The Charles Schwab Co. (NYSE:SCHW) Receives $73.59 Consensus Target Price from Brokerages

The Charles Schwab Co. (NYSE:SCHW) has been given an average rating of “Hold” by the seventeen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $73.94.

SCHW has been the topic of a number of research reports. JMP Securities raised their price target on Charles Schwab from $82.00 to $84.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft dropped their target price on Charles Schwab from $77.00 to $76.00 in a research report on Tuesday, October 15th. Citigroup cut their price target on Charles Schwab from $75.00 to $72.00 and set a “neutral” rating for the company in a research note on Friday, September 27th. Morgan Stanley raised their price objective on shares of Charles Schwab from $68.00 to $74.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, Keefe, Bruyette & Woods upped their target price on shares of Charles Schwab from $76.00 to $81.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th.

Insider Buying and Selling

In related news, Director Carolyn Schwab-Pomerantz sold 29,800 shares of the company’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $72.16, for a total transaction of $2,150,368.00. Following the completion of the transaction, the director now owns 551,329 shares in the company, valued at approximately $39,783,900.64. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Carolyn Schwab-Pomerantz sold 29,800 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $72.16, for a total transaction of $2,150,368.00. Following the sale, the director now directly owns 551,329 shares of the company’s stock, valued at $39,783,900.64. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Charles R. Schwab sold 62,345 shares of the firm’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $72.52, for a total transaction of $4,521,259.40. Following the completion of the transaction, the chairman now directly owns 60,619,371 shares of the company’s stock, valued at approximately $4,396,116,784.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 182,001 shares of company stock valued at $12,512,592. Corporate insiders own 6.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SCHW. Nisa Investment Advisors LLC increased its stake in Charles Schwab by 14.3% during the third quarter. Nisa Investment Advisors LLC now owns 459,464 shares of the financial services provider’s stock worth $29,778,000 after acquiring an additional 57,420 shares during the last quarter. TCI Wealth Advisors Inc. raised its holdings in Charles Schwab by 23.6% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 15,830 shares of the financial services provider’s stock valued at $1,026,000 after buying an additional 3,020 shares during the period. Patriot Financial Group Insurance Agency LLC raised its holdings in Charles Schwab by 1.0% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 43,683 shares of the financial services provider’s stock valued at $2,831,000 after buying an additional 417 shares during the period. Concord Wealth Partners lifted its position in Charles Schwab by 106.6% in the third quarter. Concord Wealth Partners now owns 1,998 shares of the financial services provider’s stock worth $129,000 after buying an additional 1,031 shares during the last quarter. Finally, Klein Pavlis & Peasley Financial Inc. boosted its stake in Charles Schwab by 27.6% during the third quarter. Klein Pavlis & Peasley Financial Inc. now owns 56,569 shares of the financial services provider’s stock worth $3,666,000 after buying an additional 12,244 shares during the period. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Price Performance

Shares of NYSE:SCHW opened at $72.59 on Tuesday. The business has a 50-day simple moving average of $65.45 and a two-hundred day simple moving average of $69.50. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.42 and a current ratio of 0.42. The firm has a market cap of $129.01 billion, a price-to-earnings ratio of 30.37, a price-to-earnings-growth ratio of 1.63 and a beta of 0.97. Charles Schwab has a fifty-two week low of $48.66 and a fifty-two week high of $79.49.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. Charles Schwab had a net margin of 27.47% and a return on equity of 17.52%. The company had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter in the prior year, the firm earned $0.77 earnings per share. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, analysts expect that Charles Schwab will post 3.11 earnings per share for the current year.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.38%. The ex-dividend date is Friday, November 8th. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

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.