Charles Schwab (NYSE:SCHW) Reaches New 1-Year High – What’s Next?

The Charles Schwab Corporation (NYSE:SCHW)’s stock price reached a new 52-week high on Friday . The stock traded as high as $104.89 and last traded at $104.8780, with a volume of 4655568 shares trading hands. The stock had previously closed at $102.76.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Citizens Jmp raised their price target on shares of Charles Schwab from $110.00 to $120.00 and gave the stock a “market outperform” rating in a report on Monday. Citigroup reiterated a “market outperform” rating on shares of Charles Schwab in a research report on Monday. Barclays lifted their target price on Charles Schwab from $111.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, January 8th. TD Cowen increased their price target on Charles Schwab from $134.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Charles Schwab from $109.00 to $111.00 and gave the company an “outperform” rating in a report on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $112.24.

Charles Schwab Stock Performance

The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market capitalization of $184.53 billion, a price-to-earnings ratio of 24.33, a P/E/G ratio of 0.71 and a beta of 0.94. The firm has a 50-day simple moving average of $96.98 and a two-hundred day simple moving average of $95.40.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.31 EPS for the quarter, beating the consensus estimate of $1.25 by $0.06. The business had revenue of $6.38 billion during the quarter, compared to analyst estimates of $5.93 billion. Charles Schwab had a net margin of 35.93% and a return on equity of 21.02%. The business’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.71 earnings per share. On average, sell-side analysts anticipate that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, November 14th. Charles Schwab’s dividend payout ratio (DPR) is currently 25.29%.

Insider Buying and Selling at Charles Schwab

In other news, insider Jonathan S. Beatty sold 2,000 shares of the company’s stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $102.01, for a total transaction of $204,020.00. Following the sale, the insider owned 11,923 shares of the company’s stock, valued at approximately $1,216,265.23. This represents a 14.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Charles Schwab

Hedge funds have recently bought and sold shares of the stock. Piscataqua Savings Bank purchased a new stake in shares of Charles Schwab during the fourth quarter worth approximately $26,000. Princeton Global Asset Management LLC purchased a new position in Charles Schwab in the second quarter worth approximately $25,000. GoalVest Advisory LLC acquired a new position in Charles Schwab during the 4th quarter worth approximately $28,000. RMG Wealth Management LLC purchased a new stake in shares of Charles Schwab in the 2nd quarter valued at approximately $27,000. Finally, West Branch Capital LLC purchased a new stake in shares of Charles Schwab during the 3rd quarter worth $27,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Company Profile

Charles Schwab Corporation (NYSE: SCHW) is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.