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

Shares of The Charles Schwab Co. (NYSE:SCHW - Get Free Report) have been given a consensus rating of "Hold" by the sixteen research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $78.81.

SCHW has been the topic of several recent research reports. Morgan Stanley increased their target price on Charles Schwab from $68.00 to $74.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 24th. Wells Fargo & Company raised their target price on Charles Schwab from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 16th. Barclays upgraded Charles Schwab from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $74.00 to $95.00 in a research report on Monday. Piper Sandler raised their price objective on shares of Charles Schwab from $64.00 to $65.00 and gave the company a "neutral" rating in a research report on Wednesday, October 16th. Finally, The Goldman Sachs Group upped their target price on shares of Charles Schwab from $67.00 to $74.00 and gave the stock a "neutral" 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 company's stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total transaction of $576,450.00. Following the completion of the sale, the director now directly owns 554,929 shares in the company, valued at $35,543,202.45. This represents a 1.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jonathan S. Beatty sold 2,300 shares of the business's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $82.01, for a total transaction of $188,623.00. Following the completion of the transaction, the insider now owns 18,069 shares in the company, valued at $1,481,838.69. The trade was a 11.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 127,968 shares of company stock worth $9,419,271 over the last ninety days. Insiders own 6.60% of the company's stock.

Institutional Trading of Charles Schwab

Large investors have recently added to or reduced their stakes in the stock. Washington Trust Advisors Inc. grew its position in shares of Charles Schwab by 62.6% in the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider's stock worth $25,000 after buying an additional 149 shares during the period. Capital Performance Advisors LLP purchased a new position in shares of Charles Schwab during the third quarter valued at approximately $25,000. American Capital Advisory LLC bought a new stake in shares of Charles Schwab in the 2nd quarter worth approximately $27,000. Mizuho Securities Co. Ltd. purchased a new stake in shares of Charles Schwab in the 2nd quarter worth approximately $29,000. Finally, Prospera Private Wealth LLC purchased a new position in Charles Schwab during the third quarter valued at $31,000. Institutional investors own 84.38% of the company's stock.

Charles Schwab Stock Performance

Shares of SCHW stock traded up $0.09 on Wednesday, hitting $82.41. 6,323,295 shares of the stock were exchanged, compared to its average volume of 7,994,899. The firm's 50 day moving average is $74.78 and its two-hundred day moving average is $70.23. Charles Schwab has a one year low of $59.67 and a one year high of $83.35. The firm has a market capitalization of $146.66 billion, a PE ratio of 32.24, a P/E/G ratio of 1.77 and a beta of 0.96. The company has a current ratio of 0.47, a quick 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 Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates of $0.75 by $0.02. The firm had revenue of $4.85 billion during 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 16.92%. The company's quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the business earned $0.77 earnings per share. Sell-side analysts expect that Charles Schwab will post 3.12 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.21%. Charles Schwab's payout ratio is 39.06%.

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.