Shares of Charles Schwab Co. (NYSE:SCHW) have received a consensus rating of “Hold” from the twenty brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $56.39.

SCHW has been the subject of several recent analyst reports. Morgan Stanley dropped their price objective on Charles Schwab from $66.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, November 14th. Zacks Investment Research lowered Charles Schwab from a “buy” rating to a “hold” rating in a research note on Tuesday. UBS Group lowered Charles Schwab from a “buy” rating to a “neutral” rating in a research note on Monday, November 19th. Deutsche Bank upgraded Charles Schwab from a “hold” rating to a “buy” rating and increased their price objective for the stock from $52.00 to $54.00 in a research note on Tuesday, October 30th. Finally, Raymond James upgraded Charles Schwab from a “market perform” rating to an “outperform” rating and set a $54.00 target price for the company in a research note on Tuesday, October 30th. They noted that the move was a valuation call.

In related news, EVP Terri R. Kallsen sold 4,913 shares of the firm’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $46.09, for a total value of $226,440.17. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Jonathan M. Craig sold 2,629 shares of the firm’s stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $48.84, for a total value of $128,400.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 411,366 shares of company stock worth $19,333,819. 11.50% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. IFG Advisory LLC lifted its holdings in shares of Charles Schwab by 11.3% during the 2nd quarter. IFG Advisory LLC now owns 10,087 shares of the financial services provider’s stock valued at $515,000 after purchasing an additional 1,026 shares in the last quarter. HCR Wealth Advisors lifted its holdings in shares of Charles Schwab by 2.9% during the 3rd quarter. HCR Wealth Advisors now owns 38,224 shares of the financial services provider’s stock valued at $1,730,000 after purchasing an additional 1,081 shares in the last quarter. Gs Investments Inc. lifted its holdings in shares of Charles Schwab by 2.2% during the 3rd quarter. Gs Investments Inc. now owns 50,805 shares of the financial services provider’s stock valued at $2,497,000 after purchasing an additional 1,090 shares in the last quarter. Bbva Compass Bancshares Inc. lifted its holdings in shares of Charles Schwab by 8.1% during the 2nd quarter. Bbva Compass Bancshares Inc. now owns 14,972 shares of the financial services provider’s stock valued at $765,000 after purchasing an additional 1,121 shares in the last quarter. Finally, Tower Bridge Advisors lifted its holdings in shares of Charles Schwab by 0.5% during the 3rd quarter. Tower Bridge Advisors now owns 244,541 shares of the financial services provider’s stock valued at $12,019,000 after purchasing an additional 1,127 shares in the last quarter. Institutional investors and hedge funds own 79.51% of the company’s stock.

Charles Schwab stock traded down $1.13 during mid-day trading on Monday, hitting $41.47. 9,476,163 shares of the company were exchanged, compared to its average volume of 7,824,851. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.29 and a quick ratio of 0.29. Charles Schwab has a 1-year low of $41.13 and a 1-year high of $60.22. The firm has a market capitalization of $57.53 billion, a P/E ratio of 25.29, a P/E/G ratio of 1.06 and a beta of 1.45.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Monday, October 15th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.65. Charles Schwab had a return on equity of 19.02% and a net margin of 32.65%. The firm had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same period in the prior year, the company posted $0.42 earnings per share. The business’s revenue for the quarter was up 19.1% compared to the same quarter last year. On average, equities research analysts predict that Charles Schwab will post 2.44 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 23rd. Investors of record on Friday, November 9th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.25%. The ex-dividend date was Thursday, November 8th. Charles Schwab’s dividend payout ratio is 31.71%.

Charles Schwab declared that its board has initiated a stock repurchase plan on Thursday, October 25th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to reacquire up to 1.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

About Charles Schwab

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.

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Analyst Recommendations for Charles Schwab (NYSE:SCHW)

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