Charles Schwab - SCHW Stock Forecast, Price & News

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Charles Schwab in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SCHW shares.
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16 brokerages have issued 12 month target prices for Charles Schwab's stock. Their SCHW share price forecasts range from $60.00 to $99.00. On average, they predict the company's share price to reach $85.04 in the next twelve months. This suggests a possible upside of 51.6% from the stock's current price.
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Charles Schwab's stock was trading at $83.26 at the beginning of the year. Since then, SCHW stock has decreased by 32.6% and is now trading at $56.11.
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The company is scheduled to release its next quarterly earnings announcement on Monday, April 17th 2023.
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The Charles Schwab Co. (NYSE:SCHW) issued its earnings results on Wednesday, January, 18th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.10 by $0.03. The financial services provider earned $5.50 billion during the quarter, compared to analyst estimates of $5.55 billion. Charles Schwab had a trailing twelve-month return on equity of 24.94% and a net margin of 34.60%. The company's revenue for the quarter was up 16.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.86 EPS.

Charles Schwab announced a quarterly dividend on Thursday, January 26th. Investors of record on Friday, February 10th will be paid a dividend of $0.25 per share on Friday, February 24th. This represents a $1.00 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend is Thursday, February 9th. This is an increase from the stock's previous quarterly dividend of $0.22.
Read our dividend analysis for SCHW.

ETFs with the largest weight of Charles Schwab (NYSE:SCHW) stock in their portfolio include iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI), Amplify Digital & Online Trading ETF (BIDS), Gabelli Growth Innovators ETF (GGRW), Leatherback Long/Short Alternative Yield ETF (LBAY), Guru Favorite Stocks ETF (GFGF), American Customer Satisfaction ETF (ACSI), iShares U.S. Financial Services ETF (IYG) and Financial Select Sector SPDR Fund (XLF).

Charles Schwab (NYSE:SCHW) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.77%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 28.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SCHW will have a dividend payout ratio of 19.27% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SCHW.

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), Micron Technology (MU), Citigroup (C), Honeywell International (HON), 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 Toronto Dominion Bank (12.45%), Price T Rowe Associates Inc. MD (2.20%), Geode Capital Management LLC (1.47%), Morgan Stanley (1.23%), Alliancebernstein L.P. (1.06%) and CIBC Private Wealth Group LLC (0.92%). Insiders that own company stock include Bernard J Clark, Carolyn Schwab-Pomerantz, Charles A Ruffel, Charles R Schwab, Christopher V Dodds, Frank C Herringer, 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, Todd M Ricketts, 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 $56.11.

Charles Schwab (NYSE:SCHW) has a market capitalization of $100.52 billion and generates $20.76 billion in revenue each year. The financial services provider earns $7.18 billion in net income (profit) each year or $3.50 on an earnings per share basis.

The company employs 35,300 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.