The Charles Schwab Corporation (NYSE:SCHW) Receives $112.24 Average Price Target from Analysts

The Charles Schwab Corporation (NYSE:SCHW) has been assigned a consensus rating of “Moderate Buy” from the twenty-four brokerages that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, seventeen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $114.45.

SCHW has been the subject of a number of analyst reports. Citizens Jmp boosted their price target on Charles Schwab from $110.00 to $120.00 and gave the company a “market outperform” rating in a report on Monday, January 12th. Keefe, Bruyette & Woods boosted their target price on shares of Charles Schwab from $109.00 to $111.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Weiss Ratings reissued a “hold (c+)” rating on shares of Charles Schwab in a report on Wednesday, October 8th. Cowen restated a “buy” rating on shares of Charles Schwab in a research report on Wednesday, January 14th. Finally, Morgan Stanley upped their price objective on shares of Charles Schwab from $139.00 to $148.00 and gave the stock an “overweight” rating in a research report on Monday, December 22nd.

Insider Transactions at Charles Schwab

In other Charles Schwab 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 value of $301,056.00. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Charles Schwab

A number of institutional investors have recently added to or reduced their stakes in the stock. Federated Hermes Inc. raised its position in Charles Schwab by 2,112.7% during the second quarter. Federated Hermes Inc. now owns 181,793 shares of the financial services provider’s stock worth $16,587,000 after acquiring an additional 173,577 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of Charles Schwab by 26.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 190,538 shares of the financial services provider’s stock worth $17,387,000 after purchasing an additional 40,275 shares in the last quarter. Figure 8 Investment Strategies LLC acquired a new position in shares of Charles Schwab during the 2nd quarter worth approximately $924,000. PFG Investments LLC lifted its stake in Charles Schwab by 10.2% in the 2nd quarter. PFG Investments LLC now owns 5,951 shares of the financial services provider’s stock valued at $543,000 after buying an additional 550 shares in the last quarter. Finally, W.H. Cornerstone Investments Inc. acquired a new stake in Charles Schwab during the 2nd quarter valued at $246,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Stock Performance

NYSE SCHW opened at $103.83 on Thursday. The firm has a market capitalization of $184.50 billion, a P/E ratio of 24.32, a PEG ratio of 0.71 and a beta of 0.94. The stock has a 50-day simple moving average of $97.32 and a two-hundred day simple moving average of $95.64. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.58 and a current ratio of 0.58. Charles Schwab has a fifty-two week low of $65.88 and a fifty-two week high of $104.98.

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.08 dividend on an annualized basis and a yield of 1.0%. Charles Schwab’s dividend payout ratio is presently 25.29%.

Charles Schwab Company Profile

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.