Charles Schwab Co. (NYSE:SCHW) has been assigned an average rating of “Hold” from the eighteen research firms that are presently covering the company, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $42.90.

Several brokerages have weighed in on SCHW. Compass Point cut Charles Schwab from a “buy” rating to a “neutral” rating and set a $35.00 price objective on the stock. in a research note on Wednesday, May 20th. Wolfe Research raised Charles Schwab from an “underperform” rating to a “peer perform” rating and set a $36.00 price objective on the stock in a research note on Thursday, July 9th. Raymond James reaffirmed a “hold” rating on shares of Charles Schwab in a research note on Thursday, August 6th. Bank of America cut their target price on Charles Schwab from $38.00 to $37.00 and set a “neutral” rating on the stock in a research note on Friday, July 10th. Finally, TheStreet cut Charles Schwab from a “b-” rating to a “c” rating in a research note on Monday, July 27th.

Shares of SCHW stock opened at $34.75 on Friday. Charles Schwab has a 12-month low of $28.00 and a 12-month high of $51.65. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.33. The stock’s 50-day moving average price is $34.84 and its 200-day moving average price is $35.10. The stock has a market capitalization of $44.78 billion, a price-to-earnings ratio of 14.60 and a beta of 1.17.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Thursday, July 16th. The financial services provider reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.01. Charles Schwab had a return on equity of 15.86% and a net margin of 31.48%. The company had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.48 billion. During the same period in the previous year, the firm posted $0.66 earnings per share. The firm’s revenue for the quarter was down 8.6% on a year-over-year basis. As a group, research analysts predict that Charles Schwab will post 2.13 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 7th were issued a $0.18 dividend. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.07%. Charles Schwab’s payout ratio is 26.47%.

In other Charles Schwab news, Chairman Charles R. Schwab sold 200,000 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $34.11, for a total transaction of $6,822,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles A. Ruffel bought 2,854 shares of the stock in a transaction on Wednesday, July 22nd. The shares were bought at an average price of $34.91 per share, with a total value of $99,633.14. Following the acquisition, the director now owns 7,751 shares of the company’s stock, valued at $270,587.41. The disclosure for this purchase can be found here. 10.80% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the business. Ameritas Investment Company LLC acquired a new position in shares of Charles Schwab during the first quarter worth $29,000. Mine & Arao Wealth Creation & Management LLC. acquired a new position in shares of Charles Schwab during the first quarter worth $32,000. AGF Investments LLC acquired a new position in shares of Charles Schwab during the first quarter worth $33,000. Flagship Harbor Advisors LLC increased its position in shares of Charles Schwab by 37.4% during the first quarter. Flagship Harbor Advisors LLC now owns 1,105 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 301 shares in the last quarter. Finally, Edge Wealth Management LLC increased its position in shares of Charles Schwab by 500.0% during the second quarter. Edge Wealth Management LLC now owns 1,200 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors own 85.31% of the company’s stock.

About Charles Schwab

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, 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, retirement plan, and mutual fund clearing services.

Further Reading: Price to Earnings Ratio (PE) Basics

Analyst Recommendations for Charles Schwab (NYSE:SCHW)

Receive News & Ratings for Charles Schwab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charles Schwab and related companies with MarketBeat.com's FREE daily email newsletter.