Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Charles Schwab (NYSE:SCHW) Stock

Charles Schwab (NYSE:SCHW) had its price target increased by investment analysts at Deutsche Bank Aktiengesellschaft from $98.00 to $105.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 29.83% from the company’s previous close.

Several other research firms have also recently weighed in on SCHW. Jefferies Financial Group raised their price objective on shares of Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Wells Fargo & Company cut their price objective on Charles Schwab from $90.00 to $89.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. 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 research report on Friday, January 17th. Truist Financial upgraded shares of Charles Schwab to a “strong-buy” rating in a research report on Monday, January 6th. Finally, Bank of America lowered their price objective on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating for the company in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $83.47.

Charles Schwab Stock Performance

NYSE SCHW opened at $80.88 on Wednesday. Charles Schwab has a 12-month low of $61.01 and a 12-month high of $83.35. The company’s 50 day moving average is $77.65 and its 200-day moving average is $70.62. 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 firm has a market cap of $143.93 billion, a P/E ratio of 31.59, a price-to-earnings-growth ratio of 1.40 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last released 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 analysts’ expectations of $5,190,822.51 billion. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The company’s revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.68 EPS. Sell-side analysts predict that Charles Schwab will post 3.16 earnings per share for the current year.

Insider Buying and Selling at Charles Schwab

In related news, insider Jonathan S. Beatty sold 2,300 shares of Charles Schwab stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $82.01, for a total value of $188,623.00. Following the completion of the sale, the insider now directly owns 18,069 shares in the company, valued at approximately $1,481,838.69. This trade represents a 11.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher V. Dodds sold 9,284 shares of the firm’s stock in a transaction that occurred 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 owns 442,807 shares in the company, valued at $36,057,774.01. This represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,823 shares of company stock valued at $2,171,194. 6.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Charles Schwab

Large investors have recently made changes to their positions in the business. Washington Trust Advisors Inc. lifted its stake in Charles Schwab by 62.6% in the 3rd 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 in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Charles Schwab during the 3rd quarter valued at about $25,000. Prospera Private Wealth LLC bought a new stake in shares of Charles Schwab in the 3rd quarter valued at approximately $31,000. Future Financial Wealth Managment LLC bought a new stake in Charles Schwab in the third quarter worth $32,000. Finally, Hazlett Burt & Watson Inc. purchased a new position in Charles Schwab during the third quarter worth $33,000. 84.38% of the stock is currently owned by hedge funds and other 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.