Brokerages Set The Charles Schwab Co. (NYSE:SCHW) Target Price at $78.81

The Charles Schwab Co. (NYSE:SCHW) has been given a consensus rating of “Hold” by the sixteen brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $79.75.

Several analysts have recently issued reports on SCHW shares. Raymond James lowered their price target on shares of Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. JPMorgan Chase & Co. increased their target price on Charles Schwab from $86.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft lifted their price target on Charles Schwab from $77.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Morgan Stanley increased their price objective on Charles Schwab from $68.00 to $74.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Finally, Barclays raised Charles Schwab from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $74.00 to $95.00 in a report on Monday, December 9th.

Insider Activity

In related news, Chairman Charles R. Schwab sold 62,345 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $72.52, for a total transaction of $4,521,259.40. Following the transaction, the chairman now directly owns 60,619,371 shares of the company’s stock, valued at approximately $4,396,116,784.92. This trade represents a 0.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jonathan S. Beatty sold 2,300 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $82.01, for a total value of $188,623.00. Following the completion of the sale, the insider now directly owns 18,069 shares of the company’s stock, valued at approximately $1,481,838.69. This represents a 11.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 127,968 shares of company stock worth $9,419,271. 6.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Charles Schwab

Several hedge funds have recently added to or reduced their stakes in SCHW. B. Riley Wealth Advisors Inc. lifted its stake in shares of Charles Schwab by 75.4% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 43,784 shares of the financial services provider’s stock valued at $2,804,000 after acquiring an additional 18,825 shares during the last quarter. Franklin Resources Inc. increased its stake in Charles Schwab by 15.0% in the 3rd quarter. Franklin Resources Inc. now owns 24,261,234 shares of the financial services provider’s stock worth $1,644,674,000 after purchasing an additional 3,157,923 shares during the period. Synovus Financial Corp lifted its position in Charles Schwab by 46.0% in the third quarter. Synovus Financial Corp now owns 67,889 shares of the financial services provider’s stock valued at $4,400,000 after purchasing an additional 21,377 shares during the last quarter. Tidal Investments LLC boosted its stake in shares of Charles Schwab by 8.4% during the third quarter. Tidal Investments LLC now owns 119,185 shares of the financial services provider’s stock valued at $7,724,000 after purchasing an additional 9,245 shares during the period. Finally, Wilmington Savings Fund Society FSB grew its holdings in shares of Charles Schwab by 69.0% in the third quarter. Wilmington Savings Fund Society FSB now owns 74,073 shares of the financial services provider’s stock worth $4,801,000 after purchasing an additional 30,237 shares during the last quarter. 84.38% of the stock is owned by institutional investors.

Charles Schwab Trading Down 4.0 %

NYSE:SCHW opened at $79.54 on Wednesday. Charles Schwab has a 12 month low of $59.67 and a 12 month high of $83.35. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The firm’s 50 day moving average is $75.84 and its 200 day moving average is $70.45. The stock has a market capitalization of $141.55 billion, a PE ratio of 31.07, a price-to-earnings-growth ratio of 1.76 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The firm had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.78 billion. During the same quarter in the prior year, the firm earned $0.77 EPS. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. Sell-side analysts expect that Charles Schwab will post 3.12 earnings per share for the current year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.26%. Charles Schwab’s dividend payout ratio is presently 39.06%.

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.