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

Shares of The Charles Schwab Co. (NYSE:SCHW) have been assigned an average recommendation of “Hold” from the fourteen analysts that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $75.12.

Several research analysts recently issued reports on SCHW shares. JMP Securities reiterated a “market outperform” rating and issued a $80.00 target price on shares of Charles Schwab in a research report on Tuesday. Citigroup upped their target price on shares of Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. JPMorgan Chase & Co. upped their target price on shares of Charles Schwab from $86.00 to $89.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. Morgan Stanley upped their target price on shares of Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Finally, Bank of America upped their price target on shares of Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a research report on Tuesday, April 16th.

Insider Transactions at Charles Schwab

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $78.41, for a total transaction of $705,690.00. Following the completion of the sale, the director now directly owns 574,257 shares in the company, valued at $45,027,491.37. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $78.41, for a total value of $705,690.00. Following the completion of the transaction, the director now directly owns 574,257 shares of the company’s stock, valued at $45,027,491.37. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Charles R. Schwab sold 89,275 shares of the stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $74.62, for a total transaction of $6,661,700.50. Following the completion of the transaction, the chairman now directly owns 30,641,981 shares of the company’s stock, valued at $2,286,504,622.22. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 608,036 shares of company stock worth $45,259,140. Company insiders own 6.60% of the company’s stock.

Hedge Funds Weigh In On Charles Schwab

Institutional investors have recently bought and sold shares of the stock. Providence Capital Advisors LLC bought a new position in Charles Schwab in the third quarter worth about $28,000. Sugarloaf Wealth Management LLC lifted its holdings in shares of Charles Schwab by 60.0% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 165 shares during the last quarter. Frazier Financial Advisors LLC purchased a new position in shares of Charles Schwab during the fourth quarter valued at approximately $30,000. Wetzel Investment Advisors Inc. purchased a new position in shares of Charles Schwab during the fourth quarter valued at approximately $31,000. Finally, Tributary Capital Management LLC purchased a new position in shares of Charles Schwab during the first quarter valued at approximately $31,000. 84.38% of the stock is owned by institutional investors.

Charles Schwab Trading Down 0.3 %

Charles Schwab stock opened at $70.55 on Friday. The stock has a market cap of $125.38 billion, a P/E ratio of 29.52, a PEG ratio of 1.08 and a beta of 0.98. Charles Schwab has a fifty-two week low of $48.66 and a fifty-two week high of $79.49. The firm’s fifty day moving average price is $73.77 and its 200-day moving average price is $67.60. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.42 and a current ratio of 0.42.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.01. The firm had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.71 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. Equities research analysts forecast that Charles Schwab will post 3.31 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, May 24th. Stockholders of record on Friday, May 10th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.42%. Charles Schwab’s dividend payout ratio is currently 41.84%.

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.