Investment Analysts’ Weekly Ratings Changes for Charles Schwab (SCHW)

A number of firms have modified their ratings and price targets on shares of Charles Schwab (NYSE: SCHW) recently:

• 12/20/2024 – Charles Schwab had its price target raised by analysts at Keefe, Bruyette & Woods from $81.00 to $93.00. They now have an “outperform” rating on the stock.
• 12/12/2024 – Charles Schwab had its price target raised by analysts at Wells Fargo & Company from $75.00 to $90.00. They now have an “equal weight” rating on the stock.
• 12/9/2024 – Charles Schwab was upgraded by analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating. They now have a $95.00 price target on the stock, up previously from $74.00.
• 12/9/2024 – Charles Schwab had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $94.00 price target on the stock, up previously from $84.00.
• 12/9/2024 – Charles Schwab had its price target raised by analysts at Jefferies Financial Group Inc. from $84.00 to $94.00. They now have a “buy” rating on the stock.
• 11/11/2024 – Charles Schwab had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $77.00 to $80.00. They now have a “buy” rating on the stock.

Charles Schwab Price Performance

SCHW stock traded up $0.13 during trading on Wednesday, reaching $74.84. 2,150,265 shares of the company were exchanged, compared to its average volume of 8,057,521. The Charles Schwab Co. has a twelve month low of $59.67 and a twelve month high of $83.35. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The company has a market capitalization of $133.19 billion, a price-to-earnings ratio of 29.23, a P/E/G ratio of 1.76 and a beta of 0.96. The company has a 50-day moving average of $76.97 and a two-hundred day moving average of $70.55.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. The business had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.78 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the business earned $0.77 EPS. As a group, equities analysts predict that The Charles Schwab Co. will post 3.12 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date was Friday, November 8th. Charles Schwab’s dividend payout ratio is 39.06%.

Insider Buying and Selling

In other news, insider Jonathan S. Beatty sold 2,300 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $82.01, for a total value of $188,623.00. Following the completion of the sale, the insider now directly owns 18,069 shares in the company, valued at $1,481,838.69. This trade represents a 11.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Carolyn Schwab-Pomerantz sold 29,800 shares of the company’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $72.16, for a total transaction of $2,150,368.00. Following the transaction, the director now owns 551,329 shares in the company, valued at approximately $39,783,900.64. The trade was a 5.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 118,968 shares of company stock valued at $8,842,821 over the last 90 days. Company insiders own 6.60% of the company’s stock.

Hedge Funds Weigh In On Charles Schwab

Several hedge funds have recently bought and sold shares of SCHW. Washington Trust Advisors Inc. grew its position in Charles Schwab by 62.6% in the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 149 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Charles Schwab in the 3rd quarter worth approximately $25,000. American Capital Advisory LLC purchased a new stake in Charles Schwab in the second quarter worth approximately $27,000. Mizuho Securities Co. Ltd. bought a new position in shares of Charles Schwab during the 2nd quarter valued at $29,000. Finally, Prospera Private Wealth LLC bought a new stake in Charles Schwab in the third quarter worth $31,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

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.