The Charles Schwab Corporation (NYSE:SCHW) Stock Has Consensus Target Price of $121.17 According to Analysts

Shares of The Charles Schwab Corporation (NYSE:SCHW) have received a consensus recommendation of “Moderate Buy” from the twenty-one research firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, sixteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $121.17.

SCHW has been the subject of several research analyst reports. Piper Sandler set a $118.00 target price on shares of Charles Schwab in a research note on Tuesday, July 21st. Zacks Research cut shares of Charles Schwab from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Citigroup reissued a “market outperform” rating on shares of Charles Schwab in a report on Wednesday, July 22nd. UBS Group set a $135.00 price objective on Charles Schwab in a research report on Monday, August 3rd. Finally, Weiss Ratings raised Charles Schwab from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, September 10th.

Charles Schwab Trading Down 0.8%

SCHW stock opened at $98.19 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.64 and a quick ratio of 0.64. Charles Schwab has a 1-year low of $83.96 and a 1-year high of $114.53. The business has a 50 day simple moving average of $106.75 and a two-hundred day simple moving average of $97.90. The company has a market capitalization of $169.81 billion, a price-to-earnings ratio of 17.85, a PEG ratio of 0.86 and a beta of 0.76.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.06. Charles Schwab had a net margin of 38.79% and a return on equity of 24.53%. The firm had revenue of $7.07 billion for the quarter, compared to analysts’ expectations of $6.90 billion. During the same quarter last year, the business posted $1.14 earnings per share. The company’s revenue for the quarter was up 20.9% compared to the same quarter last year. Research analysts anticipate that Charles Schwab will post 6.46 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, August 14th. Charles Schwab’s dividend payout ratio (DPR) is currently 23.27%.

Insiders Place Their Bets

In other news, Chairman Walter W. Bettinger sold 74,388 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $110.91, for a total transaction of $8,250,373.08. Following the completion of the transaction, the chairman directly owned 610,360 shares in the company, valued at approximately $67,695,027.60. This represents a 10.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jonathan S. Beatty sold 1,000 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $111.33, for a total transaction of $111,330.00. Following the completion of the transaction, the insider directly owned 10,738 shares of the company’s stock, valued at approximately $1,195,461.54. This trade represents a 8.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 649,582 shares of company stock worth $69,948,015. Insiders own 6.30% of the company’s stock.

Hedge Funds Weigh In On Charles Schwab

Institutional investors have recently bought and sold shares of the business. Silicon Valley Capital Partners grew its stake in shares of Charles Schwab by 24.6% in the 2nd quarter. Silicon Valley Capital Partners now owns 156,949 shares of the financial services provider’s stock worth $14,482,000 after buying an additional 30,981 shares in the last quarter. Security National Bank of SO Dak purchased a new stake in shares of Charles Schwab during the 2nd quarter valued at about $102,000. Anchor Investment Management LLC raised its position in shares of Charles Schwab by 10.1% during the 2nd quarter. Anchor Investment Management LLC now owns 42,549 shares of the financial services provider’s stock valued at $3,926,000 after buying an additional 3,917 shares in the last quarter. Community Bank N.A. raised its position in shares of Charles Schwab by 36.2% during the 2nd quarter. Community Bank N.A. now owns 1,250 shares of the financial services provider’s stock valued at $115,000 after buying an additional 332 shares in the last quarter. Finally, Pointe Capital Management LLC lifted its holdings in shares of Charles Schwab by 3.7% in the 2nd quarter. Pointe Capital Management LLC now owns 5,461 shares of the financial services provider’s stock valued at $504,000 after acquiring an additional 197 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

About Charles Schwab

Charles Schwab Corporation (NYSE:SCHW) is a financial services company that provides brokerage, investment, banking and wealth management services to individual investors, employers, institutions and independent investment advisors. Its offerings include online and mobile trading, securities brokerage, retirement accounts, financial planning, portfolio management, banking products, research and access to mutual funds and exchange-traded funds.

The company operates through businesses including Schwab Brokerage, Schwab Wealth Advisory, Schwab Asset Management and Charles Schwab Bank.