Deutsche Bank Aktiengesellschaft Boosts Charles Schwab (NYSE:SCHW) Price Target to $80.00

Charles Schwab (NYSE:SCHW) had its price objective lifted by investment analysts at Deutsche Bank Aktiengesellschaft from $77.00 to $80.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 2.30% from the company’s current price.

SCHW has been the subject of several other reports. Keefe, Bruyette & Woods raised their price target on Charles Schwab from $76.00 to $81.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Bank of America cut their price target on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a report on Wednesday, October 16th. TD Cowen restated a “hold” rating and issued a $71.00 price objective (down from $88.00) on shares of Charles Schwab in a report on Wednesday, July 17th. Jefferies Financial Group cut their target price on Charles Schwab from $79.00 to $73.00 and set a “buy” rating on the stock in a research note on Friday, October 4th. Finally, JMP Securities boosted their price target on Charles Schwab from $82.00 to $84.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $74.18.

Charles Schwab Price Performance

SCHW stock opened at $78.20 on Monday. The firm has a 50-day moving average of $67.50 and a 200 day moving average of $69.46. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.42 and a quick ratio of 0.42. The company has a market cap of $139.07 billion, a P/E ratio of 30.55, a PEG ratio of 1.69 and a beta of 0.96. Charles Schwab has a 1 year low of $53.60 and a 1 year high of $79.49.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. Charles Schwab had a return on equity of 17.52% and a net margin of 27.47%. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter in the prior year, the company earned $0.77 earnings per share. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, sell-side analysts forecast that Charles Schwab will post 3.11 EPS for the current year.

Insider Transactions at Charles Schwab

In related news, insider Jonathan S. Beatty sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $77.02, for a total transaction of $192,550.00. Following the completion of the transaction, the insider now directly owns 18,069 shares in the company, valued at approximately $1,391,674.38. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Jonathan S. Beatty sold 2,500 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $77.02, for a total value of $192,550.00. Following the completion of the transaction, the insider now owns 18,069 shares of the company’s stock, valued at approximately $1,391,674.38. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Carolyn Schwab-Pomerantz sold 12,320 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $65.10, for a total value of $802,032.00. Following the sale, the director now directly owns 562,129 shares in the company, valued at approximately $36,594,597.90. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 115,965 shares of company stock valued at $8,242,659 over the last quarter. 6.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Charles Schwab

Institutional investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP bought a new position in shares of Charles Schwab during the 1st quarter valued at about $489,000. Qsemble Capital Management LP bought a new position in Charles Schwab during the first quarter valued at approximately $497,000. Sheets Smith Wealth Management increased its stake in Charles Schwab by 53.9% in the 1st quarter. Sheets Smith Wealth Management now owns 11,830 shares of the financial services provider’s stock worth $856,000 after acquiring an additional 4,144 shares during the last quarter. Edmond DE Rothschild Holding S.A. raised its holdings in shares of Charles Schwab by 5.2% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 11,955 shares of the financial services provider’s stock worth $865,000 after acquiring an additional 594 shares in the last quarter. Finally, Entropy Technologies LP purchased a new stake in shares of Charles Schwab during the 1st quarter worth approximately $2,394,000. 84.38% of the stock is owned by hedge funds and other 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.