The Charles Schwab Corporation (NYSE:SCHW) Receives $89.40 Consensus Target Price from Analysts

Shares of The Charles Schwab Corporation (NYSE:SCHW - Get Free Report) have been assigned an average rating of "Moderate Buy" from the nineteen research firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $89.40.

A number of research analysts have recently issued reports on the company. Wells Fargo & Company dropped their price objective 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. TD Securities lifted their target price on Charles Schwab from $95.00 to $113.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Truist Financial increased their price target on Charles Schwab from $97.00 to $100.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Keefe, Bruyette & Woods lifted their price objective on shares of Charles Schwab from $90.00 to $93.00 and gave the company an "outperform" rating in a research note on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. increased their target price on shares of Charles Schwab from $92.00 to $95.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st.

Insider Activity at Charles Schwab

In other news, Director Frank C. Herringer sold 3,592 shares of the stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $74.26, for a total value of $266,741.92. Following the completion of the sale, the director now owns 172,162 shares in the company, valued at $12,784,750.12. This represents a 2.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Paul V. Woolway sold 3,380 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $77.43, for a total transaction of $261,713.40. Following the transaction, the insider now directly owns 45,824 shares in the company, valued at $3,548,152.32. The trade was a 6.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 119,995 shares of company stock valued at $10,493,320. 6.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Charles Schwab

Several institutional investors and hedge funds have recently added to or reduced their stakes in SCHW. Brighton Jones LLC boosted its holdings in shares of Charles Schwab by 380.5% in the 4th quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider's stock worth $1,794,000 after buying an additional 19,195 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in Charles Schwab in the fourth quarter worth about $46,000. Proficio Capital Partners LLC bought a new stake in Charles Schwab in the fourth quarter worth about $32,643,000. QRG Capital Management Inc. boosted its stake in Charles Schwab by 7.9% in the fourth quarter. QRG Capital Management Inc. now owns 26,699 shares of the financial services provider's stock valued at $1,976,000 after acquiring an additional 1,954 shares during the last quarter. Finally, Private Trust Co. NA grew its position in shares of Charles Schwab by 6.1% during the 4th quarter. Private Trust Co. NA now owns 5,368 shares of the financial services provider's stock valued at $397,000 after acquiring an additional 309 shares during the period. Hedge funds and other institutional investors own 84.38% of the company's stock.

Charles Schwab Trading Up 0.6%

Charles Schwab stock traded up $0.58 during mid-day trading on Friday, hitting $90.02. 9,335,355 shares of the stock were exchanged, compared to its average volume of 9,511,640. The stock has a market capitalization of $163.56 billion, a price-to-earnings ratio of 27.28, a PEG ratio of 0.96 and a beta of 0.94. Charles Schwab has a 12 month low of $61.01 and a 12 month high of $90.86. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.53. The firm's fifty day simple moving average is $86.10 and its two-hundred day simple moving average is $80.38.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.03. The business had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.46 billion. Charles Schwab had a net margin of 31.71% and a return on equity of 18.31%. During the same quarter last year, the firm earned $0.74 earnings per share. Analysts forecast that Charles Schwab will post 4.22 EPS for the current year.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were issued a $0.27 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.20%. Charles Schwab's dividend payout ratio 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.