2 weeks Ago By ABMN Staff
Shares of The Charles Schwab Co. ( NYSE:SCHW – Get Free Report ) have earned an average recommendation of “Hold” from the sixteen research firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating on the company.
The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $73.31. SCHW has been the subject of a number of research analyst reports.
Bank of America reduced their price target on shares of Charles Schwab from $72.00 to $66.00 and set an “underperform” rating for the company in a research note on Wednesday, July 17th.
Morgan Stanley decreased their price target on Charles Schwab from $71.00 to $70.00 and set an “equal weight” rating for the company in a research note on Friday, August 16th.
UBS Group dropped their price objective on Charles Schwab from $91.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th.
JPMorgan Chase & Co. lowered their target price on Charles Schwab from $82.00 to $78.
00 and set an “overweight” rating on the stock in a report on Wednesday, July 17th. Finally, JMP Securities reduced their price objective on shares of Charles Schwab from $85.00 to $82.
00 and set a “market outperform” rating for the company in a research report on Tuesday, July 23rd. View Our Latest Research Report on Charles Schwab Insider Buying and Selling Institutional Investors Weigh In On Charles Schwab Large investors have recently added to or reduced their stakes in the stock. Gryphon Financial Partners LLC acquired a new position in Charles Schwab in the 4th quarter valued at $466,000.
Edmond DE Rothschild Holding S.A. lifted its position in shares of Charles Schwab by 12.
1% during the 4th quarter. Edmond DE Rothschild Holding S.A.
now owns 11,361 shares of the financial services provider’s stock worth $782,000 after purchasing an additional 1,229 shares during the last quarter. Stifel Financial Corp grew its holdings in Charles Schwab by 9.0% in the 4th quarter.
Stifel Financial Corp now owns 1,269,438 shares of the financial services provider’s stock valued at $87,339,000 after buying an additional 104,749 shares during the last quarter. Focus Financial Network Inc. ADV bought a new position in Charles Schwab in the 4th quarter worth approximately $2,650,000.
Finally, Legacy Advisors LLC lifted its holdings in shares of Charles Schwab by 17.3% during the fourth quarter. Legacy Advisors LLC now owns 6,167 shares of the financial services provider’s stock worth $424,000 after buying an additional 911 shares during the last quarter.
Institutional investors own 84.38% of the company’s stock. Charles Schwab Stock Performance SCHW opened at $64.
42 on Friday. The company has a current ratio of 0.42, a quick ratio of 0.
42 and a debt-to-equity ratio of 0.65. The business’s 50 day moving average is $64.
10 and its 200-day moving average is $69.86. The stock has a market cap of $114.
57 billion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 1.21 and a beta of 0.
97. Charles Schwab has a twelve month low of $48.66 and a twelve month high of $79.
49. Charles Schwab ( NYSE:SCHW – Get Free Report ) last announced its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $0.
73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01.
The company had revenue of $4.69 billion during the quarter, compared to analyst estimates of $4.68 billion.
Charles Schwab had a return on equity of 18.14% and a net margin of 26.30%.
The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.
75 EPS. On average, analysts predict that Charles Schwab will post 3.05 earnings per share for the current year.
Charles Schwab Announces Dividend The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were issued a dividend of $0.25 per share.
This represents a $1.00 annualized dividend and a dividend yield of 1.55%.
The ex-dividend date was Friday, August 9th. Charles Schwab’s dividend payout ratio is currently 41.84%.
Charles Schwab Company Profile ( Get Free Report 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. Read More Receive News & Ratings for Charles Schwab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charles Schwab and related companies with MarketBeat.
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