarter. Investors Research Corp now owns 559 shares of the financial services provider's stock worth $44,000 after acquiring an additional 240 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company's stock.

Charles Schwab Stock Up 1.1 %

Shares of NYSE:SCHW traded up $0.82 on Tuesday, hitting $76.52. 19,270,925 shares of the company traded hands, compared to its average volume of 9,292,439. The company has a market cap of $138.77 billion, a PE ratio of 25.59, a PEG ratio of 0.99 and a beta of 0.91. The stock has a 50 day simple moving average of $77.30 and a 200-day simple moving average of $76.40. Charles Schwab has a 52 week low of $61.01 and a 52 week high of $84.50. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.03. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter in the prior year, the firm posted $0.74 earnings per share. As a group, research analysts expect that Charles Schwab will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.27 per share. The ex-dividend date was Friday, February 14th. This is a boost from Charles Schwab's previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.41%. Charles Schwab's dividend payout ratio (DPR) is currently 36.12%.

About Charles Schwab

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.