Charles Schwab (NYSE:SCHW) Price Target Raised to $76.00 at Keefe, Bruyette & Woods

Charles Schwab (NYSE:SCHW) had its price objective lifted by equities researchers at Keefe, Bruyette & Woods from $75.00 to $76.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 4.83% from the company’s previous close.

Other analysts also recently issued reports about the company. Bank of America boosted their price target on Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a research note on Tuesday. JMP Securities boosted their price target on Charles Schwab from $77.00 to $80.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft boosted their price target on Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Barclays boosted their price target on Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a research note on Tuesday. Finally, Piper Sandler upped their target price on Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $74.47.

Charles Schwab Stock Down 0.8 %

SCHW stock opened at $72.50 on Tuesday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $128.76 billion, a PE ratio of 30.33, a PEG ratio of 1.08 and a beta of 1.01. Charles Schwab has a 1-year low of $45.65 and a 1-year high of $73.88. The business’s 50 day simple moving average is $68.17 and its 200 day simple moving average is $62.82.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.04. The business had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.49 billion. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. The firm’s quarterly revenue was down 18.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.07 EPS. As a group, research analysts anticipate that Charles Schwab will post 3.4 EPS for the current year.

Insiders Place Their Bets

In other Charles Schwab news, Chairman Charles R. Schwab sold 16,390 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chairman now owns 61,331,688 shares of the company’s stock, valued at approximately $3,921,548,130.72. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Charles Schwab news, insider Jonathan M. Craig sold 4,977 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 81,446 shares of the company’s stock, valued at approximately $5,702,034.46. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Charles R. Schwab sold 16,390 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $63.94, for a total value of $1,047,976.60. Following the completion of the sale, the chairman now directly owns 61,331,688 shares of the company’s stock, valued at approximately $3,921,548,130.72. The disclosure for this sale can be found here. Insiders sold a total of 216,584 shares of company stock valued at $14,200,769 in the last 90 days. Corporate insiders own 6.60% of the company’s stock.

Institutional Investors Weigh In On Charles Schwab

Institutional investors and hedge funds have recently made changes to their positions in the stock. Providence Capital Advisors LLC acquired a new stake in shares of Charles Schwab in the third quarter valued at about $28,000. Main Street Group LTD acquired a new stake in shares of Charles Schwab in the fourth quarter valued at about $29,000. Sugarloaf Wealth Management LLC increased its stake in shares of Charles Schwab by 60.0% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after buying an additional 165 shares during the period. Frazier Financial Advisors LLC acquired a new stake in shares of Charles Schwab in the fourth quarter valued at about $30,000. Finally, Wetzel Investment Advisors Inc. acquired a new stake in Charles Schwab during the fourth quarter worth approximately $31,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

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.