Charles Schwab (NYSE:SCHW) Price Target Raised to $80.00 at Piper Sandler

Charles Schwab (NYSE:SCHW) had its price objective hoisted by Piper Sandler from $74.00 to $80.00 in a report issued on Thursday morning.

A number of other analysts have also recently commented on SCHW. Barclays cut their price objective on Charles Schwab from $96.00 to $84.00 and set an “overweight” rating for the company in a research report on Monday, April 7th. TD Cowen raised shares of Charles Schwab from a “hold” rating to a “buy” rating and raised their target price for the stock from $88.00 to $103.00 in a research note on Tuesday, February 18th. UBS Group boosted their price target on shares of Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Redburn Partners cut their target price on Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a research note on Friday, January 17th. Finally, Wells Fargo & Company reduced their price target on shares of Charles Schwab from $93.00 to $87.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $85.44.

Charles Schwab Stock Performance

Shares of SCHW stock opened at $76.52 on Thursday. Charles Schwab has a 1 year low of $61.01 and a 1 year high of $84.50. The firm has a market capitalization of $138.77 billion, a price-to-earnings ratio of 25.59, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The business has a fifty day moving average of $77.30 and a 200 day moving average of $76.40.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, topping the consensus estimate of $1.01 by $0.03. The firm had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. During the same period last year, the company earned $0.74 earnings per share. As a group, research analysts expect that Charles Schwab will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date was Friday, February 14th. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio (DPR) is currently 36.12%.

Insider Activity at Charles Schwab

In other news, Chairman Walter W. Bettinger sold 464,629 shares of the firm’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total value of $38,057,761.39. Following the completion of the sale, the chairman now owns 827,377 shares in the company, valued at approximately $67,770,450.07. This trade represents a 35.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul V. Woolway sold 9,887 shares of Charles Schwab stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $75.38, for a total value of $745,282.06. Following the completion of the sale, the insider now directly owns 47,931 shares in the company, valued at $3,613,038.78. This represents a 17.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 513,081 shares of company stock worth $41,903,066 in the last 90 days. 6.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Charles Schwab

Several institutional investors have recently modified their holdings of SCHW. Merit Financial Group LLC lifted its holdings in shares of Charles Schwab by 230.1% in the fourth quarter. Merit Financial Group LLC now owns 33,546 shares of the financial services provider’s stock valued at $2,483,000 after purchasing an additional 23,383 shares in the last quarter. Synovus Financial Corp raised its stake in Charles Schwab by 46.0% during the third quarter. Synovus Financial Corp now owns 67,889 shares of the financial services provider’s stock worth $4,400,000 after purchasing an additional 21,377 shares during the period. Oregon Pacific Wealth Management LLC acquired a new position in Charles Schwab in the fourth quarter valued at $688,000. Golden State Equity Partners grew its holdings in shares of Charles Schwab by 293.9% during the 4th quarter. Golden State Equity Partners now owns 12,207 shares of the financial services provider’s stock worth $903,000 after purchasing an additional 9,108 shares during the period. Finally, Asset Management One Co. Ltd. increased its position in shares of Charles Schwab by 7.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 637,957 shares of the financial services provider’s stock worth $47,674,000 after acquiring an additional 43,308 shares in the last quarter. Hedge funds and other institutional investors 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.