The Charles Schwab Corporation (NYSE:SCHW) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of The Charles Schwab Corporation (NYSE:SCHW) have been given a consensus recommendation of “Moderate Buy” by the twenty-one brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $121.1667.

A number of analysts have commented on the stock. Raymond James Financial restated an “outperform” rating and set a $145.00 price target on shares of Charles Schwab in a research report on Wednesday, July 22nd. Morgan Stanley increased their price objective on shares of Charles Schwab from $133.00 to $136.00 and gave the company an “overweight” rating in a report on Monday, July 27th. UBS Group set a $135.00 price objective on shares of Charles Schwab in a research note on Monday. Compass Point assumed coverage on Charles Schwab in a report on Monday, August 3rd. They set a “buy” rating and a $135.00 target price on the stock. Finally, Barclays upped their target price on Charles Schwab from $122.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd.

Insider Buying and Selling at Charles Schwab

In related news, insider Dennis Howard sold 28,000 shares of Charles Schwab stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $105.01, for a total transaction of $2,940,280.00. Following the transaction, the insider directly owned 10,470 shares of the company’s stock, valued at $1,099,454.70. The trade was a 72.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Walter W. Bettinger sold 192,488 shares of the business’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $103.90, for a total transaction of $19,999,503.20. Following the completion of the sale, the chairman owned 529,346 shares in the company, valued at approximately $54,999,049.40. This trade represents a 26.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 363,848 shares of company stock valued at $37,874,706. Corporate insiders own 6.30% of the company’s stock.

Institutional Trading of Charles Schwab

Large investors have recently added to or reduced their stakes in the business. Dogwood Wealth Management LLC grew its holdings in shares of Charles Schwab by 99.2% in the 4th quarter. Dogwood Wealth Management LLC now owns 247 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 123 shares during the last quarter. Scarborough Advisors LLC acquired a new position in shares of Charles Schwab in the 1st quarter valued at $29,000. Optima Capital LLC acquired a new position in shares of Charles Schwab in the 4th quarter valued at $30,000. McIlrath & Eck LLC increased its stake in Charles Schwab by 143.2% in the 4th quarter. McIlrath & Eck LLC now owns 321 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 189 shares in the last quarter. Finally, Main Street Group LTD purchased a new position in Charles Schwab in the 1st quarter worth about $33,000. 84.38% of the stock is currently owned by institutional investors.

Charles Schwab Trading Down 0.1%

NYSE:SCHW opened at $107.55 on Monday. The stock has a market cap of $187.04 billion, a price-to-earnings ratio of 19.55, a PEG ratio of 0.82 and a beta of 0.76. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.62 and a current ratio of 0.62. Charles Schwab has a 1 year low of $83.96 and a 1 year high of $109.05. The business has a fifty day moving average of $97.28 and a 200-day moving average of $95.66.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.06. The business had revenue of $7.07 billion for the quarter, compared to analysts’ expectations of $6.90 billion. Charles Schwab had a net margin of 38.79% and a return on equity of 24.73%. The company’s revenue was up 20.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.14 earnings per share. Equities analysts predict that Charles Schwab will post 6.46 earnings per share for the current year.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 14th. Charles Schwab’s payout ratio is currently 23.27%.

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.