Analysts Set The Charles Schwab Corporation (NYSE:SCHW) PT at $120.78

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

Several research firms recently commented on SCHW. UBS Group set a $135.00 target price on shares of Charles Schwab in a report on Monday, August 3rd. JPMorgan Chase & Co. upped their price target on shares of Charles Schwab from $128.00 to $131.00 and gave the company an “overweight” rating in a report on Friday, April 17th. Wolfe Research reaffirmed an “outperform” rating and set a $127.00 price target on shares of Charles Schwab in a research report on Tuesday, July 21st. Raymond James Financial reaffirmed an “outperform” rating and issued a $145.00 target price on shares of Charles Schwab in a research report on Wednesday, July 22nd. Finally, TD Cowen lifted their price target on Charles Schwab from $108.00 to $109.00 and gave the company a “buy” rating in a research report on Friday, May 15th.

Charles Schwab Price Performance

SCHW stock opened at $107.55 on Monday. The stock has a market cap of $187.04 billion, a PE ratio of 19.55, a P/E/G ratio of 0.82 and a beta of 0.76. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.62 and a quick ratio of 0.62. Charles Schwab has a one year low of $83.96 and a one year high of $109.05. The firm has a 50 day simple moving average of $97.28 and a two-hundred day simple moving average of $95.60.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.06. The firm had revenue of $7.07 billion during the quarter, compared to analyst estimates of $6.90 billion. Charles Schwab had a return on equity of 24.73% and a net margin of 38.79%.The company’s revenue was up 20.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.14 earnings per share. On average, analysts predict that Charles Schwab will post 6.46 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a $0.32 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.28 annualized dividend and a dividend yield of 1.2%. Charles Schwab’s dividend payout ratio is presently 23.27%.

Insider Transactions at Charles Schwab

In related news, Chairman Walter W. Bettinger sold 93,408 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $104.64, for a total transaction of $9,774,213.12. Following the completion of the sale, the chairman owned 529,346 shares of the company’s stock, valued at $55,390,765.44. This trade represents a 15.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Peter J. Morgan III sold 6,952 shares of the business’s stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $102.03, for a total value of $709,312.56. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 363,848 shares of company stock valued at $37,874,706. 6.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Dogwood Wealth Management LLC boosted its stake in 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 purchasing an additional 123 shares during the period. Optima Capital LLC bought a new stake in shares of Charles Schwab in the 4th quarter worth about $30,000. Scarborough Advisors LLC bought a new stake in Charles Schwab during the first quarter worth approximately $29,000. McIlrath & Eck LLC raised its holdings in Charles Schwab by 143.2% during the 4th quarter. McIlrath & Eck LLC now owns 321 shares of the financial services provider’s stock valued at $32,000 after buying an additional 189 shares during the period. Finally, Main Street Group LTD purchased a new stake in shares of Charles Schwab in the first quarter valued at $33,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

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.