Jefferies Financial Group Raises Charles Schwab (NYSE:SCHW) Price Target to $88.00

Charles Schwab (NYSE:SCHWFree Report) had its target price increased by Jefferies Financial Group from $85.00 to $88.00 in a report issued on Monday, Benzinga reports. The firm currently has a buy rating on the financial services provider’s stock.

Several other analysts have also recently commented on the stock. Keefe, Bruyette & Woods upgraded shares of Charles Schwab from a market perform rating to an outperform rating and raised their target price for the stock from $76.00 to $84.00 in a research note on Monday. UBS Group raised their price objective on shares of Charles Schwab from $87.00 to $91.00 and gave the company a buy rating in a research note on Thursday, May 23rd. Citigroup raised their price objective on shares of Charles Schwab from $70.00 to $75.00 and gave the company a neutral rating in a research note on Thursday, April 11th. JPMorgan Chase & Co. reduced their price objective on shares of Charles Schwab from $89.00 to $81.00 and set an overweight rating for the company in a research note on Friday, May 31st. Finally, Barclays raised their price objective on shares of Charles Schwab from $74.00 to $75.00 and gave the company an equal weight rating in a research note on Tuesday, April 16th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Charles Schwab currently has a consensus rating of Hold and a consensus target price of $77.63.

View Our Latest Research Report on SCHW

Charles Schwab Stock Up 0.1 %

Shares of NYSE:SCHW opened at $74.63 on Monday. Charles Schwab has a 1-year low of $48.66 and a 1-year high of $79.49. The stock has a market cap of $132.64 billion, a P/E ratio of 31.23, a P/E/G ratio of 1.13 and a beta of 0.99. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.42 and a quick ratio of 0.42. The firm has a fifty day moving average price of $74.29 and a 200 day moving average price of $70.09.

Charles Schwab (NYSE:SCHWGet Free Report) last released its earnings results on Monday, April 15th. The financial services provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.73 by $0.01. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. The company had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.71 billion. Sell-side analysts predict that Charles Schwab will post 3.25 EPS for the current year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.34%. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

Insider Transactions at Charles Schwab

In related news, insider Bernard J. Clark sold 77,431 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $70.94, for a total value of $5,492,955.14. Following the completion of the sale, the insider now directly owns 121,666 shares in the company, valued at $8,630,986.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $72.49, for a total value of $652,410.00. Following the completion of the sale, the director now directly owns 570,657 shares in the company, valued at $41,366,925.93. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Bernard J. Clark sold 77,431 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $70.94, for a total transaction of $5,492,955.14. Following the completion of the sale, the insider now owns 121,666 shares of the company’s stock, valued at $8,630,986.04. The disclosure for this sale can be found here. Insiders sold a total of 658,663 shares of company stock worth $48,997,146 over the last ninety days. 6.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Charles Schwab

Institutional investors have recently bought and sold shares of the stock. Nelson Capital Management LLC lifted its position in Charles Schwab by 0.4% during the first quarter. Nelson Capital Management LLC now owns 37,726 shares of the financial services provider’s stock valued at $2,729,000 after buying an additional 141 shares in the last quarter. Abbrea Capital LLC lifted its position in Charles Schwab by 2.5% during the first quarter. Abbrea Capital LLC now owns 5,777 shares of the financial services provider’s stock valued at $418,000 after buying an additional 142 shares in the last quarter. Sweet Financial Partners LLC lifted its position in Charles Schwab by 3.5% during the first quarter. Sweet Financial Partners LLC now owns 4,430 shares of the financial services provider’s stock valued at $320,000 after buying an additional 150 shares in the last quarter. Ironwood Financial llc lifted its position in Charles Schwab by 1.6% during the first quarter. Ironwood Financial llc now owns 10,186 shares of the financial services provider’s stock valued at $737,000 after buying an additional 160 shares in the last quarter. Finally, Courier Capital LLC lifted its position in Charles Schwab by 0.4% during the fourth quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider’s stock valued at $3,133,000 after buying an additional 161 shares in the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Charles Schwab Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Charles Schwab (NYSE:SCHW)

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