The Charles Schwab Co. (NYSE:SCHW) Receives Average Rating of "Hold" from Analysts

Shares of The Charles Schwab Co. (NYSE:SCHW - Get Free Report) have been assigned a consensus rating of "Hold" from the fourteen analysts that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $74.47.

A number of equities research analysts have recently issued reports on the stock. Barclays increased their price target on shares of Charles Schwab from $74.00 to $75.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 16th. TD Cowen raised their price target on shares of Charles Schwab from $87.00 to $92.00 and gave the company a "buy" rating in a report on Tuesday, April 16th. JMP Securities reaffirmed a "market outperform" rating and issued a $80.00 price target on shares of Charles Schwab in a report on Tuesday, April 16th. Raymond James dropped their price objective on Charles Schwab from $78.00 to $75.00 and set an "outperform" rating for the company in a research note on Thursday, January 18th. Finally, Citigroup raised their price target on Charles Schwab from $70.00 to $75.00 and gave the company a "neutral" rating in a report on Thursday, April 11th.

Insiders Place Their Bets

In other news, General Counsel Peter J. Morgan III sold 24,520 shares of the firm's stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $72.23, for a total transaction of $1,771,079.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Charles Schwab news, General Counsel Peter J. Morgan III sold 24,520 shares of the business's stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $72.23, for a total value of $1,771,079.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Peter B. Crawford sold 8,000 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 29,611 shares in the company, valued at approximately $1,917,608.36. The disclosure for this sale can be found here. Insiders sold 514,459 shares of company stock valued at $36,371,155 over the last three months. Insiders own 6.60% of the company's stock.

Hedge Funds Weigh In On Charles Schwab

Hedge funds and other institutional investors have recently modified their holdings of the company. Sweet Financial Partners LLC lifted its stake in Charles Schwab by 3.5% in 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 lifted its position in shares of Charles Schwab by 1.6% in the 1st quarter. Ironwood Financial llc now owns 10,186 shares of the financial services provider's stock worth $737,000 after purchasing an additional 160 shares during the period. Courier Capital LLC lifted its position in shares of Charles Schwab by 0.4% in the 4th quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider's stock worth $3,133,000 after purchasing an additional 161 shares during the period. Sugarloaf Wealth Management LLC boosted its stake in shares of Charles Schwab by 60.0% during the 4th 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 in the last quarter. Finally, Sculati Wealth Management LLC increased its position in shares of Charles Schwab by 0.4% during 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 buying an additional 165 shares during the period. 84.38% of the stock is owned by institutional investors.

Charles Schwab Stock Performance

Shares of SCHW traded down $0.62 during trading hours on Tuesday, hitting $73.94. The company's stock had a trading volume of 6,725,134 shares, compared to its average volume of 7,696,079. The business has a 50 day simple moving average of $70.09 and a two-hundred day simple moving average of $64.33. The company has a market cap of $131.32 billion, a price-to-earnings ratio of 30.94, a PEG ratio of 1.10 and a beta of 1.01. Charles Schwab has a 52-week low of $45.65 and a 52-week high of $75.55. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Thursday, May 9th. Charles Schwab's dividend payout ratio is currently 41.84%.

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.