Barclays Has Lowered Expectations for Charles Schwab (NYSE:SCHW) Stock Price

Charles Schwab (NYSE:SCHW) had its price objective lowered by investment analysts at Barclays from $96.00 to $84.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s target price points to a potential upside of 20.36% from the company’s previous close.

SCHW has been the subject of several other research reports. UBS Group raised their price target on shares of Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Citigroup raised Charles Schwab from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $85.00 to $102.00 in a research note on Wednesday, April 2nd. JPMorgan Chase & Co. increased their price target on Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. Redburn Partners lowered their price objective on Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a research report on Friday, January 17th. Finally, Truist Financial reduced their target price on shares of Charles Schwab from $91.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, April 4th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $85.33.

Charles Schwab Stock Down 0.4 %

Shares of NYSE SCHW opened at $69.79 on Monday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The firm has a market cap of $126.57 billion, a price-to-earnings ratio of 23.34, a PEG ratio of 0.99 and a beta of 0.91. Charles Schwab has a 52-week low of $61.01 and a 52-week high of $84.50. The business’s 50 day moving average is $78.36 and its two-hundred day moving average is $75.92.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.19 billion. During the same period in the previous year, the company posted $0.68 EPS. Charles Schwab’s revenue was up 19.5% compared to the same quarter last year. Research analysts predict that Charles Schwab will post 4.22 EPS for the current year.

Insider Activity

In other news, Chairman Walter W. Bettinger sold 464,629 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the completion of the sale, the chairman now owns 827,377 shares in the company, valued at approximately $67,770,450.07. This represents a 35.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul V. Woolway sold 3,380 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $79.32, for a total value of $268,101.60. Following the completion of the transaction, the insider now owns 57,818 shares in the company, valued at $4,586,123.76. This trade represents a 5.52 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 513,081 shares of company stock valued at $41,903,066. 6.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Charles Schwab

Several hedge funds have recently modified their holdings of SCHW. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Charles Schwab in the 4th quarter worth $38,000. Atala Financial Inc purchased a new position in Charles Schwab during the fourth quarter worth about $41,000. Investors Research Corp lifted its position in Charles Schwab by 75.2% in the first quarter. Investors Research Corp now owns 559 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 240 shares during the period. Knuff & Co LLC boosted its holdings in Charles Schwab by 1,309.3% in the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 563 shares in the last quarter. Finally, Financial Life Planners acquired a new position in Charles Schwab during the 4th quarter worth approximately $46,000. 84.38% of the stock is owned by institutional investors and hedge funds.

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.