Charles Schwab - SCHW Stock Forecast, Price & News

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Charles Schwab in the last twelve months. There are currently 6 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SCHW shares.
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16 analysts have issued 1-year price targets for Charles Schwab's stock. Their SCHW share price forecasts range from $75.00 to $104.00. On average, they predict the company's stock price to reach $91.92 in the next twelve months. This suggests a possible upside of 14.5% from the stock's current price.
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Charles Schwab's stock was trading at $84.10 at the beginning of the year. Since then, SCHW stock has decreased by 4.6% and is now trading at $80.25.
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Charles Schwab saw a drop in short interest in the month of October. As of October 31st, there was short interest totaling 14,610,000 shares, a drop of 21.5% from the October 15th total of 18,620,000 shares. Based on an average trading volume of 7,670,000 shares, the days-to-cover ratio is currently 1.9 days. Currently, 0.9% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 17th 2023.
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The Charles Schwab Co. (NYSE:SCHW) announced its earnings results on Monday, October, 17th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.05 by $0.05. The financial services provider had revenue of $5.50 billion for the quarter, compared to analysts' expectations of $5.42 billion. Charles Schwab had a net margin of 34.02% and a trailing twelve-month return on equity of 20.59%. Charles Schwab's quarterly revenue was up 20.4% on a year-over-year basis. During the same period last year, the business earned $0.84 EPS.

Charles Schwab announced a quarterly dividend on Wednesday, October 26th. Stockholders of record on Friday, November 11th will be paid a dividend of $0.22 per share on Friday, November 25th. This represents a $0.88 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Wednesday, November 9th.
Read our dividend analysis for SCHW.

Charles Schwab (NYSE:SCHW) pays an annual dividend of $0.88 per share and currently has a dividend yield of 1.10%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 26.75%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SCHW will have a dividend payout ratio of 17.96% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SCHW.

Charles Schwab issued an update on its third quarter 2022 earnings guidance on Friday, October, 14th. The company provided EPS guidance of for the period. The company issued revenue guidance of $5.26 billion-$5.35 billion, compared to the consensus revenue estimate of $5.40 billion.

1,585 employees have rated Charles Schwab Chief Executive Officer Walt Bettinger II on Glassdoor.com. Walt Bettinger II has an approval rating of 90% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Charles Schwab investors own include Chipotle Mexican Grill (CMG), Endologix (ELGX), APA (APA), Micron Technology (MU), Citigroup (C), JPMorgan Chase & Co. (JPM), Wells Fargo & Company (WFC), Accenture (ACN) and Bank of America (BAC).

Charles Schwab trades on the New York Stock Exchange (NYSE) under the ticker symbol "SCHW."

Charles Schwab's stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (6.85%), State Street Corp (3.61%), Price T Rowe Associates Inc. MD (2.80%), Massachusetts Financial Services Co. MA (1.75%), Alliancebernstein L.P. (1.14%) and Nuveen Asset Management LLC (0.94%). Insiders that own company stock include Bernard J Clark, Carolyn Schwab-Pomerantz, Charles A Ruffel, Charles R Schwab, Christopher V Dodds, Joan Dea, Jonathan M Craig, Jonathan M Craig, Joseph R Martinetto, Mark A Goldfarb, Nigel J Murtagh, Nigel J Murtagh, Paula A Sneed, Peter B Crawford, Peter J Morgan III, Richard A Wurster, Roger O Walther, Stephen T Mclin, Walter W Bettinger, Walter W Bettinger and William S Haraf.
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Shares of SCHW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SCHW stock can currently be purchased for approximately $80.25.

Charles Schwab (NYSE:SCHW) has a market capitalization of $145.72 billion and generates $18.52 billion in revenue each year. The financial services provider earns $5.86 billion in net income (profit) each year or $3.29 on an earnings per share basis.

The company employs 33,400 workers across the globe.

Charles Schwab's mailing address is 211 MAIN STREET, SAN FRANCISCO CA, 94105. The official website for the company is www.aboutschwab.com. The financial services provider can be reached via phone at (817) 859-5000, via email at investor.relations@schwab.com, or via fax at 415-627-8538.