The Charles Schwab Co. (NYSE:SCHW) Receives Consensus Recommendation of “Hold” from Analysts

The Charles Schwab Co. (NYSE:SCHW) has been given an average rating of “Hold” by the sixteen brokerages that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $80.50.

Several brokerages recently commented on SCHW. The Goldman Sachs Group raised their price objective on shares of Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Citigroup decreased their price target on Charles Schwab from $75.00 to $72.00 and set a “neutral” rating on the stock in a research note on Friday, September 27th. Raymond James dropped their price objective on Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Finally, Piper Sandler raised their price target on Charles Schwab from $64.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th.

Insider Activity

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,300 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $82.01, for a total value of $188,623.00. Following the sale, the insider now directly owns 18,069 shares of the company’s stock, valued at approximately $1,481,838.69. This trade represents a 11.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nigel J. Murtagh sold 12,739 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $81.17, for a total transaction of $1,034,024.63. Following the transaction, the insider now owns 59,092 shares in the company, valued at approximately $4,796,497.64. The trade was a 17.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 118,968 shares of company stock valued at $8,842,821 over the last quarter. Company insiders own 6.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Washington Trust Advisors Inc. increased its stake in Charles Schwab by 62.6% during the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 149 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in Charles Schwab during the 3rd quarter worth approximately $25,000. Prospera Private Wealth LLC purchased a new position in Charles Schwab in the third quarter valued at approximately $31,000. Future Financial Wealth Managment LLC acquired a new position in Charles Schwab during the third quarter valued at approximately $32,000. Finally, Hazlett Burt & Watson Inc. acquired a new stake in shares of Charles Schwab in the third quarter worth $33,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Charles Schwab Price Performance

Shares of SCHW opened at $74.45 on Friday. The firm has a market capitalization of $132.50 billion, a PE ratio of 29.08, a P/E/G ratio of 1.76 and a beta of 0.99. The stock’s 50 day moving average is $77.40 and its two-hundred day moving average is $70.64. Charles Schwab has a twelve month low of $59.67 and a twelve month high of $83.35. 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) last announced its quarterly earnings data 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. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the prior year, the company posted $0.77 earnings per share. Charles Schwab’s quarterly revenue was up 5.2% on a year-over-year basis. Research analysts anticipate that Charles Schwab will post 3.12 earnings per share for the current year.

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date was Friday, November 8th. Charles Schwab’s dividend payout ratio is presently 39.06%.

Charles Schwab Company Profile

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.