The Charles Schwab (NYSE:SCHW) Lifted to “Outperform” at Wolfe Research

Wolfe Research upgraded shares of The Charles Schwab (NYSE:SCHW) from a peer perform rating to an outperform rating in a research note published on Monday, Analyst Ratings Network reports. They currently have $87.00 price target on the financial services provider’s stock.

SCHW has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of The Charles Schwab from $73.00 to $75.00 and gave the stock a buy rating in a report on Wednesday, February 3rd. Bank of America raised shares of The Charles Schwab from a neutral rating to a buy rating and boosted their price target for the stock from $52.00 to $68.00 in a research note on Tuesday, January 12th. Credit Suisse Group boosted their price target on shares of The Charles Schwab from $60.00 to $61.00 and gave the stock a neutral rating in a research note on Thursday, February 4th. Morgan Stanley boosted their price target on shares of The Charles Schwab from $76.00 to $83.00 and gave the stock an overweight rating in a research note on Wednesday, March 31st. Finally, The Goldman Sachs Group raised shares of The Charles Schwab from a buy rating to a conviction-buy rating and boosted their price target for the stock from $67.00 to $77.00 in a research note on Monday. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and a consensus target price of $60.07.

NYSE SCHW opened at $67.05 on Monday. The Charles Schwab has a 52-week low of $31.63 and a 52-week high of $68.89. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.28 and a current ratio of 0.28. The company has a market capitalization of $120.89 billion, a P/E ratio of 31.04 and a beta of 1.17. The company has a fifty day moving average of $64.70 and a 200-day moving average of $52.26.

The Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Monday, January 18th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. The Charles Schwab had a net margin of 29.80% and a return on equity of 13.52%. The company had revenue of $4.18 billion during the quarter, compared to the consensus estimate of $4.07 billion. During the same period in the previous year, the firm posted $0.63 EPS. The firm’s revenue was up 60.2% compared to the same quarter last year. As a group, analysts forecast that The Charles Schwab will post 2.39 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 26th. Shareholders of record on Friday, February 12th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend was Thursday, February 11th. The Charles Schwab’s payout ratio is 26.47%.

In related news, EVP Bernard J. Clark sold 29,976 shares of the business’s stock in a transaction dated Monday, January 11th. The shares were sold at an average price of $60.01, for a total transaction of $1,798,859.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Bernard J. Clark sold 9,883 shares of the company’s stock in a transaction dated Thursday, March 4th. The stock was sold at an average price of $64.81, for a total transaction of $640,517.23. The disclosure for this sale can be found here. Insiders have sold 1,372,113 shares of company stock worth $81,135,176 in the last quarter. 10.80% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Aurora Investment Counsel grew its holdings in The Charles Schwab by 0.5% in the fourth quarter. Aurora Investment Counsel now owns 37,002 shares of the financial services provider’s stock worth $1,963,000 after purchasing an additional 180 shares during the period. Pinnacle Bank grew its holdings in The Charles Schwab by 7.9% in the fourth quarter. Pinnacle Bank now owns 2,614 shares of the financial services provider’s stock worth $139,000 after purchasing an additional 192 shares during the period. Vista Private Wealth Partners. LLC grew its holdings in The Charles Schwab by 3.1% in the fourth quarter. Vista Private Wealth Partners. LLC now owns 6,374 shares of the financial services provider’s stock worth $336,000 after purchasing an additional 192 shares during the period. Sand Hill Global Advisors LLC grew its holdings in The Charles Schwab by 3.3% in the fourth quarter. Sand Hill Global Advisors LLC now owns 6,018 shares of the financial services provider’s stock worth $319,000 after purchasing an additional 192 shares during the period. Finally, LeJeune Puetz Investment Counsel LLC lifted its stake in shares of The Charles Schwab by 0.4% in the fourth quarter. LeJeune Puetz Investment Counsel LLC now owns 48,910 shares of the financial services provider’s stock worth $2,594,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 77.47% of the company’s stock.

The Charles Schwab Company Profile

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates in 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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Analyst Recommendations for The Charles Schwab (NYSE:SCHW)

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