Charles Schwab (NYSE:SCHW) PT Raised to $92.00

Charles Schwab (NYSE:SCHW) had its price target lifted by investment analysts at TD Cowen from $87.00 to $92.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. TD Cowen’s price objective would suggest a potential upside of 26.90% from the company’s current price.

Several other analysts have also issued reports on SCHW. Piper Sandler upped their price objective on Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Bank of America raised their price target on Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a report on Tuesday. Morgan Stanley lifted their price objective on shares of Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Barclays increased their price objective on shares of Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $71.00 target price (up previously from $70.00) on shares of Charles Schwab in a report on Wednesday, January 3rd. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Charles Schwab presently has a consensus rating of “Hold” and an average target price of $74.47.

Charles Schwab Trading Down 0.8 %

Charles Schwab stock opened at $72.50 on Tuesday. The company has a market cap of $128.76 billion, a price-to-earnings ratio of 30.33, a P/E/G ratio of 1.08 and a beta of 1.01. The firm has a 50-day moving average of $68.17 and a 200-day moving average of $62.82. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43. Charles Schwab has a one year low of $45.65 and a one year high of $73.88.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. Charles Schwab had a net margin of 26.14% and a return on equity of 19.86%. The business had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.49 billion. During the same period in the previous year, the company earned $1.07 earnings per share. The firm’s revenue for the quarter was down 18.9% on a year-over-year basis. On average, equities analysts expect that Charles Schwab will post 3.4 earnings per share for the current fiscal year.

Insider Activity

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $65.29, for a total transaction of $587,610.00. Following the completion of the transaction, the director now owns 585,057 shares in the company, valued at approximately $38,198,371.53. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CFO Peter B. Crawford sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $64.49, for a total transaction of $257,960.00. Following the completion of the sale, the chief financial officer now owns 37,611 shares in the company, valued at $2,425,533.39. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $65.29, for a total transaction of $587,610.00. Following the sale, the director now owns 585,057 shares of the company’s stock, valued at approximately $38,198,371.53. The disclosure for this sale can be found here. Over the last quarter, insiders sold 216,584 shares of company stock valued at $14,200,769. Company insiders own 6.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Dodge & Cox boosted its holdings in Charles Schwab by 10.5% during the fourth quarter. Dodge & Cox now owns 86,421,986 shares of the financial services provider’s stock worth $5,945,833,000 after purchasing an additional 8,182,467 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Charles Schwab by 33.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 69,360,233 shares of the financial services provider’s stock worth $4,771,985,000 after buying an additional 17,369,091 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Charles Schwab by 4.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 30,994,967 shares of the financial services provider’s stock valued at $2,132,454,000 after acquiring an additional 1,219,015 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Charles Schwab by 1.5% during the first quarter. Geode Capital Management LLC now owns 27,050,168 shares of the financial services provider’s stock valued at $1,413,244,000 after acquiring an additional 391,238 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in Charles Schwab by 62.5% during the fourth quarter. Morgan Stanley now owns 22,255,649 shares of the financial services provider’s stock worth $1,853,005,000 after acquiring an additional 8,563,389 shares during the period. 84.38% of the stock is owned by institutional investors.

Charles Schwab Company Profile

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.