The Charles Schwab Co. (NYSE:SCHW) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of The Charles Schwab Co. (NYSE:SCHW) have been given a consensus recommendation of “Moderate Buy” by the seventeen brokerages that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $85.56.

Several equities research analysts have recently weighed in on SCHW shares. Morgan Stanley raised Charles Schwab from an “equal weight” rating to an “overweight” rating and set a $76.00 price objective for the company in a report on Tuesday, April 8th. Piper Sandler raised their price objective on shares of Charles Schwab from $74.00 to $80.00 in a research report on Thursday, April 17th. Truist Financial reduced their target price on shares of Charles Schwab from $85.00 to $84.00 and set a “buy” rating for the company in a report on Monday. Deutsche Bank Aktiengesellschaft raised their price target on Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Finally, TD Cowen raised Charles Schwab from a “hold” rating to a “buy” rating and upped their price objective for the company from $88.00 to $103.00 in a research note on Tuesday, February 18th.

Insiders Place Their Bets

In other Charles Schwab news, insider Paul V. Woolway sold 3,380 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $77.43, for a total value of $261,713.40. Following the transaction, the insider now directly owns 45,824 shares in the company, valued at approximately $3,548,152.32. This represents a 6.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Walter W. Bettinger sold 464,629 shares of Charles Schwab stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the sale, the chairman now owns 827,377 shares of the company’s stock, valued at approximately $67,770,450.07. This trade represents a 35.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 513,081 shares of company stock valued at $41,903,066. Corporate insiders own 6.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SCHW. Gladstone Institutional Advisory LLC boosted its holdings in shares of Charles Schwab by 2.0% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 6,247 shares of the financial services provider’s stock valued at $462,000 after purchasing an additional 124 shares during the last quarter. N.E.W. Advisory Services LLC raised its holdings in shares of Charles Schwab by 1.7% in the 4th quarter. N.E.W. Advisory Services LLC now owns 7,522 shares of the financial services provider’s stock worth $557,000 after purchasing an additional 125 shares during the period. Klingman & Associates LLC grew its holdings in shares of Charles Schwab by 3.2% during the 4th quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider’s stock worth $302,000 after purchasing an additional 125 shares during the period. Investors Asset Management of Georgia Inc. GA ADV increased its position in Charles Schwab by 2.7% during the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 4,763 shares of the financial services provider’s stock worth $353,000 after purchasing an additional 127 shares in the last quarter. Finally, Personal CFO Solutions LLC grew its stake in Charles Schwab by 1.2% during the fourth quarter. Personal CFO Solutions LLC now owns 11,236 shares of the financial services provider’s stock worth $832,000 after buying an additional 130 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Stock Down 1.3 %

Shares of NYSE:SCHW opened at $75.13 on Tuesday. The firm has a 50 day simple moving average of $77.02 and a 200-day simple moving average of $76.74. Charles Schwab has a twelve month low of $61.01 and a twelve month high of $84.50. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $136.25 billion, a PE ratio of 25.13, a P/E/G ratio of 0.99 and a beta of 0.91.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. The business had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.46 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. During the same quarter in the previous year, the firm earned $0.74 earnings per share. On average, equities analysts predict that Charles Schwab will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.27 per share. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Friday, February 14th. Charles Schwab’s payout ratio is currently 36.12%.

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.