Charles Schwab Co. (SCHW) Receives Average Rating of “Buy” from Analysts

Shares of Charles Schwab Co. (NYSE:SCHW) have been given a consensus rating of “Buy” by the twenty brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $56.29.

Several research firms have weighed in on SCHW. Morgan Stanley boosted their target price on shares of Charles Schwab from $65.00 to $66.00 and gave the company a “buy” rating in a report on Tuesday, October 9th. Wolfe Research began coverage on shares of Charles Schwab in a report on Tuesday, September 25th. They issued an “underperform” rating on the stock. Zacks Investment Research upgraded shares of Charles Schwab from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Wednesday, October 3rd. UBS Group lowered shares of Charles Schwab from a “buy” rating to a “neutral” rating in a report on Monday, November 19th. Finally, Barclays decreased their target price on shares of Charles Schwab from $65.00 to $57.00 and set an “overweight” rating on the stock in a report on Monday, October 22nd.

In other news, insider Marie A. Chandoha sold 8,424 shares of the business’s stock in a transaction that occurred on Tuesday, October 16th. The shares were sold at an average price of $48.01, for a total value of $404,436.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Marie A. Chandoha sold 12,400 shares of the business’s stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of $47.18, for a total transaction of $585,032.00. The disclosure for this sale can be found here. Insiders sold a total of 406,453 shares of company stock worth $19,107,379 over the last three months. Insiders own 11.50% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Pittenger & Anderson Inc. increased its stake in Charles Schwab by 1.2% during the 2nd quarter. Pittenger & Anderson Inc. now owns 164,316 shares of the financial services provider’s stock worth $8,397,000 after buying an additional 1,995 shares during the period. IFM Investors Pty Ltd increased its stake in Charles Schwab by 17.2% during the 3rd quarter. IFM Investors Pty Ltd now owns 64,168 shares of the financial services provider’s stock worth $3,154,000 after buying an additional 9,395 shares during the period. Asset Advisors Investment Management LLC purchased a new stake in Charles Schwab during the 3rd quarter worth approximately $8,604,000. Point72 Hong Kong Ltd purchased a new stake in Charles Schwab during the 2nd quarter worth approximately $134,000. Finally, Argent Trust Co increased its stake in Charles Schwab by 55.8% during the 2nd quarter. Argent Trust Co now owns 26,167 shares of the financial services provider’s stock worth $1,337,000 after buying an additional 9,377 shares during the period. 79.51% of the stock is currently owned by institutional investors and hedge funds.

NYSE:SCHW traded up $0.84 on Monday, hitting $45.64. The stock had a trading volume of 538,099 shares, compared to its average volume of 7,354,014. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a market capitalization of $60.50 billion, a price-to-earnings ratio of 27.79, a PEG ratio of 1.12 and a beta of 1.45. Charles Schwab has a 1-year low of $42.01 and a 1-year high of $60.22.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Monday, October 15th. The financial services provider reported $0.65 earnings per share for the quarter, meeting the consensus estimate of $0.65. The company had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.58 billion. Charles Schwab had a net margin of 32.65% and a return on equity of 19.02%. Charles Schwab’s revenue was up 19.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.42 EPS. As a group, equities analysts anticipate that Charles Schwab will post 2.44 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 23rd. Stockholders of record on Friday, November 9th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Thursday, November 8th. Charles Schwab’s dividend payout ratio (DPR) is 31.71%.

Charles Schwab announced that its board has initiated a share repurchase plan on Thursday, October 25th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase up to 1.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

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.

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Analyst Recommendations for Charles Schwab (NYSE:SCHW)

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