Shares of Charles Schwab Co. (NYSE:SCHW) have earned a consensus rating of “Buy” from the sixteen brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $53.22.

SCHW has been the subject of several analyst reports. ValuEngine upgraded Charles Schwab from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Deutsche Bank reduced their target price on Charles Schwab from $54.00 to $53.00 and set a “buy” rating for the company in a report on Friday, March 15th. Zacks Investment Research upgraded Charles Schwab from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a report on Thursday, February 7th. Bank of America set a $50.00 target price on Charles Schwab and gave the stock a “buy” rating in a report on Tuesday, April 9th. Finally, Wells Fargo & Co reduced their target price on Charles Schwab from $48.00 to $47.00 and set a “market perform” rating for the company in a report on Friday, April 5th.

Shares of Charles Schwab stock traded up $0.02 during trading on Monday, hitting $41.63. 7,048,410 shares of the stock traded hands, compared to its average volume of 6,609,651. The firm has a market cap of $55.55 billion, a price-to-earnings ratio of 16.99, a P/E/G ratio of 1.91 and a beta of 1.35. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.33 and a quick ratio of 0.33. Charles Schwab has a twelve month low of $37.83 and a twelve month high of $58.25.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.03. Charles Schwab had a return on equity of 20.47% and a net margin of 35.27%. The business had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same period in the previous year, the company earned $0.55 EPS. The firm’s revenue was up 13.6% on a year-over-year basis. As a group, equities research analysts predict that Charles Schwab will post 2.77 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 29th. Stockholders of record on Wednesday, May 15th were issued a dividend of $0.17 per share. The ex-dividend date was Tuesday, May 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.63%. Charles Schwab’s dividend payout ratio (DPR) is presently 27.76%.

In other news, CEO Marie A. Chandoha sold 45,046 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $45.48, for a total transaction of $2,048,692.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen T. Mclin sold 4,356 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $43.85, for a total value of $191,010.60. Following the transaction, the director now owns 7,592 shares of the company’s stock, valued at $332,909.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 902,968 shares of company stock valued at $41,216,135. Corporate insiders own 10.90% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SCHW. Vanguard Group Inc increased its position in shares of Charles Schwab by 0.9% during the third quarter. Vanguard Group Inc now owns 88,586,138 shares of the financial services provider’s stock valued at $4,354,008,000 after purchasing an additional 820,257 shares during the period. Northwest Investment Counselors LLC increased its position in shares of Charles Schwab by 1.4% during the fourth quarter. Northwest Investment Counselors LLC now owns 24,016 shares of the financial services provider’s stock valued at $997,000 after purchasing an additional 330 shares during the period. Hills Bank & Trust Co. increased its position in shares of Charles Schwab by 3.5% during the fourth quarter. Hills Bank & Trust Co. now owns 36,712 shares of the financial services provider’s stock valued at $1,525,000 after purchasing an additional 1,244 shares during the period. McGuire Investment Group LLC increased its position in shares of Charles Schwab by 0.6% during the fourth quarter. McGuire Investment Group LLC now owns 165,036 shares of the financial services provider’s stock valued at $6,854,000 after purchasing an additional 1,057 shares during the period. Finally, Provident Trust Co. increased its position in shares of Charles Schwab by 10.5% during the fourth quarter. Provident Trust Co. now owns 3,426,751 shares of the financial services provider’s stock valued at $142,313,000 after purchasing an additional 324,464 shares during the period. Institutional investors and hedge funds own 78.95% of the company’s stock.

Charles Schwab Company Profile

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.

Further Reading: Buyback For Investors Defined

Analyst Recommendations for Charles Schwab (NYSE:SCHW)

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