Charles Schwab (NYSE:SCHW) Price Target Raised to $75.00

Charles Schwab (NYSE:SCHW) had its price target increased by investment analysts at Barclays from $74.00 to $75.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s price target would indicate a potential upside of 5.25% from the stock’s previous close.

Several other equities research analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. JMP Securities raised their target price on Charles Schwab from $77.00 to $80.00 and gave the stock a “market outperform” rating in a research note on Tuesday, April 9th. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. TD Cowen upgraded Charles Schwab from a “market perform” rating to an “outperform” rating and set a $87.00 price target for the company in a research report on Friday, March 22nd. Finally, Bank of America boosted their target price on Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Charles Schwab presently has a consensus rating of “Hold” and a consensus price target of $73.82.

Charles Schwab Price Performance

Charles Schwab stock opened at $71.26 on Tuesday. Charles Schwab has a 52-week low of $45.65 and a 52-week high of $73.65. The stock’s 50 day moving average price is $67.74 and its two-hundred day moving average price is $62.62. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43. The stock has a market capitalization of $126.56 billion, a price-to-earnings ratio of 28.06, a PEG ratio of 1.06 and a beta of 1.01.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. The business had revenue of $4.46 billion during the quarter, compared to analyst estimates of $4.49 billion. Charles Schwab had a return on equity of 21.33% and a net margin of 26.90%. Charles Schwab’s quarterly revenue was down 18.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.07 EPS. On average, equities analysts predict that Charles Schwab will post 3.4 earnings per share for the current year.

Insider Activity at Charles Schwab

In related news, CFO Peter B. Crawford sold 4,000 shares of Charles Schwab 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 sale, the chief financial officer now directly owns 37,611 shares in the company, valued at $2,425,533.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Charles Schwab news, CFO Peter B. Crawford sold 4,000 shares of the business’s stock in a transaction 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 sale, the chief financial officer now directly owns 37,611 shares of the company’s stock, valued at $2,425,533.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jonathan M. Craig sold 4,977 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $70.01, for a total value of $348,439.77. Following the completion of the sale, the insider now directly owns 81,446 shares in the company, valued at $5,702,034.46. The disclosure for this sale can be found here. Insiders have sold 216,584 shares of company stock worth $14,200,769 over the last ninety days. 6.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Charles Schwab

Several hedge funds have recently added to or reduced their stakes in the stock. Dodge & Cox boosted its holdings in Charles Schwab by 10.5% in the fourth quarter. Dodge & Cox now owns 86,421,986 shares of the financial services provider’s stock worth $5,945,833,000 after acquiring an additional 8,182,467 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Charles Schwab by 33.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 69,360,233 shares of the financial services provider’s stock valued at $4,771,985,000 after purchasing an additional 17,369,091 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Charles Schwab by 4.1% during 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 purchasing an additional 1,219,015 shares in the last quarter. Geode Capital Management LLC lifted its holdings 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 purchasing an additional 391,238 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in shares of Charles Schwab by 62.5% during the fourth quarter. Morgan Stanley now owns 22,255,649 shares of the financial services provider’s stock valued at $1,853,005,000 after purchasing an additional 8,563,389 shares in the last quarter. 84.38% of the stock is owned by institutional investors.

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.