Charles Schwab’s (SCHW) “Market Perform” Rating Reaffirmed at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reaffirmed their market perform rating on shares of Charles Schwab (NYSE:SCHW) in a research note issued to investors on Monday morning, Benzinga reports. They currently have a $76.00 target price on the financial services provider’s stock.

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. decreased their price target on shares of Charles Schwab from $89.00 to $81.00 and set an overweight rating for the company in a research note on Friday, May 31st. Morgan Stanley upped their price target on Charles Schwab from $65.00 to $71.00 and gave the stock an equal weight rating in a research note on Tuesday, April 9th. StockNews.com cut Charles Schwab from a hold rating to a sell rating in a research note on Friday, May 24th. Citigroup upped their target price on Charles Schwab from $70.00 to $75.00 and gave the stock a neutral rating in a research report on Thursday, April 11th. Finally, Piper Sandler lifted their price target on shares of Charles Schwab from $75.00 to $78.00 and gave the company an overweight rating in a research report on Friday, April 12th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Hold and an average price target of $74.65.

Charles Schwab Stock Performance

Shares of SCHW opened at $72.81 on Monday. The stock has a market capitalization of $129.40 billion, a P/E ratio of 30.46, a price-to-earnings-growth ratio of 1.12 and a beta of 0.96. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.69. The firm’s fifty day simple moving average is $74.15 and its two-hundred day simple moving average is $69.21. Charles Schwab has a 12 month low of $48.66 and a 12 month high of $79.49.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.01. The firm had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.71 billion. Charles Schwab had a return on equity of 19.25% and a net margin of 26.14%. As a group, analysts predict that Charles Schwab will post 3.26 EPS for the current year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.37%. Charles Schwab’s payout ratio is presently 41.84%.

Insider Activity

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $78.41, for a total transaction of $705,690.00. Following the completion of the sale, the director now directly owns 574,257 shares of the company’s stock, valued at approximately $45,027,491.37. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Charles Schwab news, insider Bernard J. Clark sold 77,431 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $70.94, for a total transaction of $5,492,955.14. Following the completion of the transaction, the insider now directly owns 121,666 shares of the company’s stock, valued at $8,630,986.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $78.41, for a total value of $705,690.00. Following the completion of the sale, the director now owns 574,257 shares in the company, valued at $45,027,491.37. The disclosure for this sale can be found here. Insiders sold a total of 663,640 shares of company stock valued at $49,331,005 over the last three months. Corporate insiders own 6.60% of the company’s stock.

Institutional Investors Weigh In On Charles Schwab

Several large investors have recently added to or reduced their stakes in the company. Nelson Capital Management LLC lifted its holdings in shares of Charles Schwab by 0.4% during the first quarter. Nelson Capital Management LLC now owns 37,726 shares of the financial services provider’s stock valued at $2,729,000 after purchasing an additional 141 shares in the last quarter. Abbrea Capital LLC raised its stake in Charles Schwab by 2.5% during the first quarter. Abbrea Capital LLC now owns 5,777 shares of the financial services provider’s stock valued at $418,000 after purchasing an additional 142 shares in the last quarter. Sweet Financial Partners LLC increased its stake in Charles Schwab by 3.5% during the first quarter. Sweet Financial Partners LLC now owns 4,430 shares of the financial services provider’s stock worth $320,000 after acquiring an additional 150 shares during the last quarter. Ironwood Financial llc increased its position in Charles Schwab by 1.6% during the first quarter. Ironwood Financial llc now owns 10,186 shares of the financial services provider’s stock valued at $737,000 after acquiring an additional 160 shares during the last quarter. Finally, Courier Capital LLC boosted its position in shares of Charles Schwab by 0.4% during the fourth quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider’s stock valued at $3,133,000 after buying an additional 161 shares during the period. Hedge funds and other institutional investors own 84.38% of the company’s stock.

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.