Charles Schwab (NYSE:SCHW) Stock Rating Reaffirmed by JMP Securities

Charles Schwab (NYSE:SCHW)‘s stock had its “market outperform” rating reissued by equities researchers at JMP Securities in a report released on Tuesday, Benzinga reports. They currently have a $80.00 price target on the financial services provider’s stock. JMP Securities’ target price would indicate a potential upside of 10.34% from the company’s previous close.

Several other research analysts have also commented on the company. Citigroup boosted their price target on Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Raymond James reduced their target price on shares of Charles Schwab from $78.00 to $75.00 and set an “outperform” rating for the company in a report on Thursday, January 18th. Barclays raised their price target on shares of Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a report on Tuesday. Bank of America boosted their price objective on shares of Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a research note on Tuesday. Finally, TD Cowen raised their target price on shares of Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday. Three analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Charles Schwab presently has a consensus rating of “Hold” and an average price target of $74.47.

Charles Schwab Trading Down 0.8 %

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. The company has a market capitalization of $128.76 billion, a price-to-earnings ratio of 30.33, a price-to-earnings-growth ratio of 1.08 and a beta of 1.01. The company’s 50-day simple moving average is $68.17 and its two-hundred day simple moving average is $62.82. Charles Schwab has a one year low of $45.65 and a one year high of $73.88.

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

Insider Activity

In related news, CFO Peter B. Crawford sold 4,000 shares of the company’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 sale, the chief financial officer now owns 37,611 shares in the company, 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, Chairman Charles R. Schwab sold 71,226 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $64.99, for a total transaction of $4,628,977.74. Following the sale, the chairman now directly owns 61,251,038 shares of the company’s stock, valued at approximately $3,980,704,959.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Peter B. Crawford sold 4,000 shares of Charles Schwab stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $64.49, for a total value of $257,960.00. Following the transaction, the chief financial officer now owns 37,611 shares of the company’s stock, valued at approximately $2,425,533.39. 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. Company insiders own 6.60% of the company’s stock.

Institutional Trading of Charles Schwab

Several hedge funds and other institutional investors have recently bought and sold shares of SCHW. Main Street Group LTD purchased a new stake in Charles Schwab in the 4th quarter worth approximately $29,000. Sugarloaf Wealth Management LLC boosted 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. Frazier Financial Advisors LLC purchased a new position in Charles Schwab in the fourth quarter valued at $30,000. Wetzel Investment Advisors Inc. acquired a new position in shares of Charles Schwab in the fourth quarter worth about $31,000. Finally, Hall Laurie J Trustee purchased a new stake in shares of Charles Schwab during the 4th quarter worth about $34,000. 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.