Analysts Set The Charles Schwab Co. (NYSE:SCHW) Price Target at $84.11

The Charles Schwab Co. (NYSE:SCHW) has received an average recommendation of “Hold” from the seventeen brokerages that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $84.11.

Several equities research analysts have recently weighed in on SCHW shares. JPMorgan Chase & Co. upped their target price on Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. UBS Group increased their price target on Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a report on Monday, January 27th. Jefferies Financial Group increased their price target on Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a report on Monday, December 9th. Barclays increased their price target on Charles Schwab from $95.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods increased their price target on Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a report on Friday, December 20th.

Insider Buying and Selling

In other Charles Schwab news, insider Nigel J. Murtagh sold 12,739 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $81.17, for a total transaction of $1,034,024.63. Following the transaction, the insider now owns 59,092 shares in the company, valued at $4,796,497.64. This represents a 17.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jonathan S. Beatty sold 2,500 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $77.02, for a total transaction of $192,550.00. Following the transaction, the insider now owns 18,069 shares in the company, valued at approximately $1,391,674.38. The trade was a 12.15 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,014 shares of company stock valued at $4,052,281. Company insiders own 6.60% of the company’s stock.

Institutional Trading of Charles Schwab

Several large investors have recently made changes to their positions in SCHW. Capital Performance Advisors LLP acquired a new stake in Charles Schwab in the third quarter valued at approximately $25,000. Washington Trust Advisors Inc. boosted its position in Charles Schwab by 62.6% in the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after buying an additional 149 shares in the last quarter. Prospera Private Wealth LLC acquired a new stake in Charles Schwab in the third quarter valued at approximately $31,000. Future Financial Wealth Managment LLC acquired a new stake in Charles Schwab in the third quarter valued at approximately $32,000. Finally, Planning Capital Management Corp acquired a new stake in Charles Schwab in the third quarter valued at approximately $33,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Stock Performance

NYSE SCHW opened at $82.76 on Thursday. Charles Schwab has a fifty-two week low of $61.01 and a fifty-two week high of $83.84. The stock has a market cap of $147.28 billion, a price-to-earnings ratio of 27.68, a price-to-earnings-growth ratio of 1.01 and a beta of 0.99. The business has a fifty day moving average of $77.97 and a 200-day moving average of $71.22. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.90 by $0.11. The firm had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.68 earnings per share. As a group, analysts predict that Charles Schwab will post 4.18 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.30%. Charles Schwab’s dividend payout ratio is presently 33.44%.

Charles Schwab Company Profile

The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services.