The Charles Schwab Corporation (NYSE:SCHW) Receives $112.24 Consensus Target Price from Brokerages

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

Several research firms have recently issued reports on SCHW. Weiss Ratings reissued a “hold (c+)” rating on shares of Charles Schwab in a research report on Wednesday, October 8th. Wolfe Research set a $120.00 target price on shares of Charles Schwab in a report on Monday, January 12th. JMP Securities reaffirmed a “market outperform” rating and issued a $110.00 price target on shares of Charles Schwab in a report on Friday, October 17th. Raymond James Financial reiterated an “outperform” rating and issued a $114.00 price target on shares of Charles Schwab in a research report on Monday, January 5th. Finally, Citizens Jmp increased their price objective on Charles Schwab from $110.00 to $120.00 and gave the stock a “market outperform” rating in a report on Monday, January 12th.

Get Our Latest Stock Analysis on Charles Schwab

Insiders Place Their Bets

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,000 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $102.01, for a total value of $204,020.00. Following the sale, the insider directly owned 11,923 shares in the company, valued at $1,216,265.23. This represents a 14.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 6.30% of the company’s stock.

Institutional Trading of Charles Schwab

Several institutional investors and hedge funds have recently modified their holdings of the business. Aberdeen Group plc increased its position in shares of Charles Schwab by 39.3% in the fourth quarter. Aberdeen Group plc now owns 1,346,939 shares of the financial services provider’s stock worth $134,573,000 after purchasing an additional 380,074 shares during the last quarter. Earned Wealth Advisors LLC grew its stake in Charles Schwab by 3.3% in the 4th quarter. Earned Wealth Advisors LLC now owns 3,486 shares of the financial services provider’s stock worth $348,000 after buying an additional 112 shares in the last quarter. HF Advisory Group LLC increased its holdings in shares of Charles Schwab by 470.2% in the 4th quarter. HF Advisory Group LLC now owns 211,910 shares of the financial services provider’s stock worth $21,172,000 after buying an additional 174,748 shares during the last quarter. Piscataqua Savings Bank purchased a new stake in shares of Charles Schwab during the 4th quarter valued at $26,000. Finally, Bank Pictet & Cie Europe AG grew its position in Charles Schwab by 6.2% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 19,207 shares of the financial services provider’s stock worth $1,919,000 after acquiring an additional 1,123 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

More Charles Schwab News

Here are the key news stories impacting Charles Schwab this week:

Charles Schwab Price Performance

Charles Schwab stock opened at $103.83 on Thursday. The business’s 50 day simple moving average is $97.15 and its 200 day simple moving average is $95.52. Charles Schwab has a 12 month low of $65.88 and a 12 month high of $104.98. The company has a market cap of $184.50 billion, a price-to-earnings ratio of 24.32, a PEG ratio of 0.71 and a beta of 0.94. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.47.

Charles Schwab (NYSE:SCHWGet Free Report) last issued its earnings results on Thursday, October 16th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.06. Charles Schwab had a return on equity of 21.02% and a net margin of 35.93%.The firm had revenue of $6.38 billion for the quarter, compared to analyst estimates of $5.93 billion. During the same period in the previous year, the company posted $0.71 earnings per share. The business’s revenue was up 26.6% on a year-over-year basis. Sell-side analysts forecast that Charles Schwab will post 4.22 EPS for the current year.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, November 14th. Charles Schwab’s dividend payout ratio (DPR) is 25.29%.

Charles Schwab Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Charles Schwab (NYSE:SCHW)

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