Deutsche Bank Aktiengesellschaft Boosts Charles Schwab (NYSE:SCHW) Price Target to $105.00

Charles Schwab (NYSE:SCHW) had its price target boosted by analysts at Deutsche Bank Aktiengesellschaft from $98.00 to $105.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 28.11% from the company’s current price.

Several other research analysts have also weighed in on SCHW. Redburn Partners dropped their price target on Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a research report on Friday, January 17th. Bank of America dropped their price target on Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 16th. Barclays raised Charles Schwab from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $74.00 to $95.00 in a research report on Monday, December 9th. Citigroup dropped their target price on Charles Schwab from $85.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Finally, Raymond James dropped their target price on Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $83.83.

Charles Schwab Trading Up 1.7 %

Shares of NYSE SCHW opened at $81.96 on Wednesday. Charles Schwab has a 12 month low of $61.01 and a 12 month high of $83.35. The company has a market cap of $145.86 billion, a price-to-earnings ratio of 27.41, a P/E/G ratio of 1.48 and a beta of 0.99. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The business has a fifty day simple moving average of $77.75 and a 200-day simple moving average of $70.75.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.11. The firm had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5,190,822.51 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. Charles Schwab’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 earnings per share. Sell-side analysts predict that Charles Schwab will post 4.04 EPS for the current year.

Insider Activity

In related news, insider Jonathan S. Beatty sold 2,300 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $82.01, for a total transaction of $188,623.00. Following the completion of the sale, the insider now owns 18,069 shares in the company, valued at $1,481,838.69. This represents a 11.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Christopher V. Dodds sold 9,284 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $81.43, for a total value of $755,996.12. Following the sale, the director now owns 442,807 shares of the company’s stock, valued at approximately $36,057,774.01. The trade was a 2.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,823 shares of company stock valued at $2,171,194. Insiders own 6.60% of the company’s stock.

Institutional Trading of Charles Schwab

Several hedge funds have recently added to or reduced their stakes in the business. Heck Capital Advisors LLC bought a new stake in shares of Charles Schwab in the 4th quarter worth approximately $50,000. Caprock Group LLC lifted its position in shares of Charles Schwab by 8.7% in the 4th quarter. Caprock Group LLC now owns 52,841 shares of the financial services provider’s stock worth $3,911,000 after acquiring an additional 4,234 shares during the period. Coastwise Capital Group LLC lifted its position in shares of Charles Schwab by 3.4% in the 4th quarter. Coastwise Capital Group LLC now owns 6,258 shares of the financial services provider’s stock worth $463,000 after acquiring an additional 208 shares during the period. Cibc World Market Inc. lifted its position in shares of Charles Schwab by 364.9% in the 4th quarter. Cibc World Market Inc. now owns 212,577 shares of the financial services provider’s stock worth $15,733,000 after acquiring an additional 166,850 shares during the period. Finally, Hixon Zuercher LLC lifted its position in shares of Charles Schwab by 1.1% in the 4th quarter. Hixon Zuercher LLC now owns 50,001 shares of the financial services provider’s stock worth $3,701,000 after acquiring an additional 567 shares during the period. Institutional investors own 84.38% of the company’s stock.

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.