Analysts Set The Charles Schwab Corporation (NYSE:SCHW) Target Price at $98.65

The Charles Schwab Corporation (NYSE:SCHW - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the twenty-one ratings firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $98.65.

Several research analysts recently commented on SCHW shares. Bank of America increased their price objective on Charles Schwab from $83.00 to $84.00 and gave the company an "underperform" rating in a research note on Monday. Raymond James Financial reaffirmed an "outperform" rating and issued a $99.00 target price on shares of Charles Schwab in a research note on Friday, July 18th. Barclays raised their target price on Charles Schwab from $106.00 to $113.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Citigroup raised their target price on Charles Schwab from $105.00 to $110.00 and gave the stock a "buy" rating in a research note on Monday. Finally, TD Securities raised their target price on Charles Schwab from $95.00 to $113.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th.

Insiders Place Their Bets

In other news, insider Nigel J. Murtagh sold 20,872 shares of Charles Schwab stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $90.01, for a total transaction of $1,878,688.72. Following the transaction, the insider owned 58,999 shares in the company, valued at approximately $5,310,499.99. The trade was a 26.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Paul V. Woolway sold 10,129 shares of Charles Schwab stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $90.01, for a total value of $911,711.29. Following the sale, the insider directly owned 39,154 shares of the company's stock, valued at approximately $3,524,251.54. The trade was a 20.55% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 116,313 shares of company stock worth $10,264,091. Corporate insiders own 6.30% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Pine Haven Investment Counsel Inc lifted its position in shares of Charles Schwab by 0.3% during the 2nd quarter. Pine Haven Investment Counsel Inc now owns 41,793 shares of the financial services provider's stock worth $3,813,000 after purchasing an additional 110 shares during the last quarter. Traveka Wealth LLC lifted its position in shares of Charles Schwab by 4.3% during the 2nd quarter. Traveka Wealth LLC now owns 2,841 shares of the financial services provider's stock worth $259,000 after purchasing an additional 117 shares during the last quarter. Bank of Stockton lifted its position in shares of Charles Schwab by 1.2% during the 2nd quarter. Bank of Stockton now owns 10,593 shares of the financial services provider's stock worth $967,000 after purchasing an additional 123 shares during the last quarter. Sheaff Brock Investment Advisors LLC lifted its position in shares of Charles Schwab by 1.6% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 7,986 shares of the financial services provider's stock worth $625,000 after purchasing an additional 129 shares during the last quarter. Finally, HM Payson & Co. lifted its position in shares of Charles Schwab by 0.7% during the 1st quarter. HM Payson & Co. now owns 19,271 shares of the financial services provider's stock worth $1,509,000 after purchasing an additional 130 shares during the last quarter. 84.38% of the stock is owned by institutional investors.

Charles Schwab Stock Performance

Charles Schwab stock traded up $1.39 during mid-day trading on Thursday, hitting $96.54. The company had a trading volume of 9,042,432 shares, compared to its average volume of 8,724,406. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.53. Charles Schwab has a 12-month low of $61.15 and a 12-month high of $97.50. The company's fifty day moving average is $90.17 and its 200-day moving average is $82.64. The company has a market capitalization of $175.41 billion, a price-to-earnings ratio of 25.95, a P/E/G ratio of 0.91 and a beta of 0.93.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings data on Friday, July 18th. The financial services provider reported $1.14 EPS for the quarter, topping the consensus estimate of $1.10 by $0.04. The business had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.64 billion. Charles Schwab had a return on equity of 19.73% and a net margin of 33.68%. The business's quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.73 EPS. Equities research analysts predict that Charles Schwab will post 4.22 EPS for the current year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, August 8th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.12%. Charles Schwab's dividend payout ratio (DPR) is presently 29.03%.

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.