Charles Schwab (NYSE:SCHW) PT Raised to $70.00

Charles Schwab (NYSE:SCHW) had its price objective boosted by research analysts at Bank of America from $68.00 to $70.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has an “underperform” rating on the financial services provider’s stock. Bank of America‘s target price would indicate a potential downside of 3.45% from the company’s current price.

A number of other research analysts have also recently issued reports on the company. JMP Securities lifted their target price on Charles Schwab from $77.00 to $80.00 and gave the company a “market outperform” rating in a research report on Tuesday, April 9th. TD Cowen upgraded Charles Schwab from a “market perform” rating to an “outperform” rating and set a $87.00 target price on the stock in a research report on Friday, March 22nd. The Goldman Sachs Group reiterated a “neutral” rating and issued a $71.00 target price (up previously from $70.00) on shares of Charles Schwab in a research report on Wednesday, January 3rd. Raymond James decreased their target price on Charles Schwab from $78.00 to $75.00 and set an “outperform” rating on the stock in a research report on Thursday, January 18th. Finally, Morgan Stanley lifted their target price on Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $74.47.

Charles Schwab Stock Down 0.8 %

Shares of NYSE SCHW opened at $72.50 on Tuesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43. Charles Schwab has a 52 week low of $45.65 and a 52 week high of $73.88. The stock has a market capitalization of $128.76 billion, a P/E ratio of 30.33, a PEG ratio of 1.08 and a beta of 1.01. The stock’s fifty day moving average is $68.17 and its 200 day moving average is $62.82.

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

Insider Buying and Selling at Charles Schwab

In other Charles Schwab 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 value of $257,960.00. Following the transaction, the chief financial officer now directly owns 37,611 shares of the company’s stock, valued at $2,425,533.39. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Charles Schwab 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 value of $257,960.00. Following the transaction, the chief financial officer now directly owns 37,611 shares of the company’s stock, valued at $2,425,533.39. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Charles R. Schwab sold 16,390 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $63.94, for a total value of $1,047,976.60. Following the transaction, the chairman now directly owns 61,331,688 shares in the company, valued at $3,921,548,130.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 216,584 shares of company stock valued at $14,200,769. 6.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Charles Schwab

A number of institutional investors have recently modified their holdings of the company. Signet Financial Management LLC raised its position in shares of Charles Schwab by 0.3% during the fourth quarter. Signet Financial Management LLC now owns 49,378 shares of the financial services provider’s stock worth $4,111,000 after purchasing an additional 139 shares during the period. Courier Capital LLC raised its position in shares of Charles Schwab by 0.4% during the fourth quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider’s stock worth $3,133,000 after purchasing an additional 161 shares during the period. Investment Advisory Services Inc. TX ADV raised its position in shares of Charles Schwab by 0.5% during the fourth quarter. Investment Advisory Services Inc. TX ADV now owns 32,642 shares of the financial services provider’s stock worth $2,718,000 after purchasing an additional 164 shares during the period. Sugarloaf Wealth Management LLC grew its holdings in Charles Schwab by 60.0% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after buying an additional 165 shares in the last quarter. Finally, Sculati Wealth Management LLC raised its position in Charles Schwab by 0.4% in the 4th quarter. Sculati Wealth Management LLC now owns 42,971 shares of the financial services provider’s stock valued at $2,956,000 after buying an additional 165 shares during the last quarter. 84.38% of the stock is owned by institutional investors and hedge funds.

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.