The Charles Schwab Co. (NYSE: SCHW) Receives Average Brokerage “Buy” Rating
Shares of The Charles Schwab Co. (NYSE: SCHW) have received an average “Buy” recommendation from the nineteen rating agencies that cover the company, reports MarketBeat.com. Four investment analysts rated the stock with a keep recommendation and twelve issued a buy recommendation on the company. The 1-year average price target among brokers who issued ratings on the stock in the past year is $ 81.41.
A number of analysts have recently weighed on SCHW stocks. raised their price target for The Charles Schwab stock from $ 93.00 to $ 94.00 and gave the stock a “buy” rating in a research note on Monday, July 12. Zacks Investment Research downgraded shares of The Charles Schwab from a “buy” rating to a “keep” rating and set a price target of $ 77.00 for the company. in a research note on Tuesday, June 15. Morgan Stanley raised its price target for The Charles Schwab stock from $ 83.00 to $ 86.00 and rated the stock “overweight” in a research note on Monday April 26. The Goldman Sachs group has downgraded shares in The Charles Schwab from a “buy” rating to a “neutral” rating and set a price target of $ 76.00 for the company. in a research note on Thursday, July 8. Finally, Credit Suisse Group upgraded the shares of The Charles Schwab from a “neutral” to an “outperforming” rating and raised its price target for the share from $ 74.00 to $ 86.00 in a year. research note Tuesday, April 27.
SCHW stock opened at $ 67.41 on Wednesday. The company has a debt to equity ratio of 0.39, a current ratio of 0.39, and a rapid ratio of 0.39. The Charles Schwab has a twelve-month low of $ 32.84 and a twelve-month high of $ 76.37. The company has a market cap of $ 121.81 billion, a PE ratio of 28.44 and a beta of 1.03. The company’s fifty-day moving average price is $ 71.47.
Charles Schwab (NYSE: SCHW) last released its results on Thursday, July 15. The financial services provider reported earnings per share (EPS) of $ 0.70 for the quarter, missing Zacks’ consensus estimate of $ 0.71 of ($ 0.01). The company posted revenue of $ 4.53 billion for the quarter, compared to $ 4.46 billion expected by analysts. The Charles Schwab had a net margin of 28.88% and a return on equity of 13.51%. The company’s revenue for the quarter increased 84.8% from the same quarter last year. During the same period of the previous year, the company posted earnings per share of $ 0.54. Equity research analysts predict The Charles Schwab will post 3.14 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 27. Shareholders of record on Friday August 13 will receive a dividend of $ 0.18 per share. The ex-dividend date is Thursday, August 12. This represents a dividend of $ 0.72 on an annualized basis and a dividend yield of 1.07%. Charles Schwab’s dividend payout ratio (DPR) is 29.39%.
In other news from The Charles Schwab, director William S. Haraf sold 7,835 shares of the company in a trade on Friday, May 28. The stock was sold for an average price of $ 73.96, for a total value of $ 579,476.60. As a result of the transaction, the director now owns 40,336 shares of the company, valued at approximately $ 2,983,250.56. The sale was disclosed in a legal file with the Securities & Exchange Commission, which is available on the SEC website. In addition, Chairman Charles R. Schwab sold 2,600 shares of the company in a transaction on Wednesday, July 21. The shares were sold at an average price of $ 70.00, for a total value of $ 182,000.00. Disclosure of this sale can be found here. Insiders sold a total of 563,790 shares of the company valued at $ 40,883,366 in the last quarter. Insiders own 7.50% of the shares of the company.
Several institutional investors and hedge funds have recently changed their holdings in SCHW. Meridian Wealth Partners LLC acquired a new equity interest in The Charles Schwab during the 1st quarter valued at approximately $ 25,000. Holloway Wealth Management LLC acquired a new equity interest in The Charles Schwab during the 2nd quarter valued at approximately $ 25,000. Red Door Wealth Management LLC acquired a new equity interest in The Charles Schwab during the second quarter valued at approximately $ 26,000. IronBridge Private Wealth LLC acquired a new equity stake in The Charles Schwab during the 4th quarter valued at approximately $ 27,000. Finally, Baron Financial Group LLC increased its position in The Charles Schwab shares by 117.5% during the first quarter. Baron Financial Group LLC now owns 435 shares of the financial services provider valued at $ 28,000 after purchasing 235 additional shares in the last quarter. 71.21% of the shares are held by institutional investors and hedge funds.
Charles Schwab Company Profile
The Charles Schwab Corp. is a savings and loan holding company providing wealth management, securities brokerage, banking, asset management, custody and financial advisory services. It operates through the Investor Services and Advisor Services segments. The Investor Services segment comprises retail brokerage and retail investor banking services, and pension plan services, as well as other brokerage services to businesses, businesses and their employees.
Recommended Story: Short Sale
This instant news alert was powered by storytelling technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $ 1,000 in The Charles Schwab now?
Before you consider The Charles Schwab, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the top five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold … and The Charles Schwab was not on the list.
While The Charles Schwab currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bets.
See the 5 actions here