Brokerages Set The Charles Schwab Co. (NYSE:SCHW) Target Price at $74.47

Shares of The Charles Schwab Co. (NYSE:SCHW) have received a consensus rating of “Hold” from the fourteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $74.47.

SCHW has been the topic of a number of research analyst reports. Morgan Stanley upped their price target on shares of Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. JMP Securities reaffirmed a “market outperform” rating and set a $80.00 target price on shares of Charles Schwab in a research report on Tuesday, April 16th. Bank of America boosted their price target on Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a report on Tuesday, April 16th. Barclays increased their price objective on Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 16th. Finally, JPMorgan Chase & Co. upped their target price on Charles Schwab from $86.00 to $89.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th.

Insider Activity at Charles Schwab

In other news, Chairman Charles R. Schwab sold 59,906 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $74.78, for a total transaction of $4,479,770.68. Following the transaction, the chairman now directly owns 61,038,701 shares of the company’s stock, valued at $4,564,474,060.78. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CFO Peter B. Crawford sold 5,481 shares of Charles Schwab stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $75.51, for a total value of $413,870.31. Following the completion of the sale, the chief financial officer now directly owns 60,567 shares in the company, valued at approximately $4,573,414.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Charles R. Schwab sold 59,906 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $74.78, for a total transaction of $4,479,770.68. Following the transaction, the chairman now owns 61,038,701 shares in the company, valued at approximately $4,564,474,060.78. The disclosure for this sale can be found here. Insiders sold 514,459 shares of company stock valued at $36,371,155 over the last 90 days. Insiders own 6.60% of the company’s stock.

Institutional Investors Weigh In On Charles Schwab

A number of large investors have recently made changes to their positions in SCHW. Oak Thistle LLC purchased a new position in shares of Charles Schwab in the third quarter worth about $233,000. PDS Planning Inc boosted its holdings in shares of Charles Schwab by 3.6% in the 3rd quarter. PDS Planning Inc now owns 7,488 shares of the financial services provider’s stock valued at $411,000 after acquiring an additional 262 shares during the last quarter. Busey Trust CO increased its stake in shares of Charles Schwab by 60.1% in the third quarter. Busey Trust CO now owns 154,812 shares of the financial services provider’s stock worth $8,499,000 after acquiring an additional 58,089 shares during the period. RMR Wealth Builders raised its holdings in shares of Charles Schwab by 108.9% during the third quarter. RMR Wealth Builders now owns 15,599 shares of the financial services provider’s stock worth $856,000 after purchasing an additional 8,132 shares during the last quarter. Finally, Atlas Private Wealth Management lifted its position in Charles Schwab by 9.9% during the third quarter. Atlas Private Wealth Management now owns 5,887 shares of the financial services provider’s stock valued at $323,000 after purchasing an additional 528 shares during the period. 84.38% of the stock is owned by hedge funds and other institutional investors.

Charles Schwab Price Performance

SCHW opened at $76.04 on Tuesday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82. The business has a fifty day moving average of $70.75 and a 200 day moving average of $64.63. Charles Schwab has a 52-week low of $45.65 and a 52-week high of $76.47. The stock has a market cap of $135.05 billion, a P/E ratio of 31.82, a PEG ratio of 1.10 and a beta of 0.98.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, May 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.32%. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

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.