The Charles Schwab Co. (NYSE:SCHW) Given Average Rating of "Moderate Buy" by Brokerages

The Charles Schwab Co. (NYSE:SCHW - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the seventeen research firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $87.22.

A number of equities analysts recently issued reports on SCHW shares. The Goldman Sachs Group upgraded Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 target price for the company in a research note on Friday, April 25th. Citigroup raised shares of Charles Schwab from a "neutral" rating to a "buy" rating and upped their price objective for the company from $85.00 to $102.00 in a report on Wednesday, April 2nd. Piper Sandler increased their price target on Charles Schwab from $74.00 to $80.00 in a research report on Thursday, April 17th. Wells Fargo & Company lowered their target price on Charles Schwab from $93.00 to $87.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Morgan Stanley raised Charles Schwab from an "equal weight" rating to an "overweight" rating and set a $76.00 price target for the company in a report on Tuesday, April 8th.

Insider Activity

In related news, Chairman Walter W. Bettinger sold 464,629 shares of the firm's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the completion of the sale, the chairman now directly owns 827,377 shares in the company, valued at approximately $67,770,450.07. This trade represents a 35.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jonathan M. Craig sold 9,559 shares of the business's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $82.00, for a total transaction of $783,838.00. The disclosure for this sale can be found here. Insiders sold 503,041 shares of company stock worth $41,072,558 over the last three months. Insiders own 6.30% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SCHW. Atwood & Palmer Inc. purchased a new stake in Charles Schwab during the first quarter worth about $25,000. Westside Investment Management Inc. grew its position in shares of Charles Schwab by 75.0% during the first quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider's stock worth $27,000 after buying an additional 150 shares in the last quarter. WFA Asset Management Corp purchased a new stake in shares of Charles Schwab during the first quarter worth approximately $33,000. Cornerstone Planning Group LLC raised its holdings in Charles Schwab by 90.5% in the first quarter. Cornerstone Planning Group LLC now owns 463 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 220 shares in the last quarter. Finally, Beacon Capital Management LLC lifted its stake in Charles Schwab by 53.1% in the first quarter. Beacon Capital Management LLC now owns 487 shares of the financial services provider's stock worth $38,000 after acquiring an additional 169 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company's stock.

Charles Schwab Stock Up 1.0%

Shares of NYSE:SCHW traded up $0.85 on Friday, reaching $85.32. The company had a trading volume of 9,421,246 shares, compared to its average volume of 9,413,174. 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 has a market capitalization of $154.73 billion, a PE ratio of 28.53, a PEG ratio of 0.99 and a beta of 0.90. Charles Schwab has a 52-week low of $61.01 and a 52-week high of $87.84. The firm's 50 day simple moving average is $77.48 and its 200-day simple moving average is $77.92.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.01 by $0.03. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The firm had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.46 billion. During the same quarter in the prior year, the business posted $0.74 EPS. As a group, analysts expect that Charles Schwab will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 1.27%. Charles Schwab's dividend payout ratio (DPR) is presently 32.73%.

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.