According to Fintel, Raymond James has maintained its coverage of Charles Schwab (NYSE:SCHW) and continues to recommend it as an Outperform. The average one-year price target for Charles Schwab is $76.06, representing a 30.65% increase from its latest closing price of $58.22.
Charles Schwab has projected annual revenue of $23,757MM, which is a 14.13% increase, and a projected annual non-GAAP EPS of $4.95.
Charles Schwab has also declared a regular quarterly dividend of $0.25 per share, with a dividend yield of 1.72%.
The company’s dividend payout ratio is 0.26, indicating that it pays out a portion of its income in dividends. The 3-Year dividend growth rate is 0.39%, showing an increase over time.
There are currently 2,845 funds or institutions reporting positions in Charles Schwab, with a decrease of 57 owners or 1.96% in the last quarter.
The put/call ratio of SCHW is 1.31, indicating a bearish outlook.
Toronto Dominion Bank holds 225,995K shares of Charles Schwab, representing 12.41% ownership. Dodge & Cox holds 78,399K shares, representing 4.31% ownership. Dodge & Cox Stock Fund holds 52,641K shares, representing 2.89% ownership. Vanguard Total Stock Market Index Fund Investor Shares holds 46,907K shares, representing 2.58% ownership. Price T Rowe Associates holds 36,768K shares, representing 2.02% ownership.
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This story originally appeared on Fintel.
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