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

The Charles Schwab Co. (NYSE:SCHW - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eighteen research firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, one has given a hold rating and fifteen have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $89.63.

A number of equities analysts have recently commented on SCHW shares. Morgan Stanley raised their price objective on shares of Charles Schwab from $76.00 to $83.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. JMP Securities restated a "market outperform" rating and set a $94.00 price target on shares of Charles Schwab in a research note on Monday, April 21st. The Goldman Sachs Group raised Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 price objective on the stock in a report on Friday, April 25th. Wells Fargo & Company dropped their target price on Charles Schwab from $93.00 to $87.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. raised their target price on Charles Schwab from $92.00 to $95.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st.

Charles Schwab Stock Down 0.4%

SCHW stock traded down $0.32 during trading hours on Wednesday, hitting $87.17. The company's stock had a trading volume of 6,171,875 shares, compared to its average volume of 10,834,753. The stock has a 50 day moving average price of $81.35 and a two-hundred day moving average price of $79.54. Charles Schwab has a 12 month low of $61.01 and a 12 month high of $89.85. The company has a market capitalization of $158.38 billion, a PE ratio of 29.15, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.

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

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Friday, May 9th. Charles Schwab's payout ratio is presently 32.73%.

Insider Transactions at Charles Schwab

In other Charles Schwab news, insider Paul V. Woolway sold 3,290 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $87.68, for a total transaction of $288,467.20. Following the sale, the insider now directly owns 39,154 shares of the company's stock, valued at $3,433,022.72. The trade was a 7.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Peter J. Morgan III sold 10,176 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $87.39, for a total transaction of $889,280.64. The disclosure for this sale can be found here. Insiders have sold a total of 97,608 shares of company stock worth $8,392,040 in the last ninety days. Insiders own 6.30% of the company's stock.

Institutional Trading of Charles Schwab

A number of institutional investors have recently modified their holdings of the company. Cary Street Partners Financial LLC purchased a new stake in shares of Charles Schwab during the 4th quarter valued at $1,455,000. Asset Management One Co. Ltd. raised its stake in Charles Schwab by 7.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 637,957 shares of the financial services provider's stock valued at $47,674,000 after buying an additional 43,308 shares during the last quarter. Banco Santander S.A. boosted its holdings in Charles Schwab by 49.6% in the fourth quarter. Banco Santander S.A. now owns 16,316 shares of the financial services provider's stock worth $1,208,000 after acquiring an additional 5,413 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Charles Schwab by 0.6% during the fourth quarter. Bank of New York Mellon Corp now owns 10,438,852 shares of the financial services provider's stock worth $772,579,000 after acquiring an additional 60,683 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC increased its holdings in shares of Charles Schwab by 217.0% during the fourth quarter. Paradigm Asset Management Co. LLC now owns 48,350 shares of the financial services provider's stock valued at $3,578,000 after acquiring an additional 33,100 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors.

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.