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

The Charles Schwab Co. (NYSE:SCHW - Get Free Report) has been assigned an average recommendation of "Hold" from the seventeen ratings firms that are covering the firm, Marketbeat reports. Two investment 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 1-year price target among brokerages that have issued a report on the stock in the last year is $74.18.

A number of brokerages have recently issued reports on SCHW. Cowen upped their price target on Charles Schwab from $69.00 to $75.00 and gave the stock a "hold" rating in a research report on Tuesday, October 15th. The Goldman Sachs Group upped their target price on Charles Schwab from $67.00 to $74.00 and gave the company a "neutral" rating in a research report on Wednesday, October 16th. Piper Sandler raised their price target on Charles Schwab from $64.00 to $65.00 and gave the stock a "neutral" rating in a report on Wednesday, October 16th. Raymond James cut their price objective on shares of Charles Schwab from $76.00 to $73.00 in a report on Tuesday, October 15th. Finally, Wells Fargo & Company increased their price objective on shares of Charles Schwab from $70.00 to $75.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 16th.

Charles Schwab Stock Up 0.6 %

Shares of NYSE SCHW traded up $0.45 during mid-day trading on Friday, reaching $80.64. 9,372,796 shares of the company were exchanged, compared to its average volume of 8,107,237. Charles Schwab has a 1 year low of $55.09 and a 1 year high of $82.50. The firm has a 50-day moving average of $68.74 and a 200 day moving average of $69.66. The stock has a market cap of $143.51 billion, a price-to-earnings ratio of 31.50, a P/E/G ratio of 1.71 and a beta of 0.96. The company has a quick ratio of 0.42, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.02. The business had revenue of $4.85 billion for the quarter, compared to analysts' expectations of $4.78 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The company's revenue was up 5.2% compared to the same quarter last year. During the same period last year, the business earned $0.77 EPS. On average, research analysts expect that Charles Schwab will post 3.12 earnings per share for the current year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a $0.25 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.24%. Charles Schwab's payout ratio is 39.06%.

Insider Activity at Charles Schwab

In related news, Chairman Charles R. Schwab sold 62,345 shares of Charles Schwab stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $72.52, for a total value of $4,521,259.40. Following the completion of the transaction, the chairman now owns 60,619,371 shares in the company, valued at $4,396,116,784.92. The trade was a 0.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the 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 owns 554,929 shares in the company, valued at $35,543,202.45. This represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 103,645 shares of company stock worth $7,440,627. 6.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Geode Capital Management LLC grew its position in shares of Charles Schwab by 1.5% in the third quarter. Geode Capital Management LLC now owns 30,141,441 shares of the financial services provider's stock valued at $1,945,614,000 after purchasing an additional 445,304 shares during the period. Greenwood Gearhart Inc. boosted its holdings in Charles Schwab by 9.3% in the 3rd quarter. Greenwood Gearhart Inc. now owns 162,885 shares of the financial services provider's stock worth $10,557,000 after buying an additional 13,817 shares during the last quarter. Brophy Wealth Management LLC purchased a new stake in Charles Schwab during the 3rd quarter worth approximately $626,000. Nabity Jensen Investment Management Inc acquired a new position in shares of Charles Schwab during the third quarter valued at approximately $720,000. Finally, Continuum Advisory LLC lifted its position in shares of Charles Schwab by 3.8% in the third quarter. Continuum Advisory LLC now owns 8,554 shares of the financial services provider's stock valued at $554,000 after acquiring an additional 316 shares in the last quarter. 84.38% of the stock is owned by institutional investors and hedge funds.

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.