Brokerages Set The Charles Schwab Corporation (NYSE:SCHW) Target Price at $108.37

Shares of The Charles Schwab Corporation (NYSE:SCHW) have been assigned an average recommendation of “Moderate Buy” from the twenty-three brokerages that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $108.8421.

A number of brokerages have recently commented on SCHW. The Goldman Sachs Group reiterated a “buy” rating and issued a $114.00 target price on shares of Charles Schwab in a report on Friday, October 17th. Morgan Stanley lifted their price objective on shares of Charles Schwab from $139.00 to $148.00 and gave the stock an “overweight” rating in a research note on Monday, December 22nd. Keefe, Bruyette & Woods boosted their price objective on shares of Charles Schwab from $109.00 to $111.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. TD Cowen raised their target price on shares of Charles Schwab from $129.00 to $134.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Charles Schwab from $119.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, October 17th.

Insider Buying and Selling

In related news, insider Jonathan S. Beatty sold 3,072 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $98.00, for a total transaction of $301,056.00. Following the completion of the sale, the insider directly owned 11,923 shares of the company’s stock, valued at approximately $1,168,454. This trade represents a 20.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul V. Woolway sold 3,205 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $93.33, for a total value of $299,122.65. Following the completion of the transaction, the insider directly owned 34,778 shares in the company, valued at $3,245,830.74. This trade represents a 8.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 6.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Charles Schwab

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SCHW. Princeton Global Asset Management LLC bought a new position in Charles Schwab in the 2nd quarter worth about $25,000. RMG Wealth Management LLC purchased a new stake in shares of Charles Schwab in the second quarter valued at approximately $27,000. West Branch Capital LLC bought a new position in Charles Schwab in the third quarter worth approximately $27,000. Mid American Wealth Advisory Group Inc. bought a new position in Charles Schwab in the second quarter worth approximately $32,000. Finally, Hoese & Co LLP increased its holdings in Charles Schwab by 131.6% during the 2nd quarter. Hoese & Co LLP now owns 352 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 200 shares during the period. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Performance

Charles Schwab stock opened at $101.92 on Friday. The company’s 50-day moving average price is $94.96 and its 200-day moving average price is $94.22. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.47. The company has a market cap of $181.10 billion, a PE ratio of 23.87, a price-to-earnings-growth ratio of 0.83 and a beta of 0.96. Charles Schwab has a twelve month low of $65.88 and a twelve month high of $102.28.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.06. Charles Schwab had a net margin of 35.93% and a return on equity of 21.02%. The firm had revenue of $6.38 billion during the quarter, compared to the consensus estimate of $5.93 billion. During the same quarter last year, the firm earned $0.71 EPS. The firm’s revenue for the quarter was up 26.6% compared to the same quarter last year. On average, equities research analysts forecast that Charles Schwab will post 4.22 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, November 14th. Charles Schwab’s dividend payout ratio is presently 25.29%.

About Charles Schwab

Charles Schwab Corporation (NYSE: SCHW) is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.