Charles Schwab (NYSE:SCHW) Price Target Raised to $96.00

Charles Schwab (NYSE:SCHW) had its price target boosted by Barclays from $95.00 to $96.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

SCHW has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft upped their price objective on Charles Schwab from $98.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday. Keefe, Bruyette & Woods upped their target price on Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Jefferies Financial Group upped their target price on Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Wells Fargo & Company cut their target price on Charles Schwab from $90.00 to $89.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Finally, Raymond James cut their target price on Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $83.83.

Charles Schwab Price Performance

NYSE:SCHW opened at $81.67 on Wednesday. Charles Schwab has a 12 month low of $61.01 and a 12 month high of $83.35. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The business’s 50-day moving average is $77.78 and its 200 day moving average is $70.82. The company has a market capitalization of $145.34 billion, a P/E ratio of 27.31, a P/E/G ratio of 1.46 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5,190,822.51 billion. During the same period in the prior year, the business posted $0.68 earnings per share. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. On average, equities research analysts forecast that Charles Schwab will post 4.09 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Jonathan S. Beatty sold 2,500 shares of Charles Schwab stock in a transaction on Monday, November 11th. The stock was sold at an average price of $77.02, for a total value of $192,550.00. Following the transaction, the insider now directly owns 18,069 shares in the company, valued at approximately $1,391,674.38. This trade represents a 12.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Peter J. Morgan III sold 14,643 shares of Charles Schwab stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total value of $1,181,690.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,466 shares of company stock worth $3,352,884. 6.60% of the stock is currently owned by company insiders.

Institutional Trading of Charles Schwab

A number of institutional investors have recently made changes to their positions in SCHW. Washington Trust Advisors Inc. boosted its position in shares of Charles Schwab by 62.6% in the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 149 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Charles Schwab in the 3rd quarter worth $25,000. Prospera Private Wealth LLC acquired a new stake in shares of Charles Schwab in the 3rd quarter worth $31,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Charles Schwab in the 3rd quarter worth $32,000. Finally, Hazlett Burt & Watson Inc. acquired a new stake in Charles Schwab during the 3rd quarter worth about $33,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

About Charles Schwab

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.