The Charles Schwab Co. (NYSE:SCHW) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of The Charles Schwab Co. (NYSE:SCHW) have received an average rating of “Moderate Buy” from the seventeen ratings firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $87.22.

A number of analysts have issued reports on SCHW shares. Morgan Stanley raised Charles Schwab from an “equal weight” rating to an “overweight” rating and set a $76.00 target price for the company in a research note on Tuesday, April 8th. JMP Securities reaffirmed a “market outperform” rating and set a $94.00 target price on shares of Charles Schwab in a research note on Monday, April 21st. The Goldman Sachs Group upgraded shares of Charles Schwab from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a report on Friday, April 25th. UBS Group upped their price objective on Charles Schwab from $95.00 to $96.00 and gave the company a “buy” rating in a report on Tuesday, April 22nd. Finally, Piper Sandler increased their price objective on Charles Schwab from $74.00 to $80.00 in a research report on Thursday, April 17th.

Insider Activity

In other news, insider Jonathan M. Craig sold 9,559 shares of the firm’s stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $82.00, for a total transaction of $783,838.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Paul V. Woolway sold 3,380 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $79.32, for a total transaction of $268,101.60. Following the sale, the insider now owns 57,818 shares of the company’s stock, valued at approximately $4,586,123.76. This represents a 5.52 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 503,041 shares of company stock worth $41,072,558. 6.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Charles Schwab

Hedge funds have recently made changes to their positions in the business. Gladstone Institutional Advisory LLC lifted its holdings in shares of Charles Schwab by 2.0% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 6,247 shares of the financial services provider’s stock valued at $462,000 after purchasing an additional 124 shares in the last quarter. N.E.W. Advisory Services LLC raised its position in Charles Schwab by 1.7% during the fourth quarter. N.E.W. Advisory Services LLC now owns 7,522 shares of the financial services provider’s stock valued at $557,000 after buying an additional 125 shares during the period. Klingman & Associates LLC lifted its stake in Charles Schwab by 3.2% in the 4th quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider’s stock worth $302,000 after acquiring an additional 125 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV boosted its position in 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 acquiring an additional 127 shares during the period. Finally, Sheaff Brock Investment Advisors LLC lifted its position in shares of Charles Schwab by 1.6% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 7,986 shares of the financial services provider’s stock worth $625,000 after purchasing an additional 129 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Stock Up 0.2 %

Shares of SCHW opened at $84.53 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The firm has a market cap of $153.30 billion, a P/E ratio of 28.27, a PEG ratio of 0.99 and a beta of 0.90. The stock’s 50 day moving average is $77.48 and its two-hundred day moving average is $77.84. Charles Schwab has a 12 month low of $61.01 and a 12 month high of $85.19.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.46 billion. During the same quarter in the prior year, the firm earned $0.74 earnings per share. Analysts predict that Charles Schwab will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Friday, May 9th. Charles Schwab’s dividend payout ratio (DPR) is 32.73%.

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.