Charles Schwab (NYSE:SCHW) Given New $80.00 Price Target at Deutsche Bank Aktiengesellschaft

Charles Schwab (NYSE:SCHW) had its price target boosted by Deutsche Bank Aktiengesellschaft from $77.00 to $80.00 in a research note issued to investors on Monday morning,Benzinga reports. The firm currently has a buy rating on the financial services provider’s stock.

Several other research analysts have also commented on the stock. JMP Securities increased their price target on shares of Charles Schwab from $82.00 to $84.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 16th. Citigroup lowered their target price on shares of Charles Schwab from $75.00 to $72.00 and set a “neutral” rating on the stock in a research report on Friday, September 27th. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Raymond James cut their price objective on Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. Finally, Cowen upped their target price on Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Charles Schwab has an average rating of “Hold” and a consensus price target of $74.18.

Charles Schwab Price Performance

Shares of NYSE:SCHW opened at $80.19 on Monday. The firm has a market cap of $142.71 billion, a price-to-earnings ratio of 31.32, a P/E/G ratio of 1.71 and a beta of 0.96. Charles Schwab has a 1 year low of $55.09 and a 1 year high of $82.50. The company has a current ratio of 0.47, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The business has a fifty day simple moving average of $68.05 and a 200 day simple moving average of $69.54.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.02. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The business had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same period in the previous year, the company earned $0.77 EPS. The firm’s revenue was up 5.2% on a year-over-year basis. As a group, sell-side analysts predict that Charles Schwab will post 3.12 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.25%. Charles Schwab’s payout ratio is 39.06%.

Insider Activity

In other Charles Schwab news, Chairman Charles R. Schwab sold 62,345 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $72.52, for a total value of $4,521,259.40. Following the completion of the sale, the chairman now owns 60,619,371 shares in the company, valued at approximately $4,396,116,784.92. This trade represents a 0.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jonathan S. Beatty sold 2,500 shares of Charles Schwab stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $77.02, for a total value of $192,550.00. Following the sale, the insider now directly owns 18,069 shares in the company, valued at $1,391,674.38. The trade was a 12.15 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 103,645 shares of company stock valued at $7,440,627. Insiders own 6.60% of the company’s stock.

Institutional Trading of Charles Schwab

Several institutional investors have recently made changes to their positions in SCHW. Washington Trust Advisors Inc. boosted its holdings in Charles Schwab by 62.6% during the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 149 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in Charles Schwab in the 3rd quarter valued at $25,000. Country Trust Bank acquired a new position in Charles Schwab during the second quarter worth $26,000. American Capital Advisory LLC bought a new position in shares of Charles Schwab during the second quarter valued at $27,000. Finally, Fortitude Family Office LLC boosted its stake in shares of Charles Schwab by 97.5% in the 2nd quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 192 shares in the last quarter. 84.38% of the stock is currently 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.