Charles Schwab - SCHW Stock Forecast, Price & News

The Charles Schwab Corporation, together with its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates in two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage, investment advisory, banking and trust, retirement plan, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor and mutual fund clearing services, as well as compliance solutions. The Advisor Services segment offers custodial, trading, banking, and support services; and retirement business and corporate brokerage retirement services. This segment provides brokerage accounts with equity and fixed income, margin lending, options, and futures and forex trading; cash management capabilities comprising third-party certificates of deposit; third-party and proprietary mutual funds; plus mutual fund trading and clearing services; and exchange-traded funds (ETFs), including proprietary and third-party ETFs. It also offers advice solutions, such as managed portfolios of proprietary and third-party mutual funds and ETFs, separately managed accounts, customized personal advice for tailored portfolios, and specialized planning and portfolio management. In addition, this segment provides banking products and services, including checking and savings accounts, first lien residential real estate mortgage loans, home equity lines of credit, and pledged asset lines; and trust services comprising trust custody services, personal trust reporting services, and administrative trustee services. As of December 31, 2021, the Company had approximately 400 domestic branch offices in 48 states and the District of Columbia, as well as locations in Puerto Rico, the United Kingdom, Hong Kong, and Singapore. The Charles Schwab Corporation was incorporated in 1971 and is headquartered in Westlake, Texas.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SCHW. The Goldman Sachs Group began coverage on Charles Schwab in a research note on Tuesday, April 26th. They issued a "neutral" rating and a $75.00 price objective for the company. Morgan Stanley cut their target price on Charles Schwab from $98.00 to $93.00 and set an "overweight" rating on the stock in a research report on Monday, August 1st. Redburn Partners initiated coverage on Charles Schwab in a research report on Thursday, June 23rd. They set a "neutral" rating on the stock. Piper Sandler cut their target price on Charles Schwab from $110.00 to $100.00 and set an "overweight" rating on the stock in a research report on Friday, April 22nd. Finally, UBS Group raised their target price on Charles Schwab from $75.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday, July 29th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $92.42.

Charles Schwab Stock Performance

SCHW traded up $2.43 during trading on Friday, hitting $75.00. 15,009,817 shares of the stock were exchanged, compared to its average volume of 7,802,601. The firm has a market capitalization of $136.33 billion, a P/E ratio of 24.67, a PEG ratio of 0.90 and a beta of 1.10. Charles Schwab has a 1-year low of $59.35 and a 1-year high of $96.24. The stock has a fifty day moving average price of $64.53 and a two-hundred day moving average price of $74.12. The company has a quick ratio of 0.44, a current ratio of 0.41 and a debt-to-equity ratio of 0.62.

Charles Schwab (NYSE:SCHW - Get Rating) last released its earnings results on Monday, July 18th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.91 by $0.06. The business had revenue of $5.09 billion for the quarter, compared to analyst estimates of $5.04 billion. Charles Schwab had a return on equity of 16.82% and a net margin of 33.09%. The company's revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 earnings per share. As a group, sell-side analysts predict that Charles Schwab will post 3.91 earnings per share for the current year.

Charles Schwab Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Friday, August 12th will be issued a $0.22 dividend. The ex-dividend date is Thursday, August 11th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.17%. This is a positive change from Charles Schwab's previous quarterly dividend of $0.20. Charles Schwab's payout ratio is presently 28.95%.

Insider Activity

In other news, Chairman Charles R. Schwab sold 149,600 shares of the business's stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $65.36, for a total value of $9,777,856.00. Following the transaction, the chairman now owns 69,749,230 shares of the company's stock, valued at $4,558,809,672.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Chairman Charles R. Schwab sold 120,000 shares of Charles Schwab stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $62.70, for a total value of $7,524,000.00. Following the sale, the chairman now directly owns 71,083,305 shares in the company, valued at $4,456,923,223.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Charles R. Schwab sold 149,600 shares of Charles Schwab stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $65.36, for a total value of $9,777,856.00. Following the completion of the sale, the chairman now owns 69,749,230 shares in the company, valued at $4,558,809,672.80. The disclosure for this sale can be found here. Corporate insiders own 7.50% of the company's stock.