Charles Schwab Corp (SCHW) Given Consensus Rating of “Buy” by Analysts

Charles Schwab Corp (NYSE:SCHW) has received a consensus recommendation of “Buy” from the nineteen brokerages that are currently covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $54.27.

SCHW has been the topic of several recent analyst reports. BidaskClub upgraded Charles Schwab from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 10th. Barclays boosted their price target on Charles Schwab from $48.00 to $51.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 10th. Deutsche Bank boosted their price target on Charles Schwab from $46.00 to $47.00 and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Credit Suisse Group initiated coverage on Charles Schwab in a research note on Thursday, November 30th. They issued an “outperform” rating and a $55.00 price target on the stock. Finally, SunTrust Banks boosted their price target on Charles Schwab to $56.00 and gave the stock an “average” rating in a research note on Friday, December 15th. They noted that the move was a valuation call.

In related news, Chairman Charles R. Schwab sold 350,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $44.65, for a total value of $15,627,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Bernard J. Clark sold 50,444 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $50.52, for a total value of $2,548,430.88. The disclosure for this sale can be found here. Insiders have sold a total of 2,208,224 shares of company stock worth $110,015,744 over the last quarter. Insiders own 12.00% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Bogart Wealth LLC grew its holdings in Charles Schwab by 1,100.0% in the 4th quarter. Bogart Wealth LLC now owns 2,040 shares of the financial services provider’s stock worth $105,000 after buying an additional 1,870 shares in the last quarter. Acadian Asset Management LLC bought a new position in Charles Schwab in the 4th quarter worth approximately $187,000. Zions Bancorporation grew its holdings in Charles Schwab by 1,545.3% in the 3rd quarter. Zions Bancorporation now owns 3,817 shares of the financial services provider’s stock worth $167,000 after buying an additional 3,585 shares in the last quarter. Fiduciary Trust Co. bought a new position in Charles Schwab in the 4th quarter worth approximately $208,000. Finally, Lourd Capital LLC bought a new position in Charles Schwab in the 4th quarter worth approximately $208,000. 79.72% of the stock is owned by institutional investors and hedge funds.

Charles Schwab (NYSE SCHW) traded up $0.40 during trading hours on Tuesday, hitting $51.69. The company had a trading volume of 7,102,595 shares, compared to its average volume of 7,294,111. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.30 and a current ratio of 0.31. Charles Schwab has a fifty-two week low of $37.16 and a fifty-two week high of $56.25. The firm has a market capitalization of $68,420.00, a PE ratio of 32.08, a price-to-earnings-growth ratio of 1.31 and a beta of 1.63.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.03. Charles Schwab had a return on equity of 16.31% and a net margin of 27.32%. The business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the previous year, the firm posted $0.36 earnings per share. The company’s revenue was up 13.7% compared to the same quarter last year. equities research analysts expect that Charles Schwab will post 2.4 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 9th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.77%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Thursday, February 8th. Charles Schwab’s dividend payout ratio is presently 19.88%.

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Charles Schwab Company Profile

The Charles Schwab Corporation (CSC) is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services.

Analyst Recommendations for Charles Schwab (NYSE:SCHW)

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