Charles Schwab (SCHW) to Release Quarterly Earnings on Tuesday

Charles Schwab (NYSE:SCHW) is projected to issue its quarterly earnings data before the market opens on Tuesday, January 21st. Analysts expect the company to announce earnings of $0.90 per share and revenue of $5,190,822.51 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Charles Schwab Stock Up 1.4 %

Shares of NYSE SCHW opened at $76.53 on Friday. Charles Schwab has a 1 year low of $61.01 and a 1 year high of $83.35. The firm has a 50-day simple moving average of $77.68 and a two-hundred day simple moving average of $70.65. The company has a market cap of $136.20 billion, a P/E ratio of 29.90, a PEG ratio of 1.19 and a beta of 0.99. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend was Friday, November 8th. Charles Schwab’s dividend payout ratio (DPR) is presently 39.06%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Wells Fargo & Company reduced their price target on shares of Charles Schwab from $90.00 to $89.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Morgan Stanley boosted their price objective on shares of Charles Schwab from $74.00 to $84.00 and gave the stock an “equal weight” rating in a research note on Friday. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Jefferies Financial Group boosted their price target on Charles Schwab from $84.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, Truist Financial raised Charles Schwab to a “strong-buy” rating in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Charles Schwab currently has an average rating of “Hold” and an average price target of $81.41.

Insider Activity

In related news, insider Nigel J. Murtagh sold 12,739 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $81.17, for a total transaction of $1,034,024.63. Following the completion of the transaction, the insider now directly owns 59,092 shares in the company, valued at $4,796,497.64. This trade represents a 17.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jonathan S. Beatty sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $77.02, for a total transaction of $192,550.00. Following the sale, the insider now directly owns 18,069 shares in the company, valued at approximately $1,391,674.38. The trade was a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,823 shares of company stock valued at $2,171,194. Company insiders own 6.60% 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.