The Charles Schwab Co. (SCHW) To Go Ex-Dividend on November 8th

The Charles Schwab Co. (NYSE:SCHW) declared a quarterly dividend on Wednesday, October 23rd, RTT News reports. Stockholders of record on Friday, November 8th will be given a dividend of 0.25 per share by the financial services provider on Friday, November 22nd. This represents a $1.00 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Friday, November 8th.

Charles Schwab has raised its dividend by an average of 11.6% annually over the last three years. Charles Schwab has a payout ratio of 26.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Charles Schwab to earn $3.78 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 26.5%.

Charles Schwab Price Performance

NYSE SCHW opened at $72.59 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.42 and a current ratio of 0.42. Charles Schwab has a 52-week low of $48.66 and a 52-week high of $79.49. The business has a 50 day simple moving average of $65.45 and a 200 day simple moving average of $69.50. The stock has a market cap of $129.01 billion, a price-to-earnings ratio of 30.37, a PEG ratio of 1.63 and a beta of 0.97.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, beating the consensus estimate of $0.75 by $0.02. The business had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.78 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 17.52%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.77 EPS. Analysts anticipate that Charles Schwab will post 3.11 earnings per share for the current fiscal year.

Insider Activity at Charles Schwab

In other Charles Schwab news, Chairman Charles R. Schwab sold 67,386 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $65.11, for a total transaction of $4,387,502.46. Following the completion of the sale, the chairman now directly owns 60,619,371 shares in the company, valued at $3,946,927,245.81. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Charles Schwab news, Chairman Charles R. Schwab sold 67,386 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $65.11, for a total transaction of $4,387,502.46. Following the transaction, the chairman now owns 60,619,371 shares in the company, valued at $3,946,927,245.81. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Charles R. Schwab sold 62,345 shares of Charles Schwab stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $72.52, for a total value of $4,521,259.40. Following the sale, the chairman now directly owns 60,619,371 shares of the company’s stock, valued at $4,396,116,784.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 182,001 shares of company stock worth $12,512,592. Insiders own 6.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SCHW shares. Citigroup reduced their price target on Charles Schwab from $75.00 to $72.00 and set a “neutral” rating for the company in a research report on Friday, September 27th. UBS Group decreased their target price on shares of Charles Schwab from $91.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Jefferies Financial Group lowered their price target on shares of Charles Schwab from $79.00 to $73.00 and set a “buy” rating on the stock in a research note on Friday, October 4th. Wells Fargo & Company raised their price objective on Charles Schwab from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Charles Schwab from $77.00 to $76.00 in a report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $73.94.

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.