The Charles Schwab Corporation (NYSE:SCHW) Stock Has Consensus Price Target of $121.17 According to Brokerages

The Charles Schwab Corporation (NYSE:SCHW) has received a consensus recommendation of “Moderate Buy” from the twenty-one research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, sixteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $121.17.

Several research firms have issued reports on SCHW. Raymond James Financial reaffirmed an “outperform” rating and set a $145.00 price target on shares of Charles Schwab in a research report on Wednesday, July 22nd. BMO Capital Markets downgraded shares of Charles Schwab from an “outperform” rating to a “market perform” rating and set a $105.00 price objective for the company. in a research report on Monday, July 20th. Morgan Stanley boosted their price objective on shares of Charles Schwab from $133.00 to $136.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. Piper Sandler set a $118.00 target price on shares of Charles Schwab in a research note on Tuesday, July 21st. Finally, Barclays lifted their price target on Charles Schwab from $122.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday, July 22nd.

Charles Schwab Trading Down 0.1%

Charles Schwab stock opened at $99.42 on Tuesday. The company has a market cap of $171.92 billion, a price-to-earnings ratio of 18.08, a P/E/G ratio of 0.87 and a beta of 0.76. The firm has a 50-day moving average of $106.90 and a 200-day moving average of $97.84. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.64 and a quick ratio of 0.64. Charles Schwab has a one year low of $83.96 and a one year high of $114.53.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.06. Charles Schwab had a return on equity of 24.53% and a net margin of 38.79%.The business had revenue of $7.07 billion for the quarter, compared to the consensus estimate of $6.90 billion. During the same quarter in the previous year, the business earned $1.14 earnings per share. Charles Schwab’s quarterly revenue was up 20.9% on a year-over-year basis. On average, equities analysts expect that Charles Schwab will post 6.46 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, August 14th. Charles Schwab’s dividend payout ratio (DPR) is presently 23.27%.

Insider Activity at Charles Schwab

In other Charles Schwab news, insider Nigel J. Murtagh sold 32,947 shares of the firm’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $104.01, for a total transaction of $3,426,817.47. Following the completion of the sale, the insider owned 57,972 shares of the company’s stock, valued at $6,029,667.72. This trade represents a 36.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paula A. Sneed sold 5,263 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $107.15, for a total transaction of $563,930.45. Following the completion of the transaction, the director owned 91,711 shares in the company, valued at approximately $9,826,833.65. This represents a 5.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 649,582 shares of company stock worth $69,948,015 in the last three months. 6.30% of the stock is owned by company insiders.

Institutional Trading of Charles Schwab

A number of hedge funds have recently modified their holdings of the stock. Compass Financial Management LLC acquired a new stake in Charles Schwab during the second quarter worth approximately $27,000. Scarborough Advisors LLC acquired a new position in shares of Charles Schwab in the first quarter valued at approximately $29,000. Main Street Group LTD bought a new position in shares of Charles Schwab during the first quarter worth approximately $33,000. SHP Wealth Management bought a new position in shares of Charles Schwab during the fourth quarter worth approximately $42,000. Finally, J.Safra Asset Management Corp acquired a new stake in Charles Schwab during the 2nd quarter worth approximately $39,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Company Profile

The Charles Schwab Corporation is a financial services company that provides investment, wealth management and banking services to individual investors, financial professionals, employers and institutions. Its offerings include brokerage accounts, retirement accounts, investment advisory services, mutual funds, exchange-traded funds, stocks, bonds and other securities.

Through Charles Schwab Bank and related platforms, the company also provides deposit accounts, lending and cash-management services.