Charles Schwab (NYSE:SCHW) Earns “Market Outperform” Rating from JMP Securities

Charles Schwab (NYSE:SCHW)‘s stock had its “market outperform” rating reiterated by equities research analysts at JMP Securities in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $94.00 price target on the financial services provider’s stock, up from their previous price target of $84.00. JMP Securities’ price objective indicates a potential upside of 15.98% from the company’s current price.

Several other research firms have also recently weighed in on SCHW. The Goldman Sachs Group boosted their price objective on Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Raymond James reduced their price target on shares of Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. Cowen boosted their target price on shares of Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Charles Schwab from $77.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. upped their price objective on Charles Schwab from $86.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $77.50.

Charles Schwab Stock Down 0.5 %

NYSE SCHW traded down $0.42 on Monday, reaching $81.05. The company had a trading volume of 1,971,643 shares, compared to its average volume of 7,977,581. 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 company’s fifty day moving average is $74.08 and its 200 day moving average is $70.10. Charles Schwab has a 52-week low of $59.67 and a 52-week high of $83.35. The stock has a market capitalization of $144.24 billion, a P/E ratio of 31.66, a P/E/G ratio of 1.77 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the prior year, the firm posted $0.77 EPS. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. Sell-side analysts anticipate that Charles Schwab will post 3.12 earnings per share for the current fiscal year.

Insider Activity at Charles Schwab

In other Charles Schwab news, Chairman Charles R. Schwab sold 62,345 shares of Charles Schwab stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $72.52, for a total transaction of $4,521,259.40. Following the completion of the sale, the chairman now directly owns 60,619,371 shares in the company, valued at $4,396,116,784.92. The trade was a 0.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total transaction of $576,450.00. Following the completion of the transaction, the director now directly owns 554,929 shares in the company, valued at $35,543,202.45. The trade was a 1.60 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 127,968 shares of company stock valued at $9,419,271. Corporate insiders own 6.60% of the company’s stock.

Institutional Trading of Charles Schwab

A number of hedge funds have recently bought and sold shares of SCHW. Patten & Patten Inc. TN increased its holdings in shares of Charles Schwab by 155.9% in the third quarter. Patten & Patten Inc. TN now owns 104,168 shares of the financial services provider’s stock worth $6,751,000 after buying an additional 63,463 shares during the period. Equity Investment Corp grew its position in Charles Schwab by 9.4% during the 3rd quarter. Equity Investment Corp now owns 1,640,157 shares of the financial services provider’s stock worth $106,299,000 after acquiring an additional 140,643 shares during the last quarter. Teewinot Capital Advisers L.L.C. increased its stake in Charles Schwab by 9.0% in the 2nd quarter. Teewinot Capital Advisers L.L.C. now owns 775,161 shares of the financial services provider’s stock worth $57,122,000 after purchasing an additional 64,041 shares during the period. Iowa State Bank lifted its position in Charles Schwab by 37.9% in the third quarter. Iowa State Bank now owns 28,476 shares of the financial services provider’s stock valued at $1,846,000 after purchasing an additional 7,829 shares during the last quarter. Finally, Radnor Capital Management LLC purchased a new stake in shares of Charles Schwab during the third quarter valued at approximately $6,081,000. 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.