Charles Schwab (NYSE:SCHW) Price Target Raised to $95.00

Charles Schwab (NYSE:SCHW) had its target price hoisted by investment analysts at UBS Group from $90.00 to $95.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. UBS Group’s price objective suggests a potential upside of 16.95% from the stock’s previous close.

Several other research firms have also recently commented on SCHW. Raymond James cut their price target on Charles Schwab from $76.00 to $73.00 in a report on Tuesday, October 15th. Jefferies Financial Group increased their target price on Charles Schwab from $84.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Barclays increased their target price on Charles Schwab from $95.00 to $96.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Redburn Partners dropped their target price on Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a report on Friday, January 17th. Finally, Morgan Stanley increased their target price on Charles Schwab from $74.00 to $84.00 and gave the stock an “equal weight” rating in a report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $84.11.

Charles Schwab Stock Down 0.7 %

NYSE SCHW traded down $0.60 on Monday, reaching $81.23. The stock had a trading volume of 1,014,539 shares, compared to its average volume of 8,862,600. The company has a market capitalization of $144.56 billion, a price-to-earnings ratio of 27.16, a P/E/G ratio of 1.46 and a beta of 0.99. The business has a 50 day moving average price of $77.81 and a 200 day moving average price of $70.83. Charles Schwab has a 1 year low of $61.01 and a 1 year high of $83.35. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW) last announced its 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 during the quarter, compared to the consensus estimate of $5,190,822.51 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.68 EPS. On average, analysts forecast that Charles Schwab will post 4.09 EPS for the current fiscal year.

Insider Buying and Selling at Charles Schwab

In related news, Director Christopher V. Dodds sold 9,284 shares of Charles Schwab stock in a transaction on Monday, November 18th. The stock was sold at an average price of $81.43, for a total transaction of $755,996.12. Following the completion of the sale, the director now directly owns 442,807 shares of the company’s stock, valued at $36,057,774.01. The trade was a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jonathan S. Beatty sold 2,300 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $82.01, for a total value of $188,623.00. Following the completion of the transaction, the insider now directly owns 18,069 shares of the company’s stock, valued at approximately $1,481,838.69. The trade was a 11.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,466 shares of company stock worth $3,352,884. Insiders own 6.60% of the company’s stock.

Institutional Trading of Charles Schwab

Institutional investors have recently modified their holdings of the company. Capital Performance Advisors LLP bought a new stake in Charles Schwab during the third quarter worth about $25,000. Washington Trust Advisors Inc. lifted its stake 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 worth $25,000 after purchasing an additional 149 shares during the last quarter. Prospera Private Wealth LLC bought a new position in shares of Charles Schwab in the 3rd quarter valued at $31,000. Future Financial Wealth Managment LLC bought a new position in shares of Charles Schwab in the 3rd quarter valued at $32,000. Finally, Planning Capital Management Corp bought a new position in Charles Schwab during the 3rd quarter worth $33,000. 84.38% of the stock is currently owned by institutional investors.

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.