Analysts Set The Charles Schwab Co. (NYSE:SCHW) PT at $78.81

Shares of The Charles Schwab Co. (NYSE:SCHW) have been assigned a consensus rating of “Hold” from the sixteen ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $79.75.

Several equities research analysts have commented on the stock. Wells Fargo & Company upped their price objective on shares of Charles Schwab from $75.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday. Citigroup dropped their target price on Charles Schwab from $75.00 to $72.00 and set a “neutral” rating on the stock in a research report on Friday, September 27th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Charles Schwab from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Barclays raised Charles Schwab from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $74.00 to $95.00 in a report on Monday, December 9th. Finally, Jefferies Financial Group raised their price target on Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, December 9th.

Charles Schwab Trading Down 4.0 %

NYSE:SCHW opened at $79.54 on Wednesday. Charles Schwab has a 12 month low of $59.67 and a 12 month high of $83.35. 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 firm’s 50 day moving average is $75.55 and its 200 day moving average is $70.41. The stock has a market capitalization of $141.55 billion, a PE ratio of 31.07, a price-to-earnings-growth ratio of 1.79 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.02. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same period in the previous year, the company posted $0.77 earnings per share. The business’s revenue was up 5.2% on a year-over-year basis. Sell-side analysts expect that Charles Schwab will post 3.12 earnings per share for the current year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors 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 annualized dividend and a dividend yield of 1.26%. Charles Schwab’s payout ratio is currently 39.06%.

Insiders Place Their Bets

In other news, insider Jonathan S. Beatty sold 2,300 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $82.01, for a total transaction of $188,623.00. Following the completion of the transaction, the insider now directly owns 18,069 shares of the company’s stock, valued at $1,481,838.69. The trade was a 11.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total value of $576,450.00. Following the completion of the transaction, the director now directly owns 554,929 shares in the company, valued at approximately $35,543,202.45. This represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 127,968 shares of company stock valued at $9,419,271. 6.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Charles Schwab

A number of hedge funds have recently made changes to their positions in the business. B. Riley Wealth Advisors Inc. lifted its stake in Charles Schwab by 75.4% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 43,784 shares of the financial services provider’s stock worth $2,804,000 after purchasing an additional 18,825 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Charles Schwab by 15.0% in the third quarter. Franklin Resources Inc. now owns 24,261,234 shares of the financial services provider’s stock worth $1,644,674,000 after buying an additional 3,157,923 shares in the last quarter. Synovus Financial Corp boosted its stake in Charles Schwab by 46.0% during the third quarter. Synovus Financial Corp now owns 67,889 shares of the financial services provider’s stock valued at $4,400,000 after buying an additional 21,377 shares during the last quarter. Tidal Investments LLC grew its holdings in Charles Schwab by 8.4% during the 3rd quarter. Tidal Investments LLC now owns 119,185 shares of the financial services provider’s stock valued at $7,724,000 after buying an additional 9,245 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB increased its stake in Charles Schwab by 69.0% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 74,073 shares of the financial services provider’s stock worth $4,801,000 after acquiring an additional 30,237 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Company Profile

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.