Charles Schwab Corp. (NASDAQ:SCHW) declared a quarterly dividend on Thursday, October 24th, AR Network reports. Stockholders of record on Friday, November 8th will be given a dividend of $0.06 per share on Friday, November 22nd. This represents a $0.24 dividend on an annualized basis and a yield of 1.03%.
Several analysts have recently commented on the stock. Analysts at Keefe, Bruyette & Woods reiterated a “sell” rating on shares of Charles Schwab Corp. in a research note to investors on Wednesday, October 16th. They now have a $20.00 price target on the stock. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of Charles Schwab Corp. in a research note to investors on Wednesday, October 16th. They now have a $24.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of Charles Schwab Corp. from $21.00 to $23.00 in a research note to investors on Wednesday, October 16th. They now have a “neutral” rating on the stock. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $19.58.
Shares of Charles Schwab Corp. (NASDAQ:SCHW) traded up 0.43% on Thursday, hitting $23.40. The stock had a trading volume of 5,188,899 shares. Charles Schwab Corp. has a 52 week low of $12.47 and a 52 week high of $22.84. The stock’s 50-day moving average is $21.85 and its 200-day moving average is $19.55. The company has a market cap of $29.905 billion and a P/E ratio of 33.24.
Charles Schwab Corp. (NASDAQ:SCHW) last released its earnings data on Tuesday, October 15th. The company reported $0.22 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.20 by $0.02. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was up 14.8% on a year-over-year basis.
In other Charles Schwab Corp. news, major shareholder Charles R. Schwab sold 566,973 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $23.43, for a total value of $13,284,177.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
The Charles Schwab Corporation (NASDAQ:SCHW) is a savings and loan holding company.
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