News coverage about Charles Schwab (NYSE:SCHW) has been trending somewhat positive this week, according to Accern Sentiment. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Charles Schwab earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 47.0055354663251 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment’s rankings:
- Chuck Schwab expects more companies to flee high-tax states like California after changes to federal law (bizjournals.com)
- Form 424B5 SCHWAB CHARLES CORP (streetinsider.com)
- Charles Schwab: Remain Underweight in Emerging Market Bonds (investopedia.com)
- E*TRADE’s Valuations Compared to Its Peers (finance.yahoo.com)
- Charles Schwab: Oil, Energy Stocks Should Rise, but Risks Abound (finance.yahoo.com)
SCHW has been the topic of a number of recent analyst reports. Deutsche Bank decreased their price target on Charles Schwab from $55.00 to $54.00 and set a “hold” rating on the stock in a report on Friday, April 6th. Zacks Investment Research cut Charles Schwab from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Credit Suisse Group lifted their target price on Charles Schwab from $60.00 to $62.00 and gave the stock an “outperform” rating in a report on Tuesday, April 17th. Morgan Stanley reduced their target price on Charles Schwab from $65.00 to $63.00 and set an “overweight” rating on the stock in a report on Wednesday, April 25th. Finally, ValuEngine raised Charles Schwab from a “hold” rating to a “buy” rating in a report on Friday, April 27th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $55.53.
Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Monday, April 16th. The financial services provider reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.01. Charles Schwab had a return on equity of 16.84% and a net margin of 28.80%. The company had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.38 billion. During the same period in the previous year, the firm posted $0.39 earnings per share. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. equities research analysts anticipate that Charles Schwab will post 2.43 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 25th. Shareholders of record on Friday, May 11th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, May 10th. This represents a $0.40 annualized dividend and a yield of 0.68%. Charles Schwab’s payout ratio is currently 24.39%.
In other Charles Schwab news, Chairman Charles R. Schwab sold 250,000 shares of the business’s stock in a transaction that occurred on Monday, April 23rd. The stock was sold at an average price of $54.99, for a total transaction of $13,747,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jonathan M. Craig sold 2,629 shares of the business’s stock in a transaction that occurred on Monday, April 16th. The stock was sold at an average price of $52.11, for a total value of $136,997.19. The disclosure for this sale can be found here. Insiders have sold 1,948,471 shares of company stock worth $109,404,096 over the last three months. 11.50% of the stock is currently owned by insiders.
About Charles Schwab
The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.
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