Charles Schwab Co. (NYSE:SCHW) has received an average rating of “Hold” from the seventeen analysts that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $47.80.

A number of research firms have recently commented on SCHW. Keefe, Bruyette & Woods cut Charles Schwab from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $51.00 to $43.50 in a research note on Friday, July 12th. Deutsche Bank cut Charles Schwab from a “buy” rating to a “hold” rating and cut their target price for the stock from $52.00 to $43.00 in a research note on Tuesday, June 18th. Citigroup cut their target price on Charles Schwab from $43.50 to $39.50 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Morgan Stanley cut their target price on Charles Schwab from $53.00 to $46.00 and set an “overweight” rating on the stock in a research note on Thursday, July 11th. Finally, JPMorgan Chase & Co. set a $44.00 target price on Charles Schwab and gave the stock a “buy” rating in a research note on Friday, June 21st.

In other Charles Schwab news, Director Mark A. Goldfarb acquired 2,595 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average cost of $38.68 per share, with a total value of $100,374.60. Following the completion of the transaction, the director now directly owns 3,771 shares of the company’s stock, valued at approximately $145,862.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jonathan M. Craig sold 3,740 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $40.20, for a total value of $150,348.00. The disclosure for this sale can be found here. Company insiders own 10.90% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Comerica Securities Inc. lifted its holdings in Charles Schwab by 5.4% during the 4th quarter. Comerica Securities Inc. now owns 40,063 shares of the financial services provider’s stock valued at $1,664,000 after purchasing an additional 2,065 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Charles Schwab by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,723,959 shares of the financial services provider’s stock valued at $113,124,000 after purchasing an additional 76,982 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Charles Schwab by 5.9% during the 4th quarter. Geode Capital Management LLC now owns 13,627,245 shares of the financial services provider’s stock valued at $564,801,000 after purchasing an additional 758,069 shares during the last quarter. North Star Investment Management Corp. lifted its holdings in Charles Schwab by 714.3% during the 1st quarter. North Star Investment Management Corp. now owns 14,022 shares of the financial services provider’s stock valued at $600,000 after purchasing an additional 12,300 shares during the last quarter. Finally, Chartwell Investment Partners LLC lifted its holdings in Charles Schwab by 84.4% during the 1st quarter. Chartwell Investment Partners LLC now owns 147,545 shares of the financial services provider’s stock valued at $6,309,000 after purchasing an additional 67,545 shares during the last quarter. 79.36% of the stock is currently owned by institutional investors.

SCHW stock traded down $0.02 during midday trading on Friday, hitting $36.57. The stock had a trading volume of 3,170,769 shares, compared to its average volume of 11,679,654. Charles Schwab has a 52-week low of $36.01 and a 52-week high of $52.70. The stock has a market cap of $47.59 billion, a price-to-earnings ratio of 14.93, a price-to-earnings-growth ratio of 2.40 and a beta of 1.25. The stock’s 50-day moving average price is $40.68. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.40.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, July 16th. The financial services provider reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.01. Charles Schwab had a return on equity of 20.52% and a net margin of 35.29%. The firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.68 billion. During the same period in the prior year, the firm posted $0.60 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis. Equities research analysts expect that Charles Schwab will post 2.68 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, August 9th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $0.68 annualized dividend and a dividend yield of 1.86%. Charles Schwab’s dividend payout ratio (DPR) is presently 27.76%.

Charles Schwab Company Profile

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.

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Analyst Recommendations for Charles Schwab (NYSE:SCHW)

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