The Charles Schwab Co. (NYSE:SCHW) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of The Charles Schwab Co. (NYSE:SCHW) have been given an average recommendation of “Moderate Buy” by the seventeen ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $81.19.

A number of equities research analysts have recently issued reports on SCHW shares. Cowen upped their target price on shares of Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Raymond James cut their price objective on shares of Charles Schwab from $76.00 to $73.00 in a report on Tuesday, October 15th. Barclays upgraded Charles Schwab from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $74.00 to $95.00 in a report on Monday, December 9th. Truist Financial raised Charles Schwab to a “strong-buy” rating in a report on Monday. Finally, Wells Fargo & Company boosted their price objective on Charles Schwab from $75.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th.

Insider Activity at Charles Schwab

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 29,800 shares of the business’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $72.16, for a total value of $2,150,368.00. Following the completion of the transaction, the director now owns 551,329 shares in the company, valued at $39,783,900.64. The trade was a 5.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jonathan S. Beatty sold 2,300 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $82.01, for a total value of $188,623.00. Following the completion of the sale, the insider now owns 18,069 shares in the company, valued at approximately $1,481,838.69. The trade was a 11.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 118,968 shares of company stock worth $8,842,821 in the last three months. 6.60% of the stock is owned by company insiders.

Institutional Trading of Charles Schwab

A number of large investors have recently made changes to their positions in the company. Benjamin Edwards Inc. grew its holdings in Charles Schwab by 2,840.7% during the 3rd quarter. Benjamin Edwards Inc. now owns 6,146 shares of the financial services provider’s stock worth $398,000 after acquiring an additional 5,937 shares in the last quarter. Synovus Financial Corp grew its stake in shares of Charles Schwab by 46.0% during the third quarter. Synovus Financial Corp now owns 67,889 shares of the financial services provider’s stock worth $4,400,000 after purchasing an additional 21,377 shares in the last quarter. Patten & Patten Inc. TN raised its stake in Charles Schwab by 155.9% in the third quarter. Patten & Patten Inc. TN now owns 104,168 shares of the financial services provider’s stock valued at $6,751,000 after buying an additional 63,463 shares in the last quarter. Equity Investment Corp lifted its holdings in Charles Schwab by 9.4% during the 3rd quarter. Equity Investment Corp now owns 1,640,157 shares of the financial services provider’s stock worth $106,299,000 after buying an additional 140,643 shares during the last quarter. Finally, Teewinot Capital Advisers L.L.C. boosted its position in shares of Charles Schwab by 9.0% during the 2nd quarter. Teewinot Capital Advisers L.L.C. now owns 775,161 shares of the financial services provider’s stock worth $57,122,000 after acquiring an additional 64,041 shares in the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Charles Schwab Trading Up 0.9 %

Shares of SCHW stock opened at $72.93 on Friday. The company has a market cap of $129.79 billion, a price-to-earnings ratio of 28.49, a PEG ratio of 1.76 and a beta of 0.99. The stock has a 50 day simple moving average of $77.53 and a 200-day simple moving average of $70.65. 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 $59.67 and a 1-year high of $83.35.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.02. The business had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.78 billion. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.77 earnings per share. On average, equities research analysts expect that Charles Schwab will post 3.12 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.37%. Charles Schwab’s payout ratio is presently 39.06%.

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.