The Charles Schwab Corporation (NYSE:SCHW) Receives Consensus Recommendation of “Moderate Buy” from Analysts

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

Several research firms have recently weighed in on SCHW. Citigroup reissued a “market outperform” rating on shares of Charles Schwab in a research note on Wednesday, July 22nd. Zacks Research downgraded shares of Charles Schwab from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Charles Schwab in a research note on Wednesday, July 22nd. Raymond James Financial restated an “outperform” rating and set a $145.00 target price on shares of Charles Schwab in a report on Wednesday, July 22nd. Finally, Piper Sandler set a $118.00 price target on Charles Schwab in a research report on Tuesday, July 21st.

Insider Buying and Selling

In other news, Director Paula A. Sneed sold 5,263 shares of Charles Schwab stock in a transaction on Friday, August 7th. The stock was sold at an average price of $107.15, for a total transaction of $563,930.45. Following the transaction, the director owned 91,711 shares in the company, valued at $9,826,833.65. The trade was a 5.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jonathan S. Beatty sold 1,000 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $111.33, for a total transaction of $111,330.00. Following the transaction, the insider directly owned 10,738 shares in the company, valued at approximately $1,195,461.54. The trade was a 8.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 649,582 shares of company stock worth $69,948,015 over the last quarter. Corporate insiders own 6.30% of the company’s stock.

Hedge Funds Weigh In On Charles Schwab

Several large investors have recently modified their holdings of the business. Silicon Valley Capital Partners grew its stake in shares of Charles Schwab by 24.6% in the second quarter. Silicon Valley Capital Partners now owns 156,949 shares of the financial services provider’s stock worth $14,482,000 after acquiring an additional 30,981 shares in the last quarter. Security National Bank of SO Dak acquired a new stake in shares of Charles Schwab in the second quarter valued at $102,000. Anchor Investment Management LLC raised its stake in shares of Charles Schwab by 10.1% in the second quarter. Anchor Investment Management LLC now owns 42,549 shares of the financial services provider’s stock valued at $3,926,000 after acquiring an additional 3,917 shares in the last quarter. Community Bank N.A. boosted its holdings in Charles Schwab by 36.2% in the second quarter. Community Bank N.A. now owns 1,250 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 332 shares during the period. Finally, Pointe Capital Management LLC boosted its holdings in Charles Schwab by 3.7% in the second quarter. Pointe Capital Management LLC now owns 5,461 shares of the financial services provider’s stock valued at $504,000 after purchasing an additional 197 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Stock Down 0.7%

NYSE SCHW opened at $98.81 on Tuesday. The business has a fifty day moving average price of $106.85 and a 200 day moving average price of $97.84. Charles Schwab has a one year low of $83.96 and a one year high of $114.53. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.64 and a current ratio of 0.64. The company has a market cap of $170.88 billion, a P/E ratio of 17.97, a P/E/G ratio of 0.86 and a beta of 0.76.

Charles Schwab (NYSE:SCHW) last announced its 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. Charles Schwab had a net margin of 38.79% and a return on equity of 24.53%. The company had revenue of $7.07 billion for the quarter, compared to analysts’ expectations of $6.90 billion. During the same quarter in the previous year, the company posted $1.14 EPS. The firm’s quarterly revenue was up 20.9% on a year-over-year basis. Research analysts anticipate that Charles Schwab will post 6.46 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

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

About Charles Schwab

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.