Brokerages Set The Charles Schwab Co. (NYSE:SCHW) Price Target at $74.47

The Charles Schwab Co. (NYSE:SCHW) has earned an average recommendation of “Hold” from the fourteen ratings firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $74.47.

Several equities research analysts recently commented on the company. Barclays increased their price target on Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a report on Tuesday, April 16th. Morgan Stanley raised their price target on Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Keefe, Bruyette & Woods raised their price target on Charles Schwab from $75.00 to $76.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 16th. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Finally, JMP Securities restated a “market outperform” rating and issued a $80.00 price target on shares of Charles Schwab in a research note on Tuesday, April 16th.

Charles Schwab Price Performance

Shares of Charles Schwab stock opened at $75.33 on Tuesday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82. Charles Schwab has a twelve month low of $45.65 and a twelve month high of $75.55. The business has a 50-day moving average price of $70.52 and a 200 day moving average price of $64.48. The firm has a market cap of $133.79 billion, a PE ratio of 31.52, a P/E/G ratio of 1.08 and a beta of 0.98.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.00 annualized dividend and a yield of 1.33%. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, CFO Peter B. Crawford sold 8,000 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $64.76, for a total value of $518,080.00. Following the completion of the transaction, the chief financial officer now directly owns 29,611 shares in the company, valued at approximately $1,917,608.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Peter B. Crawford sold 5,500 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $65.71, for a total transaction of $361,405.00. Following the completion of the sale, the chief financial officer now directly owns 24,111 shares of the company’s stock, valued at approximately $1,584,333.81. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Peter B. Crawford sold 8,000 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $64.76, for a total transaction of $518,080.00. Following the sale, the chief financial officer now directly owns 29,611 shares of the company’s stock, valued at $1,917,608.36. The disclosure for this sale can be found here. In the last three months, insiders sold 514,459 shares of company stock worth $36,371,155. Insiders own 6.60% of the company’s stock.

Hedge Funds Weigh In On Charles Schwab

Several large investors have recently modified their holdings of the stock. Sweet Financial Partners LLC raised its stake in Charles Schwab by 3.5% during the first quarter. Sweet Financial Partners LLC now owns 4,430 shares of the financial services provider’s stock worth $320,000 after acquiring an additional 150 shares during the period. Ironwood Financial llc increased its stake in shares of Charles Schwab by 1.6% in the first quarter. Ironwood Financial llc now owns 10,186 shares of the financial services provider’s stock valued at $737,000 after purchasing an additional 160 shares during the period. Courier Capital LLC increased its stake in shares of Charles Schwab by 0.4% in the fourth quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider’s stock valued at $3,133,000 after purchasing an additional 161 shares during the period. Sugarloaf Wealth Management LLC increased its stake in shares of Charles Schwab by 60.0% in 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 period. Finally, Sculati Wealth Management LLC increased its stake in shares of Charles Schwab by 0.4% in the fourth quarter. Sculati Wealth Management LLC now owns 42,971 shares of the financial services provider’s stock valued at $2,956,000 after purchasing an additional 165 shares during the period. Institutional investors own 84.38% of the company’s stock.

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.