The Charles Schwab Co. (NYSE:SCHW) Receives $86.33 Average Target Price from Analysts

The Charles Schwab Co. (NYSE:SCHW) has received a consensus rating of “Hold” from the seventeen ratings firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $86.33.

Several equities research analysts have weighed in on SCHW shares. JPMorgan Chase & Co. upped their price target on Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft upped their price objective on Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Truist Financial upped their price objective on Charles Schwab from $90.00 to $91.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. TD Cowen raised Charles Schwab from a “hold” rating to a “buy” rating and upped their price objective for the stock from $88.00 to $103.00 in a research report on Tuesday, February 18th. Finally, Jefferies Financial Group upped their price objective on Charles Schwab from $84.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, December 9th.

Charles Schwab Price Performance

Shares of NYSE SCHW opened at $78.47 on Friday. The stock’s 50-day moving average is $78.99 and its two-hundred day moving average is $74.87. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. Charles Schwab has a 1-year low of $61.01 and a 1-year high of $84.50. The company has a market cap of $142.30 billion, a price-to-earnings ratio of 26.24, a price-to-earnings-growth ratio of 0.99 and a beta of 0.98.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter in the prior year, the business earned $0.68 EPS. Charles Schwab’s revenue was up 19.5% on a year-over-year basis. Analysts forecast that Charles Schwab will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.27 per share. The ex-dividend date was Friday, February 14th. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.38%. Charles Schwab’s dividend payout ratio is currently 36.12%.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, Chairman Walter W. Bettinger sold 464,629 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the completion of the sale, the chairman now directly owns 827,377 shares of the company’s stock, valued at $67,770,450.07. This represents a 35.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul V. Woolway sold 9,887 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $75.38, for a total value of $745,282.06. Following the sale, the insider now directly owns 47,931 shares of the company’s stock, valued at approximately $3,613,038.78. This represents a 17.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 501,087 shares of company stock valued at $40,952,233 in the last ninety days. Insiders own 6.60% of the company’s stock.

Institutional Trading of Charles Schwab

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Gladstone Institutional Advisory LLC raised its stake in shares of Charles Schwab by 2.0% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 6,247 shares of the financial services provider’s stock worth $462,000 after buying an additional 124 shares in the last quarter. N.E.W. Advisory Services LLC raised its stake in shares of Charles Schwab by 1.7% during the 4th quarter. N.E.W. Advisory Services LLC now owns 7,522 shares of the financial services provider’s stock worth $557,000 after buying an additional 125 shares in the last quarter. Klingman & Associates LLC raised its stake in shares of Charles Schwab by 3.2% during the 4th quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider’s stock worth $302,000 after buying an additional 125 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV raised its stake in shares of Charles Schwab by 2.7% during the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 4,763 shares of the financial services provider’s stock worth $353,000 after buying an additional 127 shares in the last quarter. Finally, Personal CFO Solutions LLC raised its stake in shares of Charles Schwab by 1.2% during the 4th quarter. Personal CFO Solutions LLC now owns 11,236 shares of the financial services provider’s stock worth $832,000 after buying an additional 130 shares in the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

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.